Short Interest in Centerspace (NYSE:CSR) Declines By 57.6%

Centerspace (NYSE:CSR) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 482,928 shares, a drop of 57.6% from the December 31st total of 1,139,372 shares. Based on an average daily volume of 140,108 shares, the short-interest ratio is currently 3.4 days. Currently, 2.9% of the shares of the company are short sold. Currently, 2.9% of the shares of the company are short sold. Based on an average daily volume of 140,108 shares, the short-interest ratio is currently 3.4 days.

Hedge Funds Weigh In On Centerspace

Large investors have recently bought and sold shares of the company. Doliver Advisors LP raised its holdings in Centerspace by 3.0% in the 4th quarter. Doliver Advisors LP now owns 5,930 shares of the company’s stock valued at $396,000 after buying an additional 170 shares during the last quarter. Amalgamated Bank grew its stake in shares of Centerspace by 4.1% in the third quarter. Amalgamated Bank now owns 4,927 shares of the company’s stock worth $290,000 after purchasing an additional 194 shares during the last quarter. State of Alaska Department of Revenue raised its position in Centerspace by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 17,657 shares of the company’s stock worth $1,176,000 after purchasing an additional 212 shares during the last quarter. State of Tennessee Department of Treasury grew its position in shares of Centerspace by 3.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock valued at $414,000 after buying an additional 247 shares during the last quarter. Finally, Capital Square LLC grew its position in shares of Centerspace by 3.0% in the 3rd quarter. Capital Square LLC now owns 8,620 shares of the company’s stock valued at $508,000 after buying an additional 253 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors.

Centerspace Price Performance

NYSE CSR traded up $0.29 on Thursday, hitting $64.26. 115,076 shares of the company’s stock were exchanged, compared to its average volume of 140,057. The stock has a 50-day moving average of $65.51 and a 200-day moving average of $61.14. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 35.90 and a beta of 0.78. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.15. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.96.

Centerspace (NYSE:CSR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). Centerspace had a return on equity of 3.52% and a net margin of 11.14%.Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. Analysts expect that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were paid 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 of this dividend was Tuesday, December 30th. Centerspace’s payout ratio is presently 172.07%.

Analyst Ratings Changes

Several research analysts have recently commented on CSR shares. Wells Fargo & Company lifted their target price on Centerspace from $60.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Raymond James Financial restated a “market perform” rating on shares of Centerspace in a research report on Wednesday, November 12th. UBS Group boosted their price target on Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Centerspace in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.86.

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.