Voss Capital LP Invests $22.07 Million in Centerspace $CSR

Voss Capital LP bought a new position in shares of Centerspace (NYSE:CSR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 330,751 shares of the company’s stock, valued at approximately $22,068,000. Centerspace accounts for about 1.1% of Voss Capital LP’s investment portfolio, making the stock its 19th largest holding. Voss Capital LP owned approximately 1.98% of Centerspace at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CSR. Doliver Advisors LP lifted its stake in Centerspace by 3.0% in the fourth quarter. Doliver Advisors LP now owns 5,930 shares of the company’s stock worth $396,000 after acquiring an additional 170 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Centerspace by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 17,657 shares of the company’s stock worth $1,176,000 after acquiring an additional 212 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in Centerspace by 3.7% in the second quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock worth $414,000 after acquiring an additional 247 shares during the last quarter. Capital Square LLC lifted its stake in Centerspace by 3.0% in the third quarter. Capital Square LLC now owns 8,620 shares of the company’s stock worth $508,000 after acquiring an additional 253 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its stake in Centerspace by 26.5% in the fourth 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 during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSR. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Royal Bank Of Canada decreased their price target on shares of Centerspace from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Wells Fargo & Company lifted their price target 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. UBS Group boosted their price objective on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $68.80.

Centerspace Stock Up 0.7%

Shares of NYSE:CSR opened at $58.14 on Friday. The company has a market capitalization of $976.82 million, a PE ratio of 129.21 and a beta of 0.88. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.88. Centerspace has a twelve month low of $52.76 and a twelve month high of $69.61. The firm has a 50 day simple moving average of $64.41 and a 200-day simple moving average of $63.96.

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

Centerspace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Monday, June 29th will be given a $0.77 dividend. The ex-dividend date is Monday, June 29th. This represents a $3.08 annualized dividend and a yield of 5.3%. Centerspace’s dividend payout ratio is 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.