Centerspace $CSR Shares Bought by Strs Ohio

Strs Ohio grew its holdings in shares of Centerspace (NYSE:CSR) by 3,025.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,900 shares of the company’s stock after purchasing an additional 93,800 shares during the period. Strs Ohio’s holdings in Centerspace were worth $5,832,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hilltop National Bank bought a new position in shares of Centerspace during the second quarter worth about $29,000. Wolff Wiese Magana LLC grew its position in shares of Centerspace by 897.3% during the second quarter. Wolff Wiese Magana LLC now owns 748 shares of the company’s stock worth $45,000 after acquiring an additional 673 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Centerspace during the first quarter worth about $86,000. CWM LLC grew its position in shares of Centerspace by 3,235.3% during the second quarter. CWM LLC now owns 2,268 shares of the company’s stock worth $137,000 after acquiring an additional 2,200 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in shares of Centerspace by 27.2% during the second quarter. KLP Kapitalforvaltning AS now owns 3,740 shares of the company’s stock worth $228,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 79.00% of the company’s stock.

Insider Buying and Selling at Centerspace

In other Centerspace news, CEO Anne Olson purchased 750 shares of the business’s stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $55.10 per share, with a total value of $41,325.00. Following the acquisition, the chief executive officer owned 19,496 shares of the company’s stock, valued at $1,074,229.60. The trade was a 4.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John A. Schissel purchased 500 shares of the business’s stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $54.00 per share, with a total value of $27,000.00. Following the completion of the acquisition, the director directly owned 14,398 shares in the company, valued at $777,492. The trade was a 3.60% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 1,750 shares of company stock valued at $95,325. 0.44% of the stock is owned by insiders.

Centerspace Stock Performance

Shares of CSR opened at $59.23 on Monday. The firm has a 50-day moving average price of $58.93 and a 200 day moving average price of $59.59. The firm has a market capitalization of $992.43 million, a PE ratio of -32.90 and a beta of 0.73. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.97. Centerspace has a 52-week low of $52.76 and a 52-week high of $75.92.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, August 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. The firm had revenue of $68.55 million during the quarter, compared to analyst estimates of $67.89 million. Centerspace had a negative net margin of 9.13% and a negative return on equity of 2.81%. On average, sell-side analysts anticipate that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Monday, September 29th. Centerspace’s dividend payout ratio is presently -171.11%.

Analyst Ratings Changes

Several equities analysts have recently commented on CSR shares. Cantor Fitzgerald started coverage on shares of Centerspace in a research report on Wednesday, October 1st. They set a “neutral” rating and a $62.00 price target for the company. Wells Fargo & Company lowered their price target on shares of Centerspace from $68.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Centerspace in a research report on Wednesday, October 8th. UBS Group lowered their price target on shares of Centerspace from $67.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, July 15th. Finally, Wall Street Zen lowered shares of Centerspace from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Centerspace presently has a consensus rating of “Hold” and a consensus target price of $68.00.

Centerspace Company 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.