Quadrature Capital Ltd Buys New Position in Centerspace (NYSE:CSR)

Quadrature Capital Ltd purchased a new stake in shares of Centerspace (NYSE:CSR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,239 shares of the company's stock, valued at approximately $510,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Centerspace by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 579 shares of the company's stock worth $41,000 after buying an additional 150 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Centerspace during the 2nd quarter valued at approximately $42,000. Loomis Sayles & Co. L P lifted its position in Centerspace by 3,131.6% in the third quarter. Loomis Sayles & Co. L P now owns 614 shares of the company's stock worth $43,000 after buying an additional 595 shares during the last quarter. Van ECK Associates Corp boosted its stake in Centerspace by 15.2% during the third quarter. Van ECK Associates Corp now owns 2,626 shares of the company's stock worth $186,000 after buying an additional 347 shares during the period. Finally, Versor Investments LP bought a new position in Centerspace during the third quarter valued at $204,000. Hedge funds and other institutional investors own 79.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on CSR. BTIG Research upped their price target on shares of Centerspace from $69.00 to $79.00 and gave the company a "buy" rating in a report on Monday, August 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $76.00 price target on shares of Centerspace in a report on Wednesday, October 30th. Finally, Raymond James cut Centerspace from an "outperform" rating to a "market perform" rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Centerspace currently has a consensus rating of "Hold" and a consensus price target of $76.00.

Centerspace Trading Up 0.3 %

NYSE:CSR traded up $0.18 during midday trading on Monday, hitting $70.18. The stock had a trading volume of 116,129 shares, compared to its average volume of 104,528. The stock has a 50-day moving average of $71.29 and a 200 day moving average of $70.88. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -43.52, a PEG ratio of 2.06 and a beta of 0.89. Centerspace has a one year low of $52.26 and a one year high of $76.16. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.70.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of $1.17 by ($1.57). The firm had revenue of $65.03 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the business posted $1.20 EPS. As a group, sell-side analysts forecast that Centerspace will post 4.86 EPS for the current year.

Centerspace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.27%. Centerspace's dividend payout ratio is presently -186.34%.

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.