Yousif Capital Management LLC Has $444,000 Stock Position in Centerspace (NYSE:CSR)

Yousif Capital Management LLC cut its stake in Centerspace (NYSE:CSRFree Report) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,364 shares of the company’s stock after selling 625 shares during the period. Yousif Capital Management LLC’s holdings in Centerspace were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSR. Bank of New York Mellon Corp boosted its stake in Centerspace by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 167,277 shares of the company’s stock worth $16,413,000 after purchasing an additional 2,193 shares during the period. MetLife Investment Management LLC boosted its stake in Centerspace by 35.5% in the 1st quarter. MetLife Investment Management LLC now owns 7,203 shares of the company’s stock worth $707,000 after purchasing an additional 1,887 shares during the period. Rhumbline Advisers boosted its stake in Centerspace by 2.4% in the 1st quarter. Rhumbline Advisers now owns 42,807 shares of the company’s stock worth $4,200,000 after purchasing an additional 1,005 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Centerspace by 19.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,933 shares of the company’s stock worth $1,269,000 after purchasing an additional 2,139 shares during the period. Finally, BlackRock Inc. boosted its stake in Centerspace by 2.2% in the 1st quarter. BlackRock Inc. now owns 2,736,058 shares of the company’s stock worth $268,463,000 after purchasing an additional 58,404 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSR has been the topic of several analyst reports. BMO Capital Markets cut their price target on shares of Centerspace from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, October 9th. Royal Bank of Canada raised shares of Centerspace from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $63.00 in a research report on Tuesday, January 16th. Robert W. Baird cut their price target on shares of Centerspace from $69.00 to $65.00 in a research report on Tuesday, October 10th. Compass Point raised shares of Centerspace from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Monday, November 6th. Finally, Piper Sandler cut their price target on shares of Centerspace from $65.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.71.

View Our Latest Report on CSR

Centerspace Stock Down 1.5 %

Shares of CSR stock opened at $55.17 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.14 and a current ratio of 0.14. The firm’s 50-day moving average is $55.99 and its 200-day moving average is $57.85. The stock has a market cap of $830.47 million, a price-to-earnings ratio of 20.14, a PEG ratio of 1.71 and a beta of 0.99. Centerspace has a 52-week low of $46.74 and a 52-week high of $71.97.

Centerspace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.73 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.92 annualized dividend and a yield of 5.29%. Centerspace’s dividend payout ratio is currently 106.57%.

About Centerspace

(Free Report)

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.

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Institutional Ownership by Quarter for Centerspace (NYSE:CSR)

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