Centerspace (NYSE:CSR) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in shares of Centerspace (NYSE:CSR - Free Report) by 57.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 65,232 shares of the company's stock after selling 88,844 shares during the period. Marshall Wace LLP owned approximately 0.39% of Centerspace worth $4,315,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Centerspace by 370.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock worth $25,000 after acquiring an additional 300 shares during the period. Sterling Capital Management LLC raised its stake in shares of Centerspace by 903.8% during the 4th quarter. Sterling Capital Management LLC now owns 522 shares of the company's stock worth $35,000 after buying an additional 470 shares during the period. KBC Group NV increased its holdings in Centerspace by 75.9% in the 4th quarter. KBC Group NV now owns 1,080 shares of the company's stock worth $71,000 after acquiring an additional 466 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in Centerspace by 15.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,732 shares of the company's stock valued at $115,000 after purchasing an additional 229 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Centerspace during the fourth quarter worth about $196,000. Institutional investors and hedge funds own 79.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CSR shares. BMO Capital Markets raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price objective for the company in a research note on Friday, April 4th. Wells Fargo & Company began coverage on Centerspace in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 price objective on the stock. Janney Montgomery Scott raised Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research note on Wednesday, January 15th. Raymond James raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $66.00 price target on the stock in a research report on Monday, April 21st. Finally, UBS Group assumed coverage on shares of Centerspace in a research report on Monday, April 7th. They set a "neutral" rating and a $67.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Centerspace has an average rating of "Moderate Buy" and an average price target of $71.70.

Centerspace Trading Down 0.2 %

Shares of CSR traded down $0.11 during trading on Wednesday, reaching $60.29. 80,923 shares of the company traded hands, compared to its average volume of 111,156. The stock has a 50-day simple moving average of $61.90 and a 200-day simple moving average of $65.25. The stock has a market cap of $1.01 billion, a PE ratio of -47.47 and a beta of 0.79. Centerspace has a twelve month low of $54.13 and a twelve month high of $76.16. The company has a quick ratio of 0.05, a current ratio of 0.04 and a debt-to-equity ratio of 0.74.

Centerspace (NYSE:CSR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $1.36. The firm had revenue of $66.41 million during the quarter, compared to analysts' expectations of $65.96 million. Centerspace had a negative net margin of 4.34% and a negative return on equity of 1.34%. On average, analysts anticipate that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 28th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.11%. This is a positive change from Centerspace's previous quarterly dividend of $0.75. Centerspace's dividend payout ratio is currently -242.52%.

Centerspace Company 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.