Centerspace (NYSE:CSR) Shares Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas boosted its position in shares of Centerspace (NYSE:CSR - Free Report) by 59.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,000 shares of the company's stock after purchasing an additional 16,000 shares during the period. Employees Retirement System of Texas owned approximately 0.26% of Centerspace worth $2,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSR. Public Employees Retirement System of Ohio raised its position in shares of Centerspace by 7.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 23,691 shares of the company's stock valued at $1,567,000 after purchasing an additional 1,621 shares in the last quarter. Westwood Holdings Group Inc. grew its position in shares of Centerspace by 13.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 113,104 shares of the company's stock worth $7,482,000 after buying an additional 13,386 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Centerspace by 286.3% in the fourth quarter. Two Sigma Advisers LP now owns 19,700 shares of the company's stock worth $1,303,000 after buying an additional 14,600 shares during the last quarter. Two Sigma Investments LP raised its holdings in Centerspace by 34.9% in the fourth quarter. Two Sigma Investments LP now owns 41,022 shares of the company's stock valued at $2,714,000 after acquiring an additional 10,616 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in Centerspace by 6.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 834,251 shares of the company's stock valued at $55,186,000 after acquiring an additional 54,204 shares during the last quarter. Hedge funds and other institutional investors own 79.00% of the company's stock.

Centerspace Stock Performance

Shares of Centerspace stock traded up $0.74 during trading on Friday, hitting $63.77. 192,581 shares of the stock were exchanged, compared to its average volume of 112,994. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.05 and a current ratio of 0.04. Centerspace has a 12 month low of $54.13 and a 12 month high of $76.16. The stock's fifty day moving average is $60.72 and its 200 day moving average is $63.88. The stock has a market cap of $1.07 billion, a PE ratio of -50.21 and a beta of 0.77.

Centerspace (NYSE:CSR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. The firm had revenue of $67.09 million during the quarter, compared to analysts' expectations of $66.70 million. Centerspace had a negative net margin of 4.34% and a negative return on equity of 1.34%. As a group, sell-side analysts anticipate that Centerspace will post 4.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CSR. BMO Capital Markets raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 target price for the company in a research report on Friday, April 4th. Piper Sandler decreased their target price on Centerspace from $75.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Raymond James upgraded Centerspace from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $66.00 to $69.00 in a report on Thursday, May 15th. Royal Bank of Canada raised their price objective on Centerspace from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company began coverage on shares of Centerspace in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 target price for the company. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $71.56.

About Centerspace

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.