Centerspace (NYSE:CSR) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its holdings in Centerspace (NYSE:CSR - Free Report) by 84.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,063 shares of the company's stock after selling 5,750 shares during the quarter. Point72 Asset Management L.P.'s holdings in Centerspace were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CSR. Barclays PLC grew its holdings in Centerspace by 1,553.4% in the third quarter. Barclays PLC now owns 102,859 shares of the company's stock valued at $7,249,000 after purchasing an additional 96,638 shares during the last quarter. KBC Group NV increased its stake in shares of Centerspace by 75.9% during the 4th quarter. KBC Group NV now owns 1,080 shares of the company's stock worth $71,000 after purchasing an additional 466 shares in the last quarter. Vert Asset Management LLC raised its position in shares of Centerspace by 27.5% during the 4th quarter. Vert Asset Management LLC now owns 6,004 shares of the company's stock worth $397,000 after purchasing an additional 1,295 shares during the last quarter. abrdn plc raised its position in shares of Centerspace by 42.2% during the 4th quarter. abrdn plc now owns 4,227 shares of the company's stock worth $275,000 after purchasing an additional 1,254 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Centerspace by 4.6% in the 4th quarter. Yousif Capital Management LLC now owns 6,226 shares of the company's stock valued at $412,000 after buying an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 79.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James raised Centerspace from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $66.00 to $69.00 in a report on Thursday, May 15th. UBS Group assumed coverage on shares of Centerspace in a report on Monday, April 7th. They issued a "neutral" rating and a $67.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Centerspace from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Piper Sandler cut their price objective on shares of Centerspace from $75.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Wells Fargo & Company initiated coverage on shares of Centerspace in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.56.

Centerspace Stock Up 0.4%

CSR traded up $0.23 on Friday, reaching $63.26. The company's stock had a trading volume of 6,962 shares, compared to its average volume of 112,088. Centerspace has a 1 year low of $54.13 and a 1 year high of $76.16. The business's 50 day moving average is $60.72 and its 200 day moving average is $63.95. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.04 and a quick ratio of 0.05. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -49.73 and a beta of 0.77.

Centerspace (NYSE:CSR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.21 earnings per share for the quarter, hitting analysts' consensus estimates of $1.21. The business had revenue of $67.09 million during the quarter, compared to the consensus estimate 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, research analysts forecast that Centerspace will post 4.94 EPS for the current fiscal year.

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.