Pacific Heights Asset Management LLC Buys 50,000 Shares of Centerspace $CSR

Pacific Heights Asset Management LLC grew its stake in Centerspace (NYSE:CSR) by 22.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Pacific Heights Asset Management LLC owned approximately 1.65% of Centerspace worth $18,348,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in shares of Centerspace by 998.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock worth $39,000 after acquiring an additional 599 shares during the last quarter. Danske Bank A S bought a new stake in shares of Centerspace in the 4th quarter worth about $47,000. GAMMA Investing LLC lifted its holdings in shares of Centerspace by 107.0% in the 4th quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock worth $63,000 after acquiring an additional 487 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Centerspace by 488.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,630 shares of the company’s stock worth $96,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted 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 acquiring an additional 879 shares during the last quarter. Institutional investors own 79.00% of the company’s stock.

Centerspace Trading Up 0.1%

Shares of CSR opened at $67.02 on Monday. Centerspace has a 1-year low of $52.76 and a 1-year high of $69.61. The company has a 50-day moving average of $62.97 and a 200 day moving average of $63.88. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 148.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.03 and a quick ratio of 0.03.

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

Centerspace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were issued a dividend of $0.77 per share. The ex-dividend date was Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a yield of 4.6%. Centerspace’s dividend payout ratio (DPR) is presently 684.44%.

Analyst Ratings Changes

CSR has been the subject of several analyst reports. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday. Weiss Ratings upgraded shares of Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. UBS Group raised their target price on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday. Piper Sandler upgraded shares of Centerspace from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada raised their target price on shares of Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Centerspace presently has a consensus rating of “Hold” and a consensus price target 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.