Captrust Financial Advisors Invests $234,000 in Centerspace (NYSE:CSR)

Captrust Financial Advisors bought a new stake in Centerspace (NYSE:CSR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,316 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Centerspace by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 275,511 shares of the company’s stock valued at $19,415,000 after purchasing an additional 23,839 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Centerspace by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 223,770 shares of the company’s stock worth $15,134,000 after purchasing an additional 14,440 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Centerspace by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 139,188 shares of the company’s stock worth $9,413,000 after purchasing an additional 605 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Centerspace by 295.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,820 shares of the company’s stock worth $7,598,000 after purchasing an additional 80,566 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings 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 last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.

Wall Street Analyst Weigh In

CSR has been the topic of a number of research analyst reports. Raymond James cut shares of Centerspace from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $76.00 target price on shares of Centerspace in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.00.

Centerspace Price Performance

Shares of NYSE:CSR opened at $69.45 on Monday. The company’s fifty day moving average price is $71.21 and its 200-day moving average price is $70.98. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -43.14, a PEG ratio of 2.05 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 debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05.

Centerspace (NYSE:CSR) last released 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 for the quarter, compared to the consensus estimate of $66.35 million. During the same period in the prior year, the business posted $1.20 EPS. On average, equities research analysts anticipate that Centerspace will post 4.86 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Monday, December 30th. Centerspace’s dividend payout ratio (DPR) is presently -186.34%.

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.