Royal Bank of Canada Sells 18,344 Shares of Centerspace $CSR

Key Points

• Royal Bank of Canada reduced its Centerspace position by 28.7%, selling 18,344 shares and retaining 45,578 shares valued at approximately $2.62 million. Institutional investors collectively own about 79% of CSR.
• Centerspace reported quarterly EPS of -$0.07, beating estimates of -$0.13, while revenue of $65.78 million fell slightly short of expectations. The company provided fiscal 2026 EPS guidance of $4.58–$4.68.
• Centerspace pays a quarterly dividend of $0.77 per share, representing a 5.5% annualized yield, but its payout ratio is elevated at 244.44%. Analysts maintain a consensus “Hold” rating with an average price target of $63.80.

Royal Bank of Canada reduced its position in shares of Centerspace (NYSE:CSR - Free Report) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,578 shares of the company's stock after selling 18,344 shares during the quarter. Royal Bank of Canada owned 0.27% of Centerspace worth $2,619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSR. AQR Capital Management LLC lifted its holdings in Centerspace by 32.5% during the 1st quarter. AQR Capital Management LLC now owns 4,891 shares of the company's stock valued at $317,000 after purchasing an additional 1,200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Centerspace by 2.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company's stock worth $958,000 after purchasing an additional 287 shares in the last quarter. Millennium Management LLC grew its position in shares of Centerspace by 307.3% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Centerspace by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company's stock worth $8,979,000 after purchasing an additional 20,992 shares during the period. Finally, Norges Bank bought a new position in shares of Centerspace during the second quarter worth approximately $1,091,000. 79.00% of the stock is currently owned by institutional investors.

Centerspace Price Performance

CSR stock opened at $55.86 on Monday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.87. Centerspace has a 12 month low of $53.81 and a 12 month high of $69.61. The firm has a market cap of $937.86 million, a P/E ratio of 44.33 and a beta of 0.88. The company's 50-day moving average price is $56.14 and its two-hundred day moving average price is $60.92.

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

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, June 29th. Centerspace's payout ratio is currently 244.44%.

Insider Buying and Selling at Centerspace

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSR shares. BTIG Research cut Centerspace from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 16th. UBS Group raised their price objective on Centerspace from $66.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. Weiss Ratings raised Centerspace from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Piper Sandler dropped their price objective on Centerspace from $64.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada cut their target price on Centerspace from $67.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.80.

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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