Centerspace (NYSE:CSR) Stock Rating Raised to Hold at Zacks Research

Centerspace (NYSE:CSR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other equities analysts have also issued reports on CSR. UBS Group decreased their price target on Centerspace from $68.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday. BTIG Research cut Centerspace from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. Compass Point raised Centerspace from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $64.50 to $80.00 in a report on Wednesday, September 9th. Wall Street Zen upgraded Centerspace from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Wells Fargo & Company dropped their price objective on Centerspace from $60.00 to $57.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Centerspace currently has an average rating of “Hold” and an average target price of $63.17.

Centerspace Stock Performance

NYSE CSR opened at $55.48 on Tuesday. The firm’s 50 day simple moving average is $54.99 and its 200 day simple moving average is $58.65. The firm has a market capitalization of $933.33 million, a price-to-earnings ratio of 44.03 and a beta of 0.84. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.87. Centerspace has a 1 year low of $52.00 and a 1 year high of $69.61.

Centerspace (NYSE:CSR) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. Centerspace had a net margin of 7.97% and a return on equity of 2.58%. The business had revenue of $65.78 million during the quarter, compared to the consensus estimate of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. As a group, research analysts expect that Centerspace will post 4.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC raised its position in Centerspace by 67.4% during the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock worth $36,000 after purchasing an additional 252 shares during the last quarter. Avalon Trust Co lifted its holdings in Centerspace by 36.3% during the 1st quarter. Avalon Trust Co now owns 709 shares of the company’s stock worth $41,000 after buying an additional 189 shares during the period. State of Wyoming acquired a new position in Centerspace during the 2nd quarter worth about $60,000. IFM Investors Pty Ltd acquired a new position in Centerspace during the 1st quarter worth about $156,000. Finally, Cetera Investment Advisers bought a new stake in shares of Centerspace in the 1st quarter valued at about $208,000. Institutional investors own 79.00% of the company’s stock.

About Centerspace

Centerspace (NYSE:CSR) is a real estate investment trust that owns, operates and manages apartment communities. The company focuses on providing rental housing and generating income through multifamily properties, with operations concentrated in select markets across the Upper Midwest and Mountain West regions of the United States.

Its portfolio includes apartment communities serving a range of residents and household needs. Centerspace is involved in property management, leasing, resident services, maintenance and the ongoing improvement of its communities.