Rock Creek Group LP Invests $495,000 in Centerspace $CSR

Rock Creek Group LP purchased a new position in shares of Centerspace (NYSE:CSR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,418 shares of the company’s stock, valued at approximately $495,000.

Several other institutional investors also recently modified their holdings of the business. Doliver Advisors LP grew its position in shares of Centerspace by 3.0% during the 4th quarter. Doliver Advisors LP now owns 5,930 shares of the company’s stock worth $396,000 after buying an additional 170 shares during the period. State of Alaska Department of Revenue grew its position in shares of 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 buying an additional 212 shares during the period. State of Tennessee Department of Treasury boosted its stake in Centerspace by 3.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock worth $414,000 after acquiring an additional 247 shares during the last quarter. Capital Square LLC grew its holdings in Centerspace by 3.0% during the third quarter. Capital Square LLC now owns 8,620 shares of the company’s stock valued at $508,000 after purchasing an additional 253 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Centerspace by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after purchasing an additional 287 shares during the period. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Stock Down 0.4%

Shares of NYSE CSR opened at $67.44 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of 149.87 and a beta of 0.89. The firm has a 50 day moving average price of $64.11 and a 200 day moving average price of $64.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.61.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSR. UBS Group boosted their price objective on shares of Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Royal Bank Of Canada boosted their price objective on shares of Centerspace from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Centerspace presently has an average rating of “Hold” and a consensus price target of $69.40.

About Centerspace

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.