Cbre Investment Management Listed Real Assets LLC Sells 72,201 Shares of Centerspace $CSR

Cbre Investment Management Listed Real Assets LLC reduced its holdings in shares of Centerspace (NYSE:CSR) by 58.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,078 shares of the company’s stock after selling 72,201 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.31% of Centerspace worth $3,408,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CSR. Land & Buildings Investment Management LLC increased its position in Centerspace by 96.4% in the third quarter. Land & Buildings Investment Management LLC now owns 599,252 shares of the company’s stock worth $35,296,000 after buying an additional 294,086 shares during the last quarter. Millennium Management LLC increased its position in Centerspace by 307.3% in the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock worth $11,917,000 after buying an additional 138,861 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Centerspace by 482.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,301 shares of the company’s stock worth $6,438,000 after buying an additional 90,548 shares during the last quarter. Systematic Financial Management LP increased its position in Centerspace by 19.7% in the fourth quarter. Systematic Financial Management LP now owns 305,533 shares of the company’s stock worth $20,385,000 after buying an additional 50,350 shares during the last quarter. Finally, Pacific Heights Asset Management LLC increased its position in Centerspace by 22.2% in the fourth quarter. Pacific Heights Asset Management LLC now owns 275,000 shares of the company’s stock worth $18,348,000 after buying an additional 50,000 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on CSR shares. Royal Bank Of Canada raised their target price on Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. UBS Group lifted their price target on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wells Fargo & Company increased their price objective on Centerspace from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Piper Sandler upgraded 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 note on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.60.

Centerspace Price Performance

NYSE:CSR opened at $66.82 on Tuesday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 148.48 and a beta of 0.88. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.61. The stock has a fifty day moving average of $64.27 and a 200 day moving average of $64.45. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03.

Centerspace (NYSE:CSR) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.48). The business had revenue of $65.07 million for the quarter, compared to the consensus estimate 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, research analysts expect that Centerspace will post 4.9 EPS for the current fiscal year.

Centerspace 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.