Centerspace (NYSE:CSR) Lifted to “Outperform” at Royal Bank of Canada

Centerspace (NYSE:CSRGet Free Report) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $63.00 price objective on the stock, up from their previous price objective of $58.00. Royal Bank of Canada’s price objective would indicate a potential upside of 14.01% from the company’s previous close.

Several other brokerages have also issued reports on CSR. BMO Capital Markets lowered their target price on Centerspace from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, October 9th. BTIG Research reaffirmed a “buy” rating and set a $69.00 target price on shares of Centerspace in a research report on Monday, September 25th. Piper Sandler decreased their price target on Centerspace from $65.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Compass Point upgraded Centerspace from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, November 6th. Finally, Robert W. Baird decreased their price target on Centerspace from $69.00 to $65.00 in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.71.

Read Our Latest Analysis on CSR

Centerspace Stock Down 0.0 %

Shares of NYSE:CSR opened at $55.26 on Tuesday. The firm has a market cap of $831.66 million, a P/E ratio of 20.17, a P/E/G ratio of 1.71 and a beta of 0.99. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.62. Centerspace has a 12-month low of $46.74 and a 12-month high of $71.97. The business has a fifty day simple moving average of $55.37 and a 200 day simple moving average of $58.32.

Institutional Trading of Centerspace

Several large investors have recently made changes to their positions in CSR. Lazard Asset Management LLC acquired a new stake in shares of Centerspace in the 4th quarter valued at about $27,000. HighMark Wealth Management LLC grew its stake in shares of Centerspace by 316.3% in the 2nd quarter. HighMark Wealth Management LLC now owns 637 shares of the company’s stock valued at $39,000 after buying an additional 484 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Centerspace by 82.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 740 shares of the company’s stock valued at $45,000 after buying an additional 335 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Centerspace in the 2nd quarter valued at about $46,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Centerspace by 311.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,033 shares of the company’s stock valued at $63,000 after buying an additional 782 shares during the period. 78.97% of the stock is currently owned by institutional investors and hedge funds.

About Centerspace

(Get Free Report)

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.

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Analyst Recommendations for Centerspace (NYSE:CSR)

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