Centerspace (CSR) expanding its growth trajectory ahead

Centerspace (NYSE: CSR) stock fell -2.90% on Wednesday to $64.40 against a previous-day closing price of $66.32. With 0.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 99980.0 shares. During the session, the REIT – Residential company that operates in wider Real Estate sector, reached to the highest price of $65.86 whereas the lowest price it dropped to was $64.04. The 52-week range on CSR shows that it touched its highest point at $112.27 and its lowest point at $60.52 during that stretch. It currently has a 1-year price target of $75.00. With its current market cap of 944.10 million, CSR has annualized dividend of $2.92 while the current yield stands at 4.53%. Beta for the stock currently stands at 0.94.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CSR was down-trending over the past week, with a drop of -1.56%, but this was down by -8.26% over a month. Three-month performance dropped to -18.27% while six-month performance fell -22.87%. The stock lost -36.60% in the past year, while it has lost -41.93% so far this year. A look at the trailing 12-month EPS for CSR yields -1.71 with Next year EPS estimates of -0.12. For the next quarter, that number is -0.07. This implies an EPS growth rate of -228.30% for this year and 89.80% for next year. EPS is expected to grow by 6.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.80%.

Float and Shares Shorts:

At present, 15.37 million CSR shares are outstanding with a float of 14.62 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.41 million, which was 2.68% higher than short shares on Sep 14, 2022. In addition to Mr. Mark O. Decker Jr. as the firm’s Pres, CEO, Chief Investment Officer & Trustee, Ms. Anne M. Olson Esq. serves as its Exec. VP, COO, Gen. Counsel & Sec..

Institutional Ownership:

Through their ownership of 84.92% of CSR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.13% of CSR, in contrast to 33.68% held by mutual funds. Shares owned by individuals account for 0.91%. As the largest shareholder in CSR with 16.10% of the stake, BlackRock Fund Advisors holds 2,474,123 shares worth 2,474,123. A second-largest stockholder of CSR, The Vanguard Group, Inc., holds 2,438,513 shares, controlling over 15.86% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CSR, holding 938,301 shares or 6.10% stake. With a 7.42% stake in CSR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,140,342 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.53% of CSR stock, is the second-largest Mutual Fund holder. It holds 696,284 shares valued at 48.25 million. Vanguard Total Stock Market Index holds 2.93% of the stake in CSR, owning 450,895 shares worth 31.25 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CSR since 8 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CSR analysts setting a high price target of $80.00 and a low target of $69.00, the average target price over the next 12 months is $73.57. Based on these targets, CSR could surge 24.22% to reach the target high and rise by 7.14% to reach the target low. Reaching the average price target will result in a growth of 14.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CSR will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of -$0.44 being high and -$1.18 being low. For CSR, this leads to a yearly average estimate of -$0.81. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Centerspace surprised analysts by -$0.09 when it reported -$0.14 EPS against a consensus estimate of -$0.05. The surprise factor in the prior quarter was $0.33. Based on analyst estimates, the high estimate for the next quarter is $0.55 and the low estimate is -$0.07. The average estimate for the next quarter is thus $0.24.

Summary of Insider Activity:

Insiders traded CSR stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 225 shares were bought while 0 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 37,247 while 12,363 shares were sold.

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