4,476 Shares in Centerspace (NYSE:CSR) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new position in Centerspace (NYSE:CSR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,476 shares of the company’s stock, valued at approximately $303,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its stake in Centerspace by 7.0% in the second quarter. Hsbc Holdings PLC now owns 11,696 shares of the company’s stock worth $789,000 after acquiring an additional 766 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Centerspace by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 223,770 shares of the company’s stock worth $15,134,000 after acquiring an additional 14,440 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new position in Centerspace in the second quarter worth approximately $776,000. State of New Jersey Common Pension Fund D lifted its stake in Centerspace by 27.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 31,906 shares of the company’s stock worth $2,158,000 after acquiring an additional 6,906 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Centerspace in the second quarter worth approximately $209,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Centerspace Stock Performance

Shares of CSR opened at $71.58 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $1.07 billion, a P/E ratio of -89.48, a P/E/G ratio of 2.18 and a beta of 0.90. The company’s fifty day moving average is $72.78 and its two-hundred day moving average is $67.71. Centerspace has a 1 year low of $46.74 and a 1 year high of $76.16.

Centerspace (NYSE:CSR) last announced its quarterly earnings data on Monday, July 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($1.39). The firm had revenue of $65.04 million during the quarter, compared to analyst estimates of $65.90 million. Centerspace had a negative net margin of 2.16% and a negative return on equity of 0.67%. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, sell-side analysts predict that Centerspace will post 4.83 earnings per share for the current year.

Centerspace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Monday, September 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.19%. Centerspace’s dividend payout ratio (DPR) is presently -375.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSR. Raymond James boosted their price objective on shares of Centerspace from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Royal Bank of Canada boosted their price objective on shares of Centerspace from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BTIG Research boosted their price objective on shares of Centerspace from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Piper Sandler lifted their target price on shares of Centerspace from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.29.

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.