Jane Street Group LLC Lowers Holdings in Centerspace (NYSE:CSR)

Jane Street Group LLC trimmed its position in Centerspace (NYSE:CSR - Free Report) by 76.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,236 shares of the company's stock after selling 20,318 shares during the quarter. Jane Street Group LLC's holdings in Centerspace were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSR. Vanguard Group Inc. grew its holdings in Centerspace by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock worth $171,617,000 after acquiring an additional 195,629 shares during the last quarter. Barclays PLC grew its stake in shares of Centerspace by 1,553.4% in the third quarter. Barclays PLC now owns 102,859 shares of the company's stock worth $7,249,000 after purchasing an additional 96,638 shares during the last quarter. Norges Bank purchased a new position in Centerspace during the 4th quarter valued at about $4,768,000. Northern Trust Corp increased its holdings in 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 during the period. Finally, JPMorgan Chase & Co. raised its position in 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 during the last quarter. 79.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CSR. UBS Group initiated coverage on Centerspace in a research report on Monday, April 7th. They issued a "neutral" rating and a $67.00 price objective on the stock. Wells Fargo & Company started coverage on Centerspace in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $68.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of Centerspace from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Raymond James upgraded shares of Centerspace from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $66.00 to $69.00 in a report on Thursday, May 15th. Finally, Piper Sandler dropped their target price 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. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.56.

Centerspace Stock Up 0.3%

CSR stock traded up $0.16 during midday trading on Wednesday, hitting $63.87. The stock had a trading volume of 74,430 shares, compared to its average volume of 113,307. The business has a 50-day moving average of $60.70 and a two-hundred day moving average of $63.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.04 and a quick ratio of 0.05. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -50.29 and a beta of 0.75. 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 earnings results on Thursday, May 1st. The company reported $1.21 EPS for the quarter, meeting analysts' consensus estimates of $1.21. The firm had revenue of $67.09 million for the quarter, compared to analysts' expectations 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, equities research analysts forecast that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 27th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Friday, June 27th. Centerspace's dividend payout ratio (DPR) is presently -275.00%.

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.