WINTON GROUP Ltd Invests $1.69 Million in Centerspace $CSR

WINTON GROUP Ltd acquired a new position in shares of Centerspace (NYSE:CSR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,716 shares of the company’s stock, valued at approximately $1,691,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Centerspace by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 435,025 shares of the company’s stock valued at $26,185,000 after buying an additional 4,090 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Centerspace by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 241,651 shares of the company’s stock worth $14,232,000 after acquiring an additional 4,707 shares during the last quarter. Pacific Heights Asset Management LLC lifted its position in shares of Centerspace by 12.5% in the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $13,252,000 after acquiring an additional 25,000 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Centerspace by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 224,583 shares of the company’s stock valued at $13,228,000 after acquiring an additional 21,337 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Centerspace by 307.3% during the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock valued at $11,917,000 after acquiring an additional 138,861 shares during the last quarter. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSR. Raymond James Financial reiterated a “market perform” rating on shares of Centerspace in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Centerspace in a research note on Monday, December 29th. Wall Street Zen lowered shares of Centerspace from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. UBS Group upped their price objective on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Piper Sandler raised their target price on shares of Centerspace from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Centerspace currently has an average rating of “Hold” and an average price target of $69.57.

Centerspace Price Performance

Shares of NYSE:CSR opened at $61.52 on Wednesday. The company has a market cap of $1.03 billion, a P/E ratio of 61.52 and a beta of 0.79. The business has a fifty day simple moving average of $64.19 and a 200-day simple moving average of $62.55. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.15. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.86.

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

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Monday, March 30th. Centerspace’s dividend payout ratio is presently 308.00%.

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.