Captrust Financial Advisors Purchases New Holdings in Centerspace (NYSE:CSR)

Captrust Financial Advisors purchased a new stake in shares of Centerspace (NYSE:CSR) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 3,316 shares of the company’s stock, valued at approximately $234,000.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Centerspace by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 579 shares of the company’s stock worth $41,000 after buying an additional 150 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Centerspace by 3,131.6% during the third quarter. Loomis Sayles & Co. L P now owns 614 shares of the company’s stock valued at $43,000 after buying an additional 595 shares during the period. Rothschild Investment LLC bought a new stake in Centerspace during the second quarter valued at approximately $42,000. Van ECK Associates Corp grew its position in Centerspace by 15.2% during the third quarter. Van ECK Associates Corp now owns 2,626 shares of the company’s stock valued at $186,000 after buying an additional 347 shares during the period. Finally, Versor Investments LP bought a new stake in Centerspace during the third quarter valued at approximately $204,000. 79.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $76.00 price target on shares of Centerspace in a research report on Wednesday, October 30th. Raymond James downgraded shares of Centerspace from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Centerspace presently has a consensus rating of “Hold” and an average target price of $76.00.

Centerspace Trading Down 0.7 %

Shares of CSR opened at $69.45 on Monday. The company’s fifty day simple moving average is $71.21 and its 200-day simple moving average is $70.98. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.15 billion, a P/E ratio of -43.14, a P/E/G ratio of 2.05 and a beta of 0.89. Centerspace has a twelve month low of $52.26 and a twelve month high of $76.16.

Centerspace (NYSE:CSR) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($1.57). The company had revenue of $65.03 million during the quarter, compared to the consensus estimate of $66.35 million. Centerspace had a negative return on equity of 1.72% and a negative net margin of 5.57%. During the same quarter in the previous year, the company posted $1.20 earnings per share. As a group, analysts expect that Centerspace will post 4.86 EPS for the current year.

Centerspace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, December 30th. Centerspace’s payout ratio is -186.34%.

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.