Centerspace (NYSE:CSR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Centerspace (NYSE:CSR) by 15.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,174 shares of the company’s stock after selling 752 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Centerspace were worth $298,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CSR. Vanguard Group Inc. boosted its position in shares of Centerspace by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,401,497 shares of the company’s stock worth $137,222,000 after buying an additional 9,984 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Centerspace by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 223,770 shares of the company’s stock valued at $15,134,000 after acquiring an additional 14,440 shares during the period. Bank of New York Mellon Corp grew its position in Centerspace by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 139,188 shares of the company’s stock valued at $9,413,000 after acquiring an additional 605 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Centerspace by 10.8% during the second quarter. Westwood Holdings Group Inc. now owns 99,718 shares of the company’s stock worth $6,744,000 after purchasing an additional 9,718 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Centerspace by 1,438.2% during the first quarter. Janus Henderson Group PLC now owns 97,940 shares of the company’s stock worth $5,597,000 after purchasing an additional 91,573 shares during the period. Institutional investors and hedge funds own 79.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CSR shares. BTIG Research lifted their price objective on shares of Centerspace from $69.00 to $79.00 and gave the company a “buy” rating in a report on Monday, August 12th. Raymond James lowered 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. Finally, Piper Sandler upped their price target on Centerspace from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Three research 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.00.

Centerspace Stock Performance

NYSE CSR opened at $70.40 on Thursday. Centerspace has a 52 week low of $50.36 and a 52 week high of $76.16. The firm has a 50 day moving average of $71.93 and a two-hundred day moving average of $70.14. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70.

Centerspace (NYSE:CSR) last posted its 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). Centerspace had a negative net margin of 5.57% and a negative return on equity of 1.72%. The business had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $66.35 million. During the same period last year, the company earned $1.20 EPS. Sell-side analysts predict that Centerspace will post 4.85 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Monday, September 30th. Centerspace’s dividend payout ratio (DPR) is presently -186.33%.

About Centerspace

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.