BNP Paribas Financial Markets Invests $687,000 in Centerspace (NYSE:CSR)

BNP Paribas Financial Markets acquired a new stake in shares of Centerspace (NYSE:CSR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,379 shares of the company's stock, valued at approximately $687,000. BNP Paribas Financial Markets owned approximately 0.06% of Centerspace as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Centerspace by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock valued at $171,617,000 after acquiring an additional 195,629 shares during the period. Geode Capital Management LLC increased its position in shares of Centerspace by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 415,680 shares of the company's stock valued at $27,503,000 after acquiring an additional 28,163 shares during the period. Northern Trust Corp boosted its stake in shares of Centerspace by 28.5% during the 4th quarter. Northern Trust Corp now owns 230,816 shares of the company's stock valued at $15,268,000 after purchasing an additional 51,259 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Centerspace by 17.7% during the 4th quarter. JPMorgan Chase & Co. now owns 227,399 shares of the company's stock valued at $15,042,000 after purchasing an additional 34,157 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Centerspace by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 224,596 shares of the company's stock worth $14,856,000 after buying an additional 3,111 shares in the last quarter. Hedge funds and other institutional investors own 79.00% of the company's stock.

Centerspace Stock Performance

NYSE:CSR traded down $0.54 during trading hours on Wednesday, hitting $61.97. 6,180 shares of the company were exchanged, compared to its average volume of 111,941. The company's 50 day moving average price is $60.77 and its 200-day moving average price is $64.04. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -48.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.04 and a quick ratio of 0.05. Centerspace has a 52-week low of $54.13 and a 52-week high of $76.16.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.21. The firm had revenue of $67.09 million for the quarter, compared to the consensus estimate of $66.70 million. Centerspace had a negative net margin of 4.34% and a negative return on equity of 1.34%. As a group, research analysts forecast that Centerspace will post 4.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Centerspace from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. BMO Capital Markets upgraded shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price target for the company in a research report on Friday, April 4th. UBS Group initiated coverage on shares of Centerspace in a research report on Monday, April 7th. They issued a "neutral" rating and a $67.00 price target for the company. Piper Sandler dropped their price target on shares of Centerspace from $75.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Raymond James upgraded shares of Centerspace from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $66.00 to $69.00 in a research report on Thursday, May 15th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Centerspace currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.56.

About Centerspace

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.