Centerspace $CSR Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP raised its position in Centerspace (NYSE:CSRFree Report) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,533 shares of the company’s stock after purchasing an additional 50,350 shares during the period. Systematic Financial Management LP owned about 1.83% of Centerspace worth $20,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. purchased a new stake in shares of Centerspace during the fourth quarter worth about $3,163,000. Covestor Ltd grew its holdings in shares of Centerspace by 57,100.0% during the fourth quarter. Covestor Ltd now owns 572 shares of the company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Centerspace by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,611 shares of the company’s stock worth $241,000 after buying an additional 500 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Centerspace during the fourth quarter worth about $219,000. Finally, Pacific Heights Asset Management LLC grew its holdings in shares of Centerspace by 22.2% during the fourth quarter. Pacific Heights Asset Management LLC now owns 275,000 shares of the company’s stock worth $18,348,000 after buying an additional 50,000 shares in the last quarter. 79.00% of the stock is currently owned by hedge funds and other institutional investors.

Centerspace Stock Up 1.0%

CSR opened at $68.09 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 151.31 and a beta of 0.89. The business has a 50-day moving average of $63.45 and a two-hundred day moving average of $64.13. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.61.

Centerspace (NYSE:CSRGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.48). The business had revenue of $65.07 million during the quarter, compared to analysts’ expectations of $66.54 million. Centerspace had a net margin of 2.93% and a return on equity of 0.94%. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, research analysts expect that Centerspace will post 4.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSR has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. UBS Group lifted their price target on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $72.00 in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.40.

Read Our Latest Research Report on Centerspace

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.

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Institutional Ownership by Quarter for Centerspace (NYSE:CSR)

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