Nomura Asset Management Co. Ltd. Has $1.47 Million Stock Position in Centerspace (NYSE:CSR)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Centerspace (NYSE:CSR - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,150 shares of the company's stock after buying an additional 3,880 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.13% of Centerspace worth $1,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Centerspace by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 193,242 shares of the company's stock worth $13,618,000 after acquiring an additional 39,380 shares during the period. Geode Capital Management LLC lifted its position in Centerspace by 3.1% in the third quarter. Geode Capital Management LLC now owns 387,517 shares of the company's stock worth $27,314,000 after purchasing an additional 11,749 shares during the period. Principal Financial Group Inc. boosted its stake in Centerspace by 11.6% during the 4th quarter. Principal Financial Group Inc. now owns 90,753 shares of the company's stock valued at $6,003,000 after purchasing an additional 9,415 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Centerspace during the 3rd quarter valued at $234,000. Finally, Intech Investment Management LLC raised its stake in shares of Centerspace by 76.8% in the 4th quarter. Intech Investment Management LLC now owns 10,108 shares of the company's stock worth $669,000 after buying an additional 4,391 shares in the last quarter. 79.00% of the stock is owned by institutional investors.

Centerspace Stock Down 4.6 %

NYSE:CSR traded down $2.75 during trading hours on Monday, hitting $57.47. 143,091 shares of the stock traded hands, compared to its average volume of 111,165. The firm has a 50 day moving average price of $63.27 and a 200 day moving average price of $66.83. The firm has a market cap of $961.30 million, a price-to-earnings ratio of -45.25 and a beta of 0.79. Centerspace has a fifty-two week low of $56.06 and a fifty-two week high of $76.16. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.74.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, topping 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. Equities research 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 will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 28th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Centerspace's previous quarterly dividend of $0.75. Centerspace's dividend payout ratio is currently -242.52%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Centerspace from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. BMO Capital Markets upgraded shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 target price on the stock in a report on Friday. Wells Fargo & Company initiated coverage on shares of Centerspace in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 target price for the company. Janney Montgomery Scott upgraded shares of Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Wednesday, January 15th. Finally, Wedbush initiated coverage on Centerspace in a report on Tuesday, December 17th. They issued a "neutral" rating and a $72.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Centerspace currently has a consensus rating of "Hold" and an average price target of $73.30.

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.