Centerspace $CSR Shares Sold by Strs Ohio

Strs Ohio reduced its stake in Centerspace (NYSE:CSR) by 32.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,400 shares of the company’s stock after selling 31,500 shares during the period. Strs Ohio owned approximately 0.39% of Centerspace worth $3,852,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in Centerspace by 199.5% in the 1st quarter. Royal Bank of Canada now owns 15,720 shares of the company’s stock valued at $1,019,000 after purchasing an additional 10,472 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Centerspace by 32.5% during the first quarter. AQR Capital Management LLC now owns 4,891 shares of the company’s stock worth $317,000 after buying an additional 1,200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Centerspace by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after acquiring an additional 287 shares in the last quarter. Millennium Management LLC raised its holdings in Centerspace by 307.3% in the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock valued at $11,917,000 after acquiring an additional 138,861 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Centerspace by 17.8% in the first quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company’s stock worth $8,979,000 after acquiring an additional 20,992 shares during the last quarter. 79.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CSR. Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Wells Fargo & Company increased their target price on Centerspace from $60.00 to $74.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Raymond James Financial restated a “market perform” rating on shares of Centerspace in a research note on Wednesday, November 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price target on shares of Centerspace in a report on Monday, January 5th. Finally, UBS Group increased their price objective on Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.86.

Centerspace Price Performance

Shares of NYSE:CSR opened at $63.86 on Tuesday. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.15. The firm has a market capitalization of $1.07 billion, a P/E ratio of 35.68 and a beta of 0.78. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.18 and a quick ratio of 0.18. The company’s fifty day moving average price is $65.63 and its 200 day moving average price is $61.08.

Centerspace (NYSE:CSR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.03). Centerspace had a return on equity of 3.52% and a net margin of 11.14%.Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. As a group, sell-side analysts predict that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $3.08 annualized dividend and a yield of 4.8%. Centerspace’s payout ratio is 172.07%.

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.