Centerspace (NYSE:CSR) Director Rodney Jones-Tyson Buys 1,700 Shares of Stock

Centerspace (NYSE:CSR) Director Rodney Jones-Tyson purchased 1,700 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the completion of the purchase, the director directly owned 7,877 shares of the company’s stock, valued at $435,283.02. This represents a 27.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Centerspace Stock Performance

NYSE:CSR traded up $0.52 during mid-day trading on Wednesday, reaching $56.92. 130,491 shares of the company’s stock were exchanged, compared to its average volume of 138,440. Centerspace has a one year low of $52.76 and a one year 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 fifty day simple moving average is $63.70 and its two-hundred day simple moving average is $63.42. The firm has a market capitalization of $956.29 million, a PE ratio of 126.49 and a beta of 0.88.

Centerspace (NYSE:CSR) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.77) earnings per share (EPS) 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 business had revenue of $65.07 million during the quarter, compared to the consensus estimate of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Analysts anticipate that Centerspace will post 4.85 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, June 29th. Centerspace’s payout ratio is presently 684.44%.

Wall Street Analyst Weigh In

CSR has been the topic of a number of recent research reports. Wall Street Zen upgraded Centerspace from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. UBS Group upped their target price on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings lowered Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Wells Fargo & Company raised their price target on Centerspace from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, Piper Sandler raised Centerspace from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $72.00 in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.80.

Hedge Funds Weigh In On Centerspace

A number of institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC lifted its position in shares of Centerspace by 67.4% during the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock worth $36,000 after buying an additional 252 shares during the last quarter. Covestor Ltd grew its position in Centerspace by 57,100.0% in the fourth quarter. Covestor Ltd now owns 572 shares of the company’s stock valued at $38,000 after acquiring an additional 571 shares during the last quarter. Avalon Trust Co grew its position in Centerspace by 36.3% in the first quarter. Avalon Trust Co now owns 709 shares of the company’s stock valued at $41,000 after acquiring an additional 189 shares during the last quarter. Danske Bank A S acquired a new position in Centerspace during the fourth quarter worth about $47,000. Finally, Kestra Advisory Services LLC acquired a new position in Centerspace during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

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.