Universal Beteiligungs und Servicegesellschaft mbH Invests $728,000 in Centerspace (NYSE:CSR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Centerspace (NYSE:CSR), purchasing 11,238 shares valued at approximately $728,000, resulting in a 0.07% ownership of the company.
• Several institutional investors, such as Vanguard Group Inc. and Allianz Asset Management GmbH, have significantly adjusted their stakes in Centerspace, with institutional ownership now at 79% of the company.
• Wall Street analysts have mixed outlooks on Centerspace, with target prices ranging from $60 to $72, and a consensus rating of "Moderate Buy", reflecting varying confidence among research firms.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Centerspace (NYSE:CSR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,238 shares of the company's stock, valued at approximately $728,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Centerspace at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Centerspace during the fourth quarter valued at approximately $417,000. KLP Kapitalforvaltning AS bought a new stake in Centerspace in the 4th quarter worth about $196,000. LPL Financial LLC increased its holdings in Centerspace by 43.5% in the 4th quarter. LPL Financial LLC now owns 5,454 shares of the company's stock worth $361,000 after buying an additional 1,654 shares in the last quarter. Vanguard Group Inc. increased its holdings in Centerspace by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock worth $171,617,000 after buying an additional 195,629 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Centerspace by 3.1% in the 4th quarter. Prudential Financial Inc. now owns 22,548 shares of the company's stock worth $1,492,000 after buying an additional 680 shares in the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSR has been the topic of several recent research reports. Piper Sandler decreased their price objective on Centerspace from $75.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Raymond James Financial upgraded Centerspace from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $66.00 to $69.00 in a research note on Thursday, May 15th. UBS Group reduced their price objective on Centerspace from $67.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada raised their target price on Centerspace from $71.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.78.

Centerspace Price Performance

CSR stock traded down $0.64 during midday trading on Wednesday, hitting $53.33. 84,425 shares of the stock were exchanged, compared to its average volume of 100,603. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.05 and a current ratio of 0.05. Centerspace has a fifty-two week low of $52.76 and a fifty-two week high of $76.16. The stock's 50-day moving average price is $60.63 and its 200-day moving average price is $61.42. The stock has a market cap of $892.74 million, a price-to-earnings ratio of -29.65 and a beta of 0.72.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.02. Centerspace had a negative return on equity of 2.78% and a negative net margin of 9.13%. The business had revenue of $68.55 million during the quarter, compared to the consensus estimate of $67.89 million. Research analysts predict that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Friday, June 27th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Friday, June 27th. Centerspace's dividend payout ratio is -275.00%.

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.