Oregon Public Employees Retirement Fund Sells 200 Shares of Centerspace (NYSE:CSR)

Posted by on Oct 24th, 2023

Oregon Public Employees Retirement Fund lessened its position in Centerspace (NYSE:CSR – Free Report) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,661 shares of the company’s stock after selling 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Centerspace were worth $286,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in shares of Centerspace during the fourth quarter worth about $27,000. Captrust Financial Advisors bought a new stake in shares of Centerspace in the 2nd quarter worth approximately $46,000. Russell Investments Group Ltd. purchased a new position in shares of Centerspace during the first quarter valued at approximately $66,000. FMR LLC raised its holdings in shares of Centerspace by 20.5% during the first quarter. FMR LLC now owns 1,382 shares of the company’s stock valued at $75,000 after acquiring an additional 235 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Centerspace by 151.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,303 shares of the company’s stock worth $88,000 after acquiring an additional 784 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Centerspace Trading Down 3.3 %

NYSE:CSR opened at $51.33 on Tuesday. The firm has a market capitalization of $767.38 million, a P/E ratio of 23.44, a PEG ratio of 1.63 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.03 and a quick ratio of 0.03. Centerspace has a one year low of $51.08 and a one year high of $71.97. The company’s 50-day simple moving average is $60.11 and its 200 day simple moving average is $60.29.

Centerspace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th were given a $0.73 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.69%. Centerspace’s dividend payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

CSR has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Centerspace from $62.00 to $67.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. BTIG Research reissued a “buy” rating and issued a $69.00 price target on shares of Centerspace in a research note on Monday, September 25th. BMO Capital Markets lowered their price objective on shares of Centerspace from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, October 9th. Finally, Robert W. Baird reduced their target price on Centerspace from $69.00 to $65.00 in a report on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.00.

View Our Latest Stock Analysis on Centerspace

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 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.

Featured Stories

Want to see what other hedge funds are holding CSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centerspace (NYSE:CSR – Free Report).

Institutional Ownership by Quarter for Centerspace (NYSE:CSR)

Receive News & Ratings for Centerspace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerspace and related companies with MarketBeat.com's FREE daily email newsletter.