7,418 Shares in Centerspace $CSR Purchased by Rock Creek Group LP

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

A number of other hedge funds have also made changes to their positions in CSR. Royal Bank of Canada increased its position in shares of Centerspace by 199.5% during the 1st quarter. Royal Bank of Canada now owns 15,720 shares of the company’s stock worth $1,019,000 after purchasing an additional 10,472 shares in the last quarter. AQR Capital Management LLC increased its position in Centerspace by 32.5% in the 1st quarter. AQR Capital Management LLC now owns 4,891 shares of the company’s stock valued at $317,000 after acquiring an additional 1,200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Centerspace by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after acquiring an additional 287 shares in the last quarter. Millennium Management LLC increased its position in Centerspace by 307.3% in the 1st quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock valued at $11,917,000 after acquiring an additional 138,861 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Centerspace by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company’s stock valued at $8,979,000 after acquiring an additional 20,992 shares in the last quarter. 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. Centerspace has a one year low of $52.76 and a one year high of $69.61. The company has a 50 day moving average of $64.11 and a 200-day moving average of $64.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 149.87 and a beta of 0.89.

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

Wall Street Analyst Weigh In

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

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.