Centerspace (NYSE:CSR) Director Buys $27,450.00 in Stock

Centerspace (NYSE:CSR) Director John Schissel bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average cost of $54.90 per share, with a total value of $27,450.00. Following the purchase, the director directly owned 17,195 shares of the company’s stock, valued at $944,005.50. This trade represents a 2.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Centerspace Price Performance

Shares of CSR opened at $56.66 on Friday. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03. The business’s 50 day moving average price is $63.46 and its two-hundred day moving average price is $63.32. The firm has a market cap of $951.87 million, a PE ratio of 125.91 and a beta of 0.88.

Centerspace (NYSE:CSR) last announced its quarterly earnings data 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 company 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, equities analysts anticipate that Centerspace will post 4.85 EPS for the current year.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th will be issued a dividend of $0.77 per share. The ex-dividend date is Monday, June 29th. This represents a $3.08 annualized dividend and a dividend yield of 5.4%. Centerspace’s dividend payout ratio is currently 684.44%.

Institutional Trading of Centerspace

Large investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new stake in shares of Centerspace during the 3rd quarter worth approximately $1,691,000. JPMorgan Chase & Co. lifted its stake in Centerspace by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 224,583 shares of the company’s stock valued at $13,228,000 after purchasing an additional 21,337 shares during the last quarter. Land & Buildings Investment Management LLC lifted its stake in Centerspace by 96.4% in the third quarter. Land & Buildings Investment Management LLC now owns 599,252 shares of the company’s stock valued at $35,296,000 after purchasing an additional 294,086 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in Centerspace during the fourth quarter valued at $3,163,000. Finally, Voss Capital LP purchased a new stake in Centerspace in the fourth quarter worth $22,068,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSR. UBS Group raised their target price on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada cut their price target on Centerspace from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Weiss Ratings downgraded Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Finally, Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.80.

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.