Rodney Jones-Tyson Buys 1,700 Shares of Centerspace (NYSE:CSR) Stock

Centerspace (NYSE:CSR) Director Rodney Jones-Tyson bought 1,700 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was bought at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the transaction, the director directly owned 7,877 shares of the company’s stock, valued at approximately $435,283.02. This represents a 27.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Centerspace Stock Down 0.1%

Shares of NYSE:CSR opened at $56.66 on Friday. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.61. The company has a market capitalization of $951.87 million, a PE ratio of 125.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03. The company has a fifty day moving average of $63.46 and a 200-day moving average of $63.32.

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

Centerspace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Monday, June 29th. Centerspace’s payout ratio is 684.44%.

Wall Street Analyst Weigh In

CSR has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Centerspace from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Royal Bank Of Canada lowered their target price on Centerspace from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. UBS Group lifted their target price on Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $72.00 in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centerspace currently has an average rating of “Hold” and a consensus price target of $68.80.

Institutional Investors Weigh In On Centerspace

A number of institutional investors have recently modified their holdings of the company. Amundi raised its stake in Centerspace by 4.4% during the first quarter. Amundi now owns 11,052 shares of the company’s stock worth $635,000 after buying an additional 462 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Centerspace by 19.2% during the 1st quarter. Quantinno Capital Management LP now owns 34,406 shares of the company’s stock worth $1,977,000 after acquiring an additional 5,534 shares during the period. ABS Direct Equity Fund LLC grew its holdings in Centerspace by 131.3% during the 1st quarter. ABS Direct Equity Fund LLC now owns 25,000 shares of the company’s stock worth $1,436,000 after acquiring an additional 14,193 shares during the period. Cetera Investment Advisers bought a new position in shares of Centerspace in the 1st quarter worth about $208,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Centerspace by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 238,535 shares of the company’s stock valued at $13,704,000 after purchasing an additional 2,139 shares during the period. 79.00% of the stock is owned by institutional investors.

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.