Centerspace $CSR Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC decreased its position in shares of Centerspace (NYSE:CSR) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 123,279 shares of the company’s stock after selling 9,962 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 0.74% of Centerspace worth $7,261,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have issued reports on CSR. Raymond James Financial reissued a “market perform” rating on shares of Centerspace in a research note on Wednesday, November 12th. Piper Sandler upped their price objective on shares of Centerspace from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Wells Fargo & Company cut their price objective on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Wall Street Zen cut shares of Centerspace from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Finally, UBS Group upped their price target on shares of Centerspace from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $69.57.

Centerspace Price Performance

CSR stock opened at $62.57 on Thursday. The company has a market cap of $1.05 billion, a PE ratio of 62.57 and a beta of 0.79. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $64.10 and a two-hundred day moving average price of $62.55. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.15.

Centerspace (NYSE:CSR) last released its quarterly earnings data 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). Centerspace had a net margin of 6.25% and a return on equity of 2.00%. The firm had revenue of $66.62 million during the quarter, compared to analyst estimates of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, research analysts predict that Centerspace will post 4.94 EPS for the current year.

Centerspace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, March 30th. Centerspace’s payout ratio is 308.00%.

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