Entropy Technologies LP Takes Position in Centerspace $CSR

Entropy Technologies LP bought a new position in shares of Centerspace (NYSE:CSR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also added to or reduced their stakes in CSR. Nuveen LLC acquired a new stake in Centerspace during the 1st quarter valued at $13,147,000. Millennium Management LLC raised its position in shares of Centerspace by 307.3% in the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock valued at $11,917,000 after purchasing an additional 138,861 shares during the period. Strs Ohio lifted its stake in shares of Centerspace by 3,025.8% during the 2nd quarter. Strs Ohio now owns 96,900 shares of the company’s stock worth $5,832,000 after buying an additional 93,800 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Centerspace by 131.9% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 133,241 shares of the company’s stock worth $8,020,000 after buying an additional 75,773 shares during the period. Finally, Phocas Financial Corp. boosted its holdings in shares of Centerspace by 120.0% during the 2nd quarter. Phocas Financial Corp. now owns 122,028 shares of the company’s stock worth $7,345,000 after buying an additional 66,565 shares during the period. Institutional investors own 79.00% of the company’s stock.

Analyst Upgrades and Downgrades

CSR has been the subject of several research reports. UBS Group raised their price objective on shares of Centerspace from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Raymond James Financial reiterated a “market perform” rating on shares of Centerspace in a research note on Wednesday, November 12th. Wall Street Zen upgraded Centerspace from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Centerspace in a research report on Tuesday. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Centerspace in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.67.

Centerspace Stock Up 0.2%

NYSE CSR opened at $66.70 on Thursday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.97. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -37.06 and a beta of 0.75. The company has a 50 day moving average of $60.98 and a 200-day moving average of $60.13. Centerspace has a 1-year low of $52.76 and a 1-year high of $74.10.

Centerspace (NYSE:CSR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Centerspace had a negative return on equity of 2.81% and a negative net margin of 9.13%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. On average, equities research analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $3.08 annualized dividend and a yield of 4.6%. Centerspace’s dividend payout ratio is currently 172.07%.

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.