Centerspace (CSR)

• Market cap: $1.09B
• 1 day: 1.95%
• 5 days: -5.09%
• 1 month: -9.01%
• 3 months: -9.79%
• 6 months: -3.15%
• Year to date: 15.28%
• 1 year: 12.97%
• 5 years: -9.97%
• 10 years: -22.98%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment which includes the ownership, management, development, redevelopment, and acquisition of apartment communities and they conduct their corporate operations from offices in Minot, North Dakota and Minneapolis, Minnesota.

Employees: 414

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

144% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 16

84% more call options, than puts

Call options by funds: $324K | Put options by funds: $176K

16% more capital invested

Capital invested by funds: $817M [Q2] → $946M (+$129M) [Q3]

14% more funds holding

Funds holding: 167 [Q2] → 190 (+23) [Q3]

6.72% more ownership

Funds ownership: 81.31% [Q2] → 88.03% (+6.72%) [Q3]

4% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 56

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $72 9% upside
• Avg. target: $74 12% upside
• High target: $76 15% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Wedbush Richard Anderson 58% 1-year accuracy 15 / 26 met price target	9% upside $72	Neutral Initiated	17 Dec 2024
RBC Capital Brad Heffern 47% 1-year accuracy 18 / 38 met price target	15% upside $76	Outperform Reiterated	30 Oct 2024