Versor Investments LP Acquires Shares of 2,900 Centerspace (NYSE:CSR)

Versor Investments LP bought a new position in shares of Centerspace (NYSE:CSR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,900 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in Centerspace in the 1st quarter worth approximately $173,000. Texas Permanent School Fund Corp lifted its stake in shares of Centerspace by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 13,174 shares of the company’s stock valued at $753,000 after acquiring an additional 176 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Centerspace by 20.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 5,214 shares of the company’s stock valued at $285,000 after acquiring an additional 900 shares during the last quarter. Vanguard Group Inc. increased its position in Centerspace by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,401,497 shares of the company’s stock worth $137,222,000 after purchasing an additional 9,984 shares during the period. Finally, UniSuper Management Pty Ltd raised its holdings in Centerspace by 199.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 12,785 shares of the company’s stock worth $731,000 after purchasing an additional 8,515 shares during the last quarter. 79.00% of the stock is owned by institutional investors.

Centerspace Trading Up 0.2 %

CSR opened at $72.52 on Friday. The firm’s fifty day moving average is $71.64 and its two-hundred day moving average is $70.55. The firm has a market cap of $1.20 billion, a PE ratio of -45.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.89. Centerspace has a twelve month low of $52.26 and a twelve month high of $76.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05.

Centerspace (NYSE:CSR) last issued its quarterly earnings data on Monday, October 28th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of $1.17 by ($1.57). Centerspace had a negative return on equity of 1.72% and a negative net margin of 5.57%. The business had revenue of $65.03 million for the quarter, compared to analyst estimates of $66.35 million. During the same period in the previous year, the business posted $1.20 EPS. Equities research analysts anticipate that Centerspace will post 4.85 EPS for the current year.

Centerspace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were given a $0.75 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 4.14%. Centerspace’s dividend payout ratio is presently -186.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CSR shares. BTIG Research lifted their price target on shares of Centerspace from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Raymond James lowered shares of Centerspace from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Piper Sandler increased their price target on Centerspace from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $76.00 price objective on shares of Centerspace in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.00.

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.