John Schissel Acquires 500 Shares of Centerspace (NYSE:CSR) Stock

Centerspace (NYSE:CSR) Director John Schissel bought 500 shares of Centerspace stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $54.90 per share, for a total transaction of $27,450.00. Following the purchase, the director owned 17,195 shares of the company’s stock, valued at approximately $944,005.50. This trade represents a 2.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Centerspace Stock Up 0.9%

NYSE:CSR opened at $56.92 on Thursday. Centerspace has a twelve month low of $52.76 and a twelve month high of $69.61. The company has a market cap of $956.29 million, a price-to-earnings ratio of 126.49 and a beta of 0.88. The stock has a fifty day simple moving average of $63.58 and a 200-day simple moving average of $63.37. 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 (NYSE:CSR) last issued its earnings results on Monday, May 4th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 2.93% and a return on equity of 0.94%. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Analysts anticipate that Centerspace will post 4.85 EPS for the current year.

Centerspace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, June 29th. Centerspace’s payout ratio is 684.44%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BTIG Research lowered shares of Centerspace from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. UBS Group boosted their price target on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Piper Sandler raised Centerspace from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $72.00 in a research note on Tuesday, April 7th. Royal Bank Of Canada reduced their price objective on Centerspace from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Finally, Weiss Ratings lowered Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Centerspace presently has a consensus rating of “Hold” and an average price target of $68.80.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its position in shares of Centerspace by 57,100.0% in the 4th quarter. Covestor Ltd now owns 572 shares of the company’s stock worth $38,000 after purchasing an additional 571 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Centerspace by 67.4% during the first quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares in the last quarter. Danske Bank A S purchased a new position in Centerspace during the fourth quarter valued at approximately $47,000. Avalon Trust Co increased its holdings in Centerspace by 36.3% during the first quarter. Avalon Trust Co now owns 709 shares of the company’s stock valued at $41,000 after buying an additional 189 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Centerspace in the fourth quarter worth approximately $58,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

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