Centerspace (NYSE:CSR) Shares Sold by Exchange Traded Concepts LLC

Posted by Defense World Staff on Oct 7th, 2023

Exchange Traded Concepts LLC decreased its holdings in Centerspace (NYSE:CSR – Free Report) by 3.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,073 shares of the company’s stock after selling 300 shares during the quarter. Exchange Traded Concepts LLC owned 0.06% of Centerspace worth $557,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its holdings in Centerspace by 33.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,514 shares of the company’s stock worth $738,000 after purchasing an additional 3,383 shares during the period. Heitman Real Estate Securities LLC raised its position in Centerspace by 56.3% during the first quarter. Heitman Real Estate Securities LLC now owns 471,557 shares of the company’s stock worth $25,761,000 after acquiring an additional 169,783 shares during the period. Bank of New York Mellon Corp lifted its holdings in Centerspace by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 171,038 shares of the company’s stock valued at $9,344,000 after purchasing an additional 7,883 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Centerspace by 4,053.4% during the first quarter. Tower Research Capital LLC TRC now owns 7,393 shares of the company’s stock valued at $404,000 after purchasing an additional 7,215 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Centerspace by 154.4% during the first quarter. SG Americas Securities LLC now owns 11,223 shares of the company’s stock valued at $613,000 after purchasing an additional 6,811 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSR. BTIG Research reaffirmed a “buy” rating and set a $69.00 price objective on shares of Centerspace in a report on Monday, September 25th. Royal Bank of Canada raised their target price on Centerspace from $62.00 to $67.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.50.

Check Out Our Latest Research Report on CSR

Centerspace Stock Performance

NYSE:CSR opened at $57.92 on Friday. The company’s 50-day moving average price is $61.86 and its 200-day moving average price is $59.98. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.67. The company has a market cap of $865.90 million, a P/E ratio of 26.45, a P/E/G ratio of 1.78 and a beta of 0.93. Centerspace has a twelve month low of $51.26 and a twelve month high of $71.97.

Centerspace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.92 dividend on an annualized basis and a yield of 5.04%. Centerspace’s payout ratio is 133.33%.

Centerspace Profile

(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 June 30, 2023, Centerspace owned interests in 75 apartment communities consisting of 13,497 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.