Streetbeat News

CSR

Centerspace

https://www.centerspacehomes.com

Industry

REIT - Residential

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 June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

Open

61.83

Mkt cap

Volume

70K

High

61.83

P/E Ratio

-37.88

52-wk high

76.16

Low

60.76

Div yield

0.05

52-wk low

20.10

Centerspace, managing over 13,000 apartments, shows signs of moderating growth. Q3 2024 results were affected by a capital increase for redeeming Series C preferred shares. With only 4% variable rate debt, it sees limited benefits from Fed rate cuts.

Portfolio Pulse from

December 12, 2024 | 3:00 pm

Centerspace (NYSE: CSR) has announced a regular quarterly dividend of $0.75 per share, payable on January 13, 2025, to shareholders of record as of December 30, 2024.

Portfolio Pulse from

December 02, 2024 | 9:45 pm

RBC Capital analyst Brad Heffern has reiterated an Outperform rating on Center (NYSE:CSR) and maintained a price target of $76.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 4:11 pm

Center (NYSE:CSR) has adjusted its FY2024 FFO guidance to a range of $4.82-$4.90, slightly narrowing from the previous range of $4.78-$4.92, and aligning closely with the analyst estimate of $4.85.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:39 pm

Centerspace (NYSE:CSR) reported Q3 2024 earnings per share of $1.18, slightly beating the estimate of $1.17, but sales of $65.025M missed the $67.621M estimate. Earnings decreased by 1.67% from last year, while sales increased by 0.71%.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:38 pm

Centerspace (NYSE:CSR) is set to announce its quarterly earnings on October 28, 2024. Analysts estimate an EPS of $1.19. The company's previous earnings beat expectations but led to a slight drop in share price. Centerspace shares have risen 20.89% over the past year, and analysts rate it as 'Outperform' with a price target of $77.25, suggesting an 8.97% upside. Compared to peers, Centerspace shows strong revenue growth but faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 6:01 pm

Center (NYSE:CSR), a real estate investment trust, has been analyzed by four analysts, showing a range of ratings from bullish to indifferent. Recent analyst actions have raised price targets, with an average target of $77.25, up from $70.00. The company's financials show mixed performance, with positive revenue growth but challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 5:01 pm

Raymond James analyst Buck Horne has downgraded Center (NYSE:CSR) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:15 pm

Centerspace has expanded its presence in Denver by acquiring The Lydian for $54 million. The acquisition was financed through a combination of mortgage debt, operating partnership units, and cash. Additionally, Centerspace completed the redemption of its 6.625% Series C Preferred Shares, using proceeds from ATM sales and debt pay down.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:32 pm

In the past three months, four analysts have provided ratings for Centerspace (NYSE:CSR), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $77.25, up from $70.00. Analysts from Raymond James, BTIG, RBC Capital, and Piper Sandler have raised their price targets, reflecting positive expectations. Centerspace, a REIT focusing on apartment communities, shows a solid revenue growth rate but faces challenges with net margin and debt management.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:00 pm

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