21,196 Shares in Centerspace $CSR Bought by Capstone Wealth Management Inc.

Capstone Wealth Management Inc. purchased a new position in Centerspace (NYSE:CSR) during the fourth quarter, Holdings Channel reports. The firm purchased 21,196 shares of the company’s stock, valued at approximately $1,397,000. Centerspace accounts for 1.2% of Capstone Wealth Management Inc.’s portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSR. Covestor Ltd grew its stake in Centerspace by 57,100.0% during the fourth quarter. Covestor Ltd now owns 572 shares of the company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. Danske Bank A S acquired a new position in shares of Centerspace in the 4th quarter valued at approximately $47,000. Kestra Advisory Services LLC bought a new stake in shares of Centerspace during the 4th quarter worth approximately $58,000. GAMMA Investing LLC lifted its holdings in shares of Centerspace by 107.0% during the 4th quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock worth $63,000 after acquiring an additional 487 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its position in shares of Centerspace by 26.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock worth $89,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSR. Piper Sandler raised Centerspace from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $72.00 in a research note on Tuesday, April 7th. Royal Bank Of Canada reduced their price target on shares of Centerspace from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. BTIG Research downgraded shares of Centerspace from a “buy” rating to a “neutral” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Centerspace from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, UBS Group upped their price target on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Centerspace has an average rating of “Hold” and a consensus price target of $68.80.

Centerspace Trading Up 1.0%

Shares of NYSE CSR opened at $55.46 on Friday. The firm has a 50 day moving average price of $64.09 and a two-hundred day moving average price of $63.64. The stock has a market cap of $931.71 million, a P/E ratio of 123.24 and a beta of 0.88. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03.

Centerspace (NYSE:CSR) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.48). Centerspace had a return on equity of 0.94% and a net margin of 2.93%.The business had revenue of $65.07 million for the quarter, compared to analyst estimates of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, equities analysts forecast that Centerspace will post 4.85 EPS for the current year.

Centerspace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $3.08 annualized dividend and a yield of 5.6%. Centerspace’s payout ratio is presently 684.44%.

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.