Voss Capital LP Purchases New Shares in Centerspace $CSR

Voss Capital LP purchased a new stake in Centerspace (NYSE:CSR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 330,751 shares of the company’s stock, valued at approximately $22,068,000. Centerspace accounts for about 1.1% of Voss Capital LP’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSR. Royal Bank of Canada raised its position in Centerspace by 199.5% in the 1st quarter. Royal Bank of Canada now owns 15,720 shares of the company’s stock valued at $1,019,000 after purchasing an additional 10,472 shares during the last quarter. AQR Capital Management LLC increased its stake in Centerspace by 32.5% in the 1st quarter. AQR Capital Management LLC now owns 4,891 shares of the company’s stock valued at $317,000 after buying an additional 1,200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Centerspace by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after buying an additional 287 shares during the period. Millennium Management LLC lifted its stake in shares of Centerspace by 307.3% in the 1st quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock worth $11,917,000 after acquiring an additional 138,861 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Centerspace by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company’s stock worth $8,979,000 after acquiring an additional 20,992 shares during the period. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Centerspace Stock Performance

NYSE:CSR opened at $58.14 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.88. Centerspace has a fifty-two week low of $52.76 and a fifty-two week high of $69.61. The stock has a market cap of $976.82 million, a PE ratio of 129.21 and a beta of 0.88. The firm’s fifty day simple moving average is $64.41 and its 200-day simple moving average is $63.96.

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

Centerspace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.3%. Centerspace’s dividend payout ratio is 684.44%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CSR shares. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Royal Bank Of Canada dropped their price target on shares of Centerspace from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Piper Sandler upgraded shares of Centerspace from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $72.00 in a research note on Tuesday, April 7th. Wells Fargo & Company boosted their price target on shares of Centerspace from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, UBS Group boosted their price target on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Centerspace presently has a consensus rating of “Hold” and a consensus price target of $68.80.

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.