Dimensional Fund Advisors LP Purchases 14,440 Shares of Centerspace (NYSE:CSR)

Dimensional Fund Advisors LP grew its holdings in Centerspace (NYSE:CSR) by 6.9% during the 2nd quarter, Holdings Channel reports. The firm owned 223,770 shares of the company’s stock after purchasing an additional 14,440 shares during the period. Dimensional Fund Advisors LP’s holdings in Centerspace were worth $15,134,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Texas Permanent School Fund Corp boosted its stake in Centerspace by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 13,174 shares of the company’s stock worth $753,000 after acquiring an additional 176 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Centerspace by 4.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,764 shares of the company’s stock valued at $272,000 after buying an additional 222 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Centerspace by 2.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,401 shares of the company’s stock valued at $1,177,000 after buying an additional 446 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Centerspace by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 139,188 shares of the company’s stock worth $9,413,000 after buying an additional 605 shares during the period. Finally, Rothschild Investment LLC bought a new position in Centerspace during the second quarter worth about $42,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Stock Down 0.9 %

NYSE:CSR opened at $70.01 on Friday. Centerspace has a twelve month low of $46.74 and a twelve month high of $76.16. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -87.51, a price-to-earnings-growth ratio of 2.18 and a beta of 0.89. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average price is $72.83 and its two-hundred day moving average price is $68.21.

Centerspace (NYSE:CSR) last posted its earnings results on Monday, July 29th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($1.39). Centerspace had a negative return on equity of 0.67% and a negative net margin of 2.16%. The business had revenue of $65.04 million for the quarter, compared to analyst estimates of $65.90 million. During the same period in the previous year, the firm posted $1.28 earnings per share. Equities research analysts expect that Centerspace will post 4.83 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.00 annualized dividend and a yield of 4.29%. Centerspace’s dividend payout ratio (DPR) is presently -375.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BTIG Research increased their target price on Centerspace from $69.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada raised their price objective on shares of Centerspace from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Raymond James upped their target price on shares of Centerspace from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Piper Sandler lifted their price target on Centerspace from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Centerspace has an average rating of “Moderate Buy” and an average target price of $72.29.

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.