Legal & General Group Plc decreased its holdings in shares of Centerspace (NYSE:CSR - Free Report) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,484 shares of the company's stock after selling 6,121 shares during the period. Legal & General Group Plc owned about 0.65% of Centerspace worth $7,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in CSR. JPMorgan Chase & Co. boosted its stake in Centerspace by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 193,242 shares of the company's stock worth $13,618,000 after purchasing an additional 39,380 shares during the last quarter. Geode Capital Management LLC raised its holdings in Centerspace by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 387,517 shares of the company's stock valued at $27,314,000 after acquiring an additional 11,749 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Centerspace by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 90,753 shares of the company's stock worth $6,003,000 after purchasing an additional 9,415 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Centerspace by 76.8% during the 4th quarter. Intech Investment Management LLC now owns 10,108 shares of the company's stock worth $669,000 after purchasing an additional 4,391 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Centerspace in the fourth quarter valued at approximately $417,000. Institutional investors and hedge funds own 79.00% of the company's stock.
Centerspace Price Performance
CSR stock traded up $0.51 during trading on Thursday, reaching $60.40. 12,121 shares of the company were exchanged, compared to its average volume of 110,975. Centerspace has a 52-week low of $54.13 and a 52-week high of $76.16. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.05 and a current ratio of 0.04. The company has a market cap of $1.01 billion, a P/E ratio of -47.60 and a beta of 0.79. The stock's 50 day moving average price is $62.25 and its 200 day moving average price is $65.59.
Centerspace (NYSE:CSR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $1.36. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. The firm had revenue of $66.41 million during the quarter, compared to the consensus estimate of $65.96 million. As a group, analysts predict that Centerspace will post 4.94 earnings per share for the current fiscal year.
Centerspace Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 28th were given a dividend of $0.77 per share. This is an increase from Centerspace's previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Friday, March 28th. Centerspace's payout ratio is currently -242.52%.
Analyst Upgrades and Downgrades
CSR has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on Centerspace in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 target price for the company. Raymond James raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $66.00 target price for the company in a research note on Monday. BMO Capital Markets raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price target on the stock in a research note on Friday, April 4th. Royal Bank of Canada increased their price objective on shares of Centerspace from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Janney Montgomery Scott raised Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $71.70.
Read Our Latest Stock Report on Centerspace
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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