Centerspace $CSR Shares Purchased by Arkhouse Management Co. LP

Arkhouse Management Co. LP boosted its holdings in Centerspace (NYSE:CSR) by 201.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,289 shares of the company’s stock after purchasing an additional 12,899 shares during the quarter. Centerspace comprises 3.1% of Arkhouse Management Co. LP’s holdings, making the stock its 2nd largest holding. Arkhouse Management Co. LP owned 0.12% of Centerspace worth $1,136,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CSR. Hantz Financial Services Inc. raised its stake in shares of Centerspace by 998.3% in the third quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock worth $39,000 after purchasing an additional 599 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Centerspace by 488.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,630 shares of the company’s stock worth $96,000 after purchasing an additional 1,353 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Centerspace by 103.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,176 shares of the company’s stock worth $131,000 after purchasing an additional 1,106 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Centerspace by 64.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock worth $136,000 after buying an additional 879 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Centerspace during the third quarter valued at about $170,000. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSR has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price on Centerspace from $66.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Cantor Fitzgerald restated a “neutral” rating and set a $65.00 target price on shares of Centerspace in a research report on Monday, January 5th. Wells Fargo & Company cut their price target on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, March 5th. Royal Bank Of Canada increased their price target on shares of Centerspace from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Finally, UBS Group raised their price objective on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.57.

Centerspace Price Performance

CSR stock opened at $61.97 on Friday. The company has a fifty day simple moving average of $63.93 and a two-hundred day simple moving average of $62.58. 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 has a 52 week low of $52.76 and a 52 week high of $69.15. The firm has a market capitalization of $1.04 billion, a P/E ratio of 61.97 and a beta of 0.79.

Centerspace (NYSE:CSR) last issued 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 firm had revenue of $66.62 million during the quarter, compared to analysts’ expectations of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Analysts anticipate that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be given a dividend of $0.77 per share. The ex-dividend date is Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.0%. Centerspace’s dividend payout ratio (DPR) is 308.00%.

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.