Strs Ohio Trims Holdings in Centerspace $CSR

Strs Ohio lowered its holdings in shares of Centerspace (NYSE:CSR) by 32.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,400 shares of the company’s stock after selling 31,500 shares during the period. Strs Ohio’s holdings in Centerspace were worth $3,852,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in shares of Centerspace in the second quarter valued at about $29,000. Wolff Wiese Magana LLC increased its position in Centerspace by 897.3% in the 2nd quarter. Wolff Wiese Magana LLC now owns 748 shares of the company’s stock valued at $45,000 after acquiring an additional 673 shares during the period. Versant Capital Management Inc raised its stake in Centerspace by 488.4% during the 3rd 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. lifted its position in 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 acquiring an additional 1,106 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Centerspace by 64.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock worth $136,000 after acquiring an additional 879 shares during the period. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Centerspace from $60.00 to $74.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Centerspace in a research note on Monday, December 29th. Piper Sandler cut their price objective on shares of Centerspace from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Centerspace in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Centerspace has a consensus rating of “Hold” and a consensus target price of $69.86.

Centerspace Price Performance

Centerspace stock opened at $63.86 on Tuesday. The company has a market cap of $1.07 billion, a P/E ratio of 35.68 and a beta of 0.78. Centerspace has a one year low of $52.76 and a one year high of $69.15. The business has a fifty day moving average of $65.63 and a two-hundred day moving average of $61.08. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.18 and a current ratio of 0.18.

Centerspace (NYSE:CSR) last announced 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 net margin of 11.14% and a return on equity of 3.52%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. As a group, analysts predict that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Tuesday, December 30th. Centerspace’s dividend payout ratio (DPR) is presently 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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.