Vanguard Group Inc. Has $150.69 Million Stock Holdings in Centerspace $CSR

Vanguard Group Inc. lessened its holdings in shares of Centerspace (NYSE:CSR) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,558,409 shares of the company’s stock after selling 53,083 shares during the quarter. Vanguard Group Inc. owned 15.27% of Centerspace worth $150,690,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. raised its position in Centerspace by 998.3% in the third quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock worth $39,000 after acquiring an additional 599 shares during the period. Versant Capital Management Inc boosted its position in shares of Centerspace by 488.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,630 shares of the company’s stock valued at $96,000 after acquiring an additional 1,353 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Centerspace by 103.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,176 shares of the company’s stock worth $131,000 after buying an additional 1,106 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Centerspace by 64.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $136,000 after purchasing an additional 879 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Centerspace during the 3rd quarter valued at about $170,000. Institutional investors own 79.00% of the company’s stock.

Analysts Set New Price Targets

CSR has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Piper Sandler upped their price target on Centerspace from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Centerspace in a report on Monday, December 29th. Royal Bank Of Canada increased their price objective on shares of Centerspace from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $65.00 target price on shares of Centerspace in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.29.

Centerspace Stock Down 0.3%

Shares of CSR opened at $62.41 on Wednesday. Centerspace has a 1 year low of $52.76 and a 1 year high of $69.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.04 and a quick ratio of 0.04. The business’s 50 day simple moving average is $64.65 and its 200-day simple moving average is $62.34. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 62.41 and a beta of 0.79.

Centerspace (NYSE:CSR) last released its earnings results on Tuesday, February 17th. The company reported ($1.10) earnings per share for the quarter, missing the consensus estimate of $1.21 by ($2.31). The company had revenue of $66.62 million for the quarter, compared to the consensus estimate of $69.77 million. Centerspace had a net margin of 6.25% and a return on equity of 2.00%. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, equities analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, March 30th. Centerspace’s dividend payout ratio (DPR) is 308.00%.

About Centerspace

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.