UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.60 Million Stock Position in Centerspace (NYSE:CSR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Centerspace (NYSE:CSR - Free Report) by 295.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 107,820 shares of the company's stock after purchasing an additional 80,566 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Centerspace worth $7,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSR. Intech Investment Management LLC bought a new position in Centerspace in the 3rd quarter worth approximately $403,000. Price T Rowe Associates Inc. MD raised its position in shares of Centerspace by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,191 shares of the company's stock worth $697,000 after acquiring an additional 652 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Centerspace by 377.3% during the second quarter. Millennium Management LLC now owns 43,604 shares of the company's stock valued at $2,949,000 after acquiring an additional 34,469 shares during the period. Cerity Partners LLC bought a new position in Centerspace in the third quarter valued at about $746,000. Finally, Charles Schwab Investment Management Inc. increased its position in Centerspace by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 275,511 shares of the company's stock worth $19,415,000 after purchasing an additional 23,839 shares during the period. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Centerspace Trading Down 0.3 %

CSR stock traded down $0.22 during midday trading on Tuesday, hitting $69.85. 74,733 shares of the company's stock were exchanged, compared to its average volume of 104,402. Centerspace has a one year low of $52.26 and a one year high of $76.16. 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 cap of $1.16 billion, a PE ratio of -43.86, a price-to-earnings-growth ratio of 2.06 and a beta of 0.89. The stock's fifty day moving average price is $71.28 and its 200-day moving average price is $70.90.

Centerspace (NYSE:CSR - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($1.57). The business had revenue of $65.03 million during the quarter, compared to analyst estimates 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 firm posted $1.20 earnings per share. Research analysts predict that Centerspace will post 4.86 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors 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 yield of 4.29%. The ex-dividend date of this dividend is Monday, December 30th. Centerspace's dividend payout ratio (DPR) is currently -186.34%.

Analyst Upgrades and Downgrades

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

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.