Strs Ohio Sells 25,000 Shares of Centerspace $CSR

Strs Ohio decreased its position in Centerspace (NYSE:CSR) by 89.6% in the 1st quarter, HoldingsChannel reports. The fund owned 2,900 shares of the company’s stock after selling 25,000 shares during the period. Strs Ohio’s holdings in Centerspace were worth $167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Centerspace by 57,100.0% during the 4th quarter. Covestor Ltd now owns 572 shares of the company’s stock worth $38,000 after purchasing an additional 571 shares in the last quarter. Danske Bank A S acquired a new position in shares of Centerspace in the fourth quarter valued at $47,000. Kestra Advisory Services LLC acquired a new position in shares of Centerspace in the fourth quarter valued at $58,000. GAMMA Investing LLC lifted its position in Centerspace by 107.0% in the fourth quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock worth $63,000 after purchasing an additional 487 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its stake in Centerspace by 26.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock worth $89,000 after buying an additional 280 shares in the last quarter. Institutional investors own 79.00% of the company’s stock.

Insider Activity at Centerspace

In other Centerspace news, Director Rodney Jones-Tyson acquired 1,700 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $55.26 per share, for a total transaction of $93,942.00. Following the completion of the acquisition, the director directly owned 7,877 shares of the company’s stock, valued at approximately $435,283.02. This represents a 27.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Schissel purchased 500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $54.90 per share, for a total transaction of $27,450.00. Following the purchase, the director owned 17,195 shares in the company, valued at $944,005.50. This trade represents a 2.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.49% of the company’s stock.

Centerspace Price Performance

Shares of NYSE:CSR opened at $55.57 on Monday. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03. The company’s fifty day moving average is $61.43 and its 200-day moving average is $62.71. The company has a market capitalization of $933.74 million, a PE ratio of 123.49 and a beta of 0.89.

Centerspace (NYSE:CSR) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.48). Centerspace had a return on equity of 0.94% and a net margin of 2.93%.The firm had revenue of $65.07 million for the quarter, compared to analyst estimates of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Equities research analysts predict that Centerspace will post 4.85 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Monday, June 29th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.5%. Centerspace’s dividend payout ratio (DPR) is currently 684.44%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Centerspace from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Piper Sandler raised shares of Centerspace from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Royal Bank Of Canada lowered their target price on shares of Centerspace from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Finally, Weiss Ratings cut shares of Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.80.

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.