Short Interest in Centerspace (NYSE:CSR) Expands By 51.8%

Key Points

• Short interest surged 51.8% in March to 631,762 shares, equal to about 3.8% of shares outstanding and a short-interest ratio of 4.3 days.
• Centerspace declared a $0.77 quarterly dividend (annualized $3.08) yielding 4.9%, while its dividend payout ratio is an elevated 308%.
• The company missed quarterly EPS expectations (reported –$1.10 vs. $1.21 expected), issued FY‑2026 guidance of 4.810–5.050 EPS, and carries a Wall Street consensus rating of Hold with a $68.83 target following mixed analyst revisions.

Centerspace (NYSE:CSR - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 631,762 shares, a growth of 51.8% from the March 15th total of 416,046 shares. Based on an average daily trading volume, of 146,621 shares, the short-interest ratio is presently 4.3 days. Approximately 3.8% of the shares of the company are sold short.

Centerspace Stock Performance

NYSE:CSR traded down $0.12 on Tuesday, hitting $62.94. The stock had a trading volume of 332,203 shares, compared to its average volume of 128,898. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 62.93 and a beta of 0.81. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.86. The business's 50-day simple moving average is $61.62 and its two-hundred day simple moving average is $62.78. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.15.

Centerspace (NYSE:CSR - Get Free Report) last announced its earnings results on Tuesday, February 17th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($2.31). The firm had revenue of $66.62 million during the quarter, compared to analysts' expectations of $69.77 million. Centerspace had a return on equity of 2.00% and a net margin of 6.25%.Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, research analysts predict that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $3.08 annualized dividend and a dividend yield of 4.9%. Centerspace's dividend payout ratio (DPR) is 308.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Centerspace from $74.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 5th. UBS Group increased their price objective on Centerspace from $63.00 to $66.00 and gave the company a "neutral" rating in a research report on Thursday, January 8th. Royal Bank Of Canada raised their target price on Centerspace from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. Weiss Ratings reissued a "hold (c+)" rating on shares of Centerspace in a research report on Monday, December 29th. Finally, Piper Sandler raised Centerspace from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $69.00 to $72.00 in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $68.83.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CSR. Covestor Ltd raised its stake in shares of Centerspace by 57,100.0% in the fourth quarter. Covestor Ltd now owns 572 shares of the company's stock worth $38,000 after buying an additional 571 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Centerspace by 998.3% in the third quarter. Hantz Financial Services Inc. now owns 659 shares of the company's stock worth $39,000 after buying an additional 599 shares during the period. Danske Bank A S bought a new position in shares of Centerspace in the fourth quarter worth about $47,000. Kestra Advisory Services LLC bought a new position in shares of Centerspace in the fourth quarter worth about $58,000. Finally, GAMMA Investing LLC raised its stake in shares of Centerspace by 107.0% in the fourth quarter. GAMMA Investing LLC now owns 942 shares of the company's stock worth $63,000 after buying an additional 487 shares during the period. Institutional investors own 79.00% of the company's stock.

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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