Janus Henderson Group PLC Sells 71,363 Shares of Centerspace (NYSE:CSR)

Janus Henderson Group PLC reduced its holdings in shares of Centerspace (NYSE:CSR - Free Report) by 91.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,290 shares of the company's stock after selling 71,363 shares during the quarter. Janus Henderson Group PLC's holdings in Centerspace were worth $443,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CSR. Intech Investment Management LLC purchased a new position in shares of Centerspace in the third quarter valued at $403,000. Captrust Financial Advisors acquired a new stake in shares of Centerspace during the third quarter worth $234,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Centerspace by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 275,511 shares of the company's stock worth $19,415,000 after acquiring an additional 23,839 shares during the period. Millennium Management LLC increased its holdings in shares of Centerspace by 377.3% in the 2nd quarter. Millennium Management LLC now owns 43,604 shares of the company's stock worth $2,949,000 after acquiring an additional 34,469 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of Centerspace in the 3rd quarter worth about $746,000. 79.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSR. Raymond James lowered shares of Centerspace from an "outperform" rating to a "market perform" rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $76.00 target price on shares of Centerspace in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Centerspace currently has an average rating of "Hold" and an average price target of $76.00.

Centerspace Stock Down 0.0 %

Shares of NYSE CSR traded down $0.02 during mid-day trading on Monday, reaching $69.43. The company had a trading volume of 151,278 shares, compared to its average volume of 104,444. The stock has a fifty day moving average of $71.21 and a two-hundred day moving average of $70.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -43.12, a PEG ratio of 2.05 and a beta of 0.89. Centerspace has a 12-month low of $52.26 and a 12-month high of $76.16.

Centerspace (NYSE:CSR - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of $1.17 by ($1.57). The business had revenue of $65.03 million for the quarter, compared to the consensus estimate of $66.35 million. Centerspace had a negative net margin of 5.57% and a negative return on equity of 1.72%. During the same period in the previous year, the business posted $1.20 EPS. As a group, equities research analysts expect that Centerspace will post 4.86 EPS for the current year.

Centerspace Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, December 30th. Centerspace's dividend payout ratio is -186.34%.

Centerspace 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.