Capstone Wealth Management Inc. Purchases Shares of 21,196 Centerspace $CSR

Capstone Wealth Management Inc. acquired a new position in shares of Centerspace (NYSE:CSR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,196 shares of the company’s stock, valued at approximately $1,397,000. Centerspace makes up 1.2% of Capstone Wealth Management Inc.’s investment portfolio, making the stock its 18th largest holding. Capstone Wealth Management Inc. owned 0.13% of Centerspace at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its position in shares of Centerspace by 17.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,836 shares of the company’s stock valued at $323,000 after acquiring an additional 718 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Centerspace by 13.8% in the 4th quarter. NewEdge Advisors LLC now owns 17,129 shares of the company’s stock valued at $1,143,000 after purchasing an additional 2,074 shares during the period. XTX Topco Ltd acquired a new stake in Centerspace in the 4th quarter valued at about $928,000. Adelante Capital Management LLC bought a new position in Centerspace during the fourth quarter worth about $4,808,000. Finally, Wellington Management Group LLP increased its position in Centerspace by 324.4% during the fourth quarter. Wellington Management Group LLP now owns 855,869 shares of the company’s stock worth $57,104,000 after buying an additional 654,209 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSR shares. Piper Sandler raised Centerspace from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $72.00 in a research report on Tuesday, April 7th. Wall Street Zen raised Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. UBS Group upped their price objective on shares of Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. BTIG Research cut shares of Centerspace from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Royal Bank Of Canada decreased 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. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Centerspace has a consensus rating of “Hold” and an average price target of $68.80.

Centerspace Price Performance

Shares of Centerspace stock opened at $55.46 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. The stock has a market capitalization of $931.71 million, a price-to-earnings ratio of 123.24 and a beta of 0.88. Centerspace has a twelve month low of $52.76 and a twelve month high of $69.61. The company has a 50-day simple moving average of $64.09 and a two-hundred day simple moving average of $63.64.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, May 4th. The company reported ($0.77) earnings per share (EPS) 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 business 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 forecast that Centerspace will post 4.85 EPS for the current year.

Centerspace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Monday, June 29th will be given 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 yield of 5.6%. Centerspace’s dividend payout ratio is currently 684.44%.

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.