Diamond Hill Capital Management LLC Investment Advisor Invests $7.01 Million in Centerspace $CSR

Key Points

• Diamond Hill Capital Management purchased 124,736 Centerspace shares worth approximately $7.01 million, while institutional investors collectively own 79% of the stock.
• Centerspace reported quarterly EPS of -$0.07, beating the $-0.13 consensus estimate, but revenue of $65.78 million fell slightly short of expectations. The company issued full-year 2026 EPS guidance of $4.58–$4.68.
• Analysts maintain a consensus “Hold” rating with a $63.80 price target, while CSR shares opened at $54.58. Centerspace also pays a quarterly dividend of $0.77, equivalent to a 5.6% annualized yield.

Diamond Hill Capital Management LLC Investment Advisor bought a new position in Centerspace (NYSE:CSR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 124,736 shares of the company's stock, valued at approximately $7,009,000. Diamond Hill Capital Management LLC Investment Advisor owned 0.74% of Centerspace at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in shares of Centerspace by 67.4% during the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 252 shares in the last quarter. Covestor Ltd lifted 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 purchasing an additional 571 shares during the period. Avalon Trust Co boosted its position in Centerspace by 36.3% in the first quarter. Avalon Trust Co now owns 709 shares of the company's stock valued at $41,000 after buying an additional 189 shares during the last quarter. Danske Bank A S purchased a new stake in Centerspace in the fourth quarter valued at approximately $47,000. Finally, Kestra Advisory Services LLC acquired a new position in Centerspace in the 4th quarter worth approximately $58,000. 79.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Centerspace news, Director Rodney Jones-Tyson bought 1,700 shares of Centerspace stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $55.26 per share, with a total value of $93,942.00. Following the purchase, the director directly owned 7,877 shares in the company, valued at $435,283.02. This represents a 27.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John A. Schissel bought 500 shares of the firm's stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $54.90 per share, for a total transaction of $27,450.00. Following the transaction, the director directly owned 17,195 shares in the company, valued at approximately $944,005.50. This represents a 2.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CSR has been the subject of several research reports. BTIG Research cut shares of Centerspace from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of Centerspace from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Wells Fargo & Company reduced their target price on shares of Centerspace from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, July 22nd. UBS Group boosted their target price on shares of Centerspace from $66.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Finally, Piper Sandler lowered their price target on shares of Centerspace from $64.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Centerspace currently has a consensus rating of "Hold" and a consensus price target of $63.80.

Centerspace Stock Down 2.3%

CSR opened at $54.58 on Tuesday. Centerspace has a fifty-two week low of $53.81 and a fifty-two week high of $69.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.03 and a current ratio of 0.03. The company has a fifty day moving average of $56.08 and a two-hundred day moving average of $60.85. The stock has a market capitalization of $916.40 million, a price-to-earnings ratio of 43.32 and a beta of 0.88.

Centerspace (NYSE:CSR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. Centerspace had a net margin of 7.97% and a return on equity of 2.58%. The business had revenue of $65.78 million for the quarter, compared to analyst estimates of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. On average, research analysts expect that Centerspace will post 4.63 earnings per share for the current year.

Centerspace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th were given a $0.77 dividend. The ex-dividend date was Monday, June 29th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.6%. Centerspace's payout ratio is 244.44%.

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

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