22,495 Shares in Centerspace (NYSE:CSR) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Centerspace (NYSE:CSR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,495 shares of the company's stock, valued at approximately $1,488,000. Teacher Retirement System of Texas owned approximately 0.14% of Centerspace at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Yousif Capital Management LLC boosted its stake in Centerspace by 4.6% in the 4th quarter. Yousif Capital Management LLC now owns 6,226 shares of the company's stock worth $412,000 after purchasing an additional 276 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Centerspace by 8.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,861 shares of the company's stock valued at $255,000 after purchasing an additional 300 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Centerspace by 370.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock worth $25,000 after buying an additional 300 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Centerspace by 3.4% during the third quarter. MetLife Investment Management LLC now owns 9,091 shares of the company's stock valued at $641,000 after buying an additional 303 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Centerspace by 7.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,400 shares of the company's stock valued at $357,000 after buying an additional 368 shares during the period. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Centerspace Stock Up 0.4 %

Shares of Centerspace stock traded up $0.27 during midday trading on Wednesday, reaching $64.58. 53,605 shares of the company's stock traded hands, compared to its average volume of 110,177. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.05 and a current ratio of 0.04. Centerspace has a 52 week low of $54.90 and a 52 week high of $76.16. The company's 50 day simple moving average is $63.37 and its 200 day simple moving average is $67.18. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -50.85 and a beta of 0.91.

Centerspace (NYSE:CSR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $1.36. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. The company had revenue of $66.41 million for the quarter, compared to analyst estimates of $65.96 million. Equities analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 28th will be issued a $0.77 dividend. This is a positive change from Centerspace's previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Friday, March 28th. Centerspace's payout ratio is -242.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSR shares. Wedbush initiated coverage on Centerspace in a research report on Tuesday, December 17th. They set a "neutral" rating and a $72.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Centerspace in a report on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 price target for the company. Royal Bank of Canada increased their target price on shares of Centerspace from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Janney Montgomery Scott upgraded shares of Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $73.63.

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.