Cbre Investment Management Listed Real Assets LLC Sells 72,201 Shares of Centerspace $CSR

Cbre Investment Management Listed Real Assets LLC lowered its position in shares of Centerspace (NYSE:CSRFree Report) by 58.6% in the 4th quarter, HoldingsChannel reports. The firm owned 51,078 shares of the company’s stock after selling 72,201 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Centerspace were worth $3,408,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSR. Land & Buildings Investment Management LLC lifted its stake in Centerspace by 96.4% during the third quarter. Land & Buildings Investment Management LLC now owns 599,252 shares of the company’s stock worth $35,296,000 after purchasing an additional 294,086 shares during the last quarter. Millennium Management LLC lifted its stake in Centerspace by 307.3% during the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock worth $11,917,000 after purchasing an additional 138,861 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Centerspace by 482.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,301 shares of the company’s stock valued at $6,438,000 after acquiring an additional 90,548 shares during the last quarter. Systematic Financial Management LP lifted its stake in shares of Centerspace by 19.7% in the 4th quarter. Systematic Financial Management LP now owns 305,533 shares of the company’s stock valued at $20,385,000 after acquiring an additional 50,350 shares during the last quarter. Finally, Pacific Heights Asset Management LLC lifted its stake in shares of Centerspace by 22.2% in the 4th quarter. Pacific Heights Asset Management LLC now owns 275,000 shares of the company’s stock valued at $18,348,000 after acquiring an additional 50,000 shares during the last quarter. Institutional investors own 79.00% of the company’s stock.

Centerspace Stock Performance

Shares of CSR opened at $66.82 on Tuesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average price is $64.27 and its 200-day moving average price is $64.45. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.61. The stock has a market cap of $1.12 billion, a P/E ratio of 148.48 and a beta of 0.88.

Centerspace (NYSE:CSRGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.48). Centerspace had a return on equity of 0.94% and a net margin of 2.93%.The company had revenue of $65.07 million during the quarter, compared to the consensus estimate of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Equities research analysts anticipate that Centerspace will post 4.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CSR has been the subject of a number of recent research reports. Wall Street Zen raised Centerspace from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $72.00 in a report on Tuesday, April 7th. UBS Group boosted their price target on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted their price target on Centerspace from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their price target on Centerspace from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.60.

Read Our Latest Stock Analysis on CSR

Centerspace Company Profile

(Free Report)

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.

See Also

Want to see what other hedge funds are holding CSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centerspace (NYSE:CSRFree Report).

Institutional Ownership by Quarter for Centerspace (NYSE:CSR)

Receive News & Ratings for Centerspace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerspace and related companies with MarketBeat.com's FREE daily email newsletter.