Centerspace (NYSE:CSR – Get Free Report) was upgraded by analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a $72.00 price objective on the stock. Janney Montgomery Scott’s price objective would indicate a potential upside of 18.52% from the stock’s previous close.
Several other research firms have also weighed in on CSR. Wedbush began coverage on Centerspace in a research report on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price target on the stock. Raymond James cut shares of Centerspace from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $76.00 target price on shares of Centerspace in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.86.
Check Out Our Latest Stock Analysis on Centerspace
Centerspace Stock Down 0.1 %
Centerspace (NYSE:CSR – Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($1.57). Centerspace had a negative net margin of 5.57% and a negative return on equity of 1.72%. The company had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $66.35 million. During the same quarter in the prior year, the firm earned $1.20 EPS. Research analysts anticipate that Centerspace will post 4.86 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in Centerspace in the 2nd quarter worth about $209,000. State of New Jersey Common Pension Fund D grew its stake in shares of Centerspace by 27.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 31,906 shares of the company’s stock worth $2,158,000 after acquiring an additional 6,906 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Centerspace by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 223,770 shares of the company’s stock valued at $15,134,000 after purchasing an additional 14,440 shares during the last quarter. Hsbc Holdings PLC lifted its position in Centerspace by 7.0% during the second quarter. Hsbc Holdings PLC now owns 11,696 shares of the company’s stock valued at $789,000 after purchasing an additional 766 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Centerspace in the second quarter worth approximately $303,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.
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.
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