Shares of Centerspace (NYSE:CSR – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $72.29.
Several research firms have recently issued reports on CSR. Piper Sandler raised their price objective on Centerspace from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. BTIG Research raised their target price on Centerspace from $69.00 to $79.00 and gave the company a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada boosted their price target on Centerspace from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Raymond James increased their price objective on shares of Centerspace from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th.
Get Our Latest Stock Report on Centerspace
Institutional Trading of Centerspace
Centerspace Stock Up 2.7 %
CSR stock opened at $75.50 on Friday. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -94.38, a PEG ratio of 2.15 and a beta of 0.90. The company’s 50 day moving average price is $72.02 and its 200 day moving average price is $66.66. Centerspace has a fifty-two week low of $46.74 and a fifty-two week high of $76.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.04 and a current ratio of 0.04.
Centerspace (NYSE:CSR – Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($1.39). Centerspace had a negative return on equity of 0.67% and a negative net margin of 2.16%. The business had revenue of $65.04 million for the quarter, compared to analysts’ expectations of $65.90 million. During the same period in the previous year, the business posted $1.28 earnings per share. On average, equities research analysts anticipate that Centerspace will post 4.83 EPS for the current fiscal year.
Centerspace Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 3.97%. Centerspace’s dividend payout ratio is presently -375.00%.
Centerspace Company Profile
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of September 30, 2023, Centerspace owned interests in 71 apartment communities consisting of 12,785 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.
Further Reading
- Five stocks we like better than Centerspace
- Best Stocks Under $10.00
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- Energy and Oil Stocks Explained
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Receive News & Ratings for Centerspace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerspace and related companies with MarketBeat.com's FREE daily email newsletter.