Strs Ohio Trims Stake in Centerspace $CSR

Key Points

• Strs Ohio reduced its holdings by 57.3% in Centerspace during Q4, selling 37,500 shares and finishing the period with 27,900 shares (0.17% ownership) valued at $1.861 million.
• Centerspace reported quarterly EPS of ($0.77), missing the consensus by $0.48 on revenue of $65.07M versus $66.54M expected, but provided FY2026 guidance of 4.810–5.050 EPS (analysts' average forecast: 4.85).
• The company paid a quarterly dividend of $0.77 (annualized $3.08) for a 4.6% yield684.44%.

Strs Ohio reduced its holdings in Centerspace (NYSE:CSR - Free Report) by 57.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,900 shares of the company's stock after selling 37,500 shares during the quarter. Strs Ohio owned 0.17% of Centerspace worth $1,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CSR. Land & Buildings Investment Management LLC grew its holdings in shares of Centerspace by 96.4% during the third quarter. Land & Buildings Investment Management LLC now owns 599,252 shares of the company's stock worth $35,296,000 after purchasing an additional 294,086 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Centerspace by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 241,651 shares of the company's stock worth $14,232,000 after purchasing an additional 4,707 shares during the last quarter. Pacific Heights Asset Management LLC raised its stake in Centerspace by 12.5% in the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company's stock valued at $13,252,000 after purchasing an additional 25,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Centerspace by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 224,583 shares of the company's stock valued at $13,228,000 after purchasing an additional 21,337 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Centerspace by 307.3% during the first quarter. Millennium Management LLC now owns 184,051 shares of the company's stock valued at $11,917,000 after purchasing an additional 138,861 shares during the last quarter. Hedge funds and other institutional investors own 79.00% of the company's stock.

Analyst Upgrades and Downgrades

CSR has been the subject of a number of research reports. UBS Group boosted their price target on shares of Centerspace from $63.00 to $66.00 and gave the stock a "neutral" rating in a research note on Thursday, January 8th. Wall Street Zen raised shares of Centerspace from a "strong sell" rating to a "sell" rating in a report on Saturday, April 11th. Wells Fargo & Company cut their target price on shares of Centerspace from $74.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, March 5th. Piper Sandler raised Centerspace from a "neutral" rating to an "overweight" rating and increased their target price for the company from $69.00 to $72.00 in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada upped their price objective on Centerspace from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Centerspace presently has a consensus rating of "Hold" and an average target price of $68.67.

Centerspace Stock Performance

NYSE CSR opened at $66.93 on Thursday. The company has a 50-day simple moving average of $62.22 and a two-hundred day simple moving average of $63.49. The company has a quick ratio of 0.04, a current ratio of 0.03 and a debt-to-equity ratio of 0.88. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.61. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 148.74 and a beta of 0.89.

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

Centerspace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.6%. Centerspace's payout ratio is presently 684.44%.

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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