Systematic Financial Management LP Boosts Stake in Centerspace $CSR

Systematic Financial Management LP raised its position in shares of Centerspace (NYSE:CSR) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,533 shares of the company’s stock after acquiring an additional 50,350 shares during the period. Systematic Financial Management LP’s holdings in Centerspace were worth $20,385,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in Centerspace by 57,100.0% during the fourth quarter. Covestor Ltd now owns 572 shares of the company’s stock valued at $38,000 after acquiring an additional 571 shares during the period. Hantz Financial Services Inc. grew its position in Centerspace by 998.3% during the third quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock valued at $39,000 after acquiring an additional 599 shares during the period. Danske Bank A S purchased a new stake in Centerspace during the fourth quarter valued at about $47,000. GAMMA Investing LLC grew its position in Centerspace by 107.0% during the fourth quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock valued at $63,000 after acquiring an additional 487 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Centerspace by 64.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $136,000 after acquiring an additional 879 shares during the period. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Centerspace Price Performance

CSR stock opened at $68.09 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03. Centerspace has a 1 year low of $52.76 and a 1 year high of $69.61. The firm has a market cap of $1.14 billion, a P/E ratio of 151.31 and a beta of 0.89. The stock has a 50-day simple moving average of $63.45 and a 200-day simple moving average of $64.13.

Centerspace (NYSE:CSR) last posted 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 net margin of 2.93% and a return on equity of 0.94%. The company had revenue of $65.07 million during the quarter, compared to analyst estimates of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, equities analysts predict that Centerspace will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CSR. Wells Fargo & Company lowered their price target on Centerspace from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings raised Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on Centerspace from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, UBS Group boosted their price target on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.40.

Centerspace Profile

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.