Centerspace (NYSE:CSR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Centerspace (NYSE:CSR) by 7,022.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,519 shares of the company’s stock after purchasing an additional 18,259 shares during the period. GAMMA Investing LLC owned about 0.11% of Centerspace worth $1,199,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in Centerspace by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 14,401 shares of the company’s stock valued at $953,000 after purchasing an additional 268 shares during the last quarter. Phocas Financial Corp. grew its holdings in Centerspace by 8.4% in the fourth quarter. Phocas Financial Corp. now owns 58,483 shares of the company’s stock valued at $3,869,000 after purchasing an additional 4,542 shares during the last quarter. Employees Retirement System of Texas grew its holdings in Centerspace by 59.3% in the fourth quarter. Employees Retirement System of Texas now owns 43,000 shares of the company’s stock valued at $2,844,000 after purchasing an additional 16,000 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Centerspace by 7.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 23,691 shares of the company’s stock valued at $1,567,000 after purchasing an additional 1,621 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in Centerspace by 13.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 113,104 shares of the company’s stock valued at $7,482,000 after purchasing an additional 13,386 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Price Performance

CSR stock opened at $63.34 on Monday. The stock has a 50-day moving average price of $61.10 and a two-hundred day moving average price of $63.12. Centerspace has a 12-month low of $54.13 and a 12-month high of $76.16. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.06 billion, a PE ratio of -49.87 and a beta of 0.75.

Centerspace (NYSE:CSR) last issued its earnings results on Thursday, May 1st. The company reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. The company had revenue of $67.09 million during the quarter, compared to the consensus estimate of $66.70 million. As a group, research analysts predict that Centerspace will post 4.94 EPS for the current year.

Centerspace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 27th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, June 27th. Centerspace’s payout ratio is -275.00%.

Wall Street Analysts Forecast Growth

CSR has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Centerspace from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. UBS Group initiated coverage on Centerspace in a research report on Monday, April 7th. They issued a “neutral” rating and a $67.00 price objective on the stock. Wells Fargo & Company initiated coverage on Centerspace in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $68.00 price objective on the stock. Raymond James upgraded Centerspace from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $66.00 to $69.00 in a research report on Thursday, May 15th. Finally, BMO Capital Markets upgraded Centerspace from a “market perform” rating to an “outperform” rating and set a $77.00 price objective on the stock in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.56.

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.