Pensionfund PDN Makes New $719,000 Investment in Centerspace $CSR

Pensionfund PDN purchased a new stake in Centerspace (NYSE:CSR) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,780 shares of the company’s stock, valued at approximately $719,000. Pensionfund PDN owned 0.06% of Centerspace at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in Centerspace by 199.5% during the first 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 raised its holdings in Centerspace by 32.5% in the first quarter. AQR Capital Management LLC now owns 4,891 shares of the company’s stock worth $317,000 after purchasing an additional 1,200 shares in the last quarter. 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 worth $958,000 after purchasing an additional 287 shares in the last quarter. Millennium Management LLC lifted its position in shares of Centerspace by 307.3% during the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock valued at $11,917,000 after buying an additional 138,861 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Centerspace by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company’s stock valued at $8,979,000 after buying an additional 20,992 shares during the last quarter. 79.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CSR shares. Wall Street Zen downgraded shares of Centerspace from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Centerspace in a research report on Monday, December 29th. Royal Bank Of Canada raised their target price on shares of Centerspace from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price target on shares of Centerspace in a research report on Monday, January 5th. Finally, Wells Fargo & Company decreased their price objective on Centerspace from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.57.

Centerspace Trading Up 2.0%

Centerspace stock opened at $58.20 on Tuesday. The stock has a 50-day moving average price of $63.06 and a 200 day moving average price of $62.66. The company has a market capitalization of $976.20 million, a price-to-earnings ratio of 58.20 and a beta of 0.79. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.15. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.86.

Centerspace (NYSE:CSR) last issued its quarterly 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). Centerspace had a return on equity of 2.00% and a net margin of 6.25%.The business 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. Sell-side analysts anticipate that Centerspace will post 4.94 EPS for the current year.

Centerspace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be paid a $0.77 dividend. The ex-dividend date is Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.3%. Centerspace’s dividend payout ratio is presently 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.