Janus Henderson Group PLC Sells 71,363 Shares of Centerspace (NYSE:CSR)

Janus Henderson Group PLC reduced its stake in Centerspace (NYSE:CSR) by 91.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,290 shares of the company’s stock after selling 71,363 shares during the period. Janus Henderson Group PLC’s holdings in Centerspace were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CSR. Intech Investment Management LLC acquired a new stake in Centerspace during the third quarter worth about $403,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Centerspace by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 275,511 shares of the company’s stock worth $19,415,000 after acquiring an additional 23,839 shares during the period. Millennium Management LLC boosted its position in shares of Centerspace by 377.3% during the 2nd quarter. Millennium Management LLC now owns 43,604 shares of the company’s stock worth $2,949,000 after acquiring an additional 34,469 shares in the last quarter. Cerity Partners LLC bought a new position in Centerspace in the third quarter valued at approximately $746,000. Finally, Principal Financial Group Inc. raised its position in Centerspace by 3.6% during the third quarter. Principal Financial Group Inc. now owns 81,338 shares of the company’s stock valued at $5,732,000 after purchasing an additional 2,852 shares in the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CSR. Raymond James downgraded Centerspace from an “outperform” rating to a “market perform” rating in a 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 research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.00.

Centerspace Stock Down 0.7 %

Shares of NYSE:CSR opened at $69.45 on Monday. Centerspace has a 52-week low of $52.26 and a 52-week high of $76.16. The company has a market capitalization of $1.15 billion, a PE ratio of -43.14, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. 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 fifty day moving average of $71.21 and a 200-day moving average of $70.98.

Centerspace (NYSE:CSR) last issued its earnings results on Monday, October 28th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($1.57). The firm had revenue of $65.03 million during the quarter, compared to analyst estimates of $66.35 million. Centerspace had a negative return on equity of 1.72% and a negative net margin of 5.57%. During the same period in the previous year, the company earned $1.20 EPS. On average, equities analysts predict that Centerspace will post 4.86 EPS for the current fiscal year.

Centerspace Announces Dividend

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

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.