Vanguard Group Inc. Lowers Position in Centerspace $CSR

Vanguard Group Inc. lessened its holdings in Centerspace (NYSE:CSR) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,558,409 shares of the company’s stock after selling 53,083 shares during the period. Vanguard Group Inc. owned about 0.15% of Centerspace worth $150,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CSR. Hantz Financial Services Inc. raised its stake in Centerspace by 998.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock valued at $39,000 after purchasing an additional 599 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Centerspace by 488.4% in the third quarter. Versant Capital Management Inc now owns 1,630 shares of the company’s stock valued at $96,000 after acquiring an additional 1,353 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Centerspace by 103.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,176 shares of the company’s stock worth $131,000 after purchasing an additional 1,106 shares during the period. Tower Research Capital LLC TRC boosted its stake in Centerspace by 64.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock worth $136,000 after buying an additional 879 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Centerspace in the 3rd quarter valued at approximately $170,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Trading Down 0.3%

CSR opened at $62.41 on Wednesday. The firm’s fifty day moving average price is $64.65 and its 200 day moving average price is $62.34. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.15. The stock has a market capitalization of $1.05 billion, a PE ratio of 62.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.04 and a quick ratio of 0.04.

Centerspace (NYSE:CSR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($2.31). Centerspace had a net margin of 6.25% and a return on equity of 2.00%. The firm had revenue of $66.62 million for the quarter, compared to analyst estimates of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, research analysts expect that Centerspace will post 4.94 EPS for the current fiscal year.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, March 30th. Centerspace’s dividend payout ratio is currently 308.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Centerspace in a report on Monday, December 29th. Raymond James Financial restated a “market perform” rating on shares of Centerspace in a research report on Wednesday, November 12th. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 price target on shares of Centerspace in a research note on Monday, January 5th. UBS Group increased their target price on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Wall Street Zen cut shares of Centerspace from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Centerspace presently has an average rating of “Hold” and an average target price of $70.29.

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.