Centerspace (NYSE:CSR) Shares Sold by First International Bank & Trust

First International Bank & Trust decreased its position in shares of Centerspace (NYSE:CSR) by 43.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,860 shares of the company’s stock after selling 3,000 shares during the period. First International Bank & Trust’s holdings in Centerspace were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Centerspace by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 579 shares of the company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Loomis Sayles & Co. L P lifted its position in Centerspace by 3,131.6% during the third quarter. Loomis Sayles & Co. L P now owns 614 shares of the company’s stock worth $43,000 after buying an additional 595 shares during the period. Van ECK Associates Corp boosted its stake in Centerspace by 15.2% in the 3rd quarter. Van ECK Associates Corp now owns 2,626 shares of the company’s stock worth $186,000 after buying an additional 347 shares during the last quarter. Versor Investments LP purchased a new stake in Centerspace in the 3rd quarter valued at about $204,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Centerspace during the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CSR. Wedbush assumed coverage on shares of Centerspace in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $72.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $76.00 price target on shares of Centerspace in a report on Wednesday, October 30th. Finally, Raymond James downgraded Centerspace from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Centerspace has a consensus rating of “Hold” and a consensus target price of $75.33.

Centerspace Trading Down 0.8 %

NYSE CSR opened at $61.49 on Friday. 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 has a one year low of $52.26 and a one year high of $76.16. The company’s 50 day moving average price is $69.29 and its 200 day moving average price is $70.61. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -38.19, a PEG ratio of 2.04 and a beta of 0.91.

Centerspace (NYSE:CSR) last issued its earnings results on Monday, October 28th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($1.57). Centerspace had a negative net margin of 5.57% and a negative return on equity of 1.72%. The business had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $66.35 million. During the same period in the prior year, the business posted $1.20 EPS. On average, sell-side analysts predict that Centerspace will post 4.86 EPS for the current year.

Centerspace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Monday, December 30th. Centerspace’s payout ratio is -186.34%.

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.