UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Centerspace (NYSE:CSR - Free Report) by 79.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,379 shares of the company's stock after selling 85,441 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Centerspace worth $1,480,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Centerspace by 370.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Centerspace by 903.8% during the 4th quarter. Sterling Capital Management LLC now owns 522 shares of the company's stock valued at $35,000 after purchasing an additional 470 shares during the last quarter. KBC Group NV lifted its holdings in shares of Centerspace by 75.9% during the 4th quarter. KBC Group NV now owns 1,080 shares of the company's stock valued at $71,000 after purchasing an additional 466 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Centerspace by 15.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,732 shares of the company's stock worth $115,000 after purchasing an additional 229 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Centerspace during the 4th quarter worth $196,000. 79.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on CSR shares. Wells Fargo & Company assumed 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. UBS Group started coverage on shares of Centerspace in a research report on Monday, April 7th. They set a "neutral" rating and a $67.00 target price on the stock. Royal Bank of Canada lifted their price objective 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 raised Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 target price on the stock in a research report on Friday, April 4th. Finally, Raymond James upgraded Centerspace from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $66.00 to $69.00 in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.56.
Get Our Latest Analysis on Centerspace
Centerspace Stock Performance
NYSE:CSR traded up $0.48 during trading hours on Thursday, reaching $64.72. The company had a trading volume of 54,939 shares, compared to its average volume of 113,951. Centerspace has a 1-year low of $54.13 and a 1-year high of $76.16. 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 business's 50 day moving average price is $60.81 and its 200-day moving average price is $63.39. The firm has a market cap of $1.08 billion, a PE ratio of -50.96 and a beta of 0.75.
Centerspace (NYSE:CSR - Get Free Report) last posted 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 return on equity of 1.34% and a negative net margin of 4.34%. Research analysts forecast that Centerspace will post 4.94 EPS for the current year.
Centerspace Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 27th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.76%. Centerspace's dividend payout ratio (DPR) is -275.00%.
About Centerspace
(
Free Report)
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.
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