Jackson Creek Investment Advisors LLC Makes New $1.03 Million Investment in Centerspace (NYSE:CSR)

Jackson Creek Investment Advisors LLC bought a new position in shares of Centerspace (NYSE:CSR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,605 shares of the company's stock, valued at approximately $1,025,000. Jackson Creek Investment Advisors LLC owned 0.12% of Centerspace at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Centerspace by 4.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,605 shares of the company's stock worth $398,000 after acquiring an additional 290 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Centerspace by 1.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 23,023 shares of the company's stock worth $1,366,000 after buying an additional 301 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Centerspace by 2.6% in the 4th quarter. SG Americas Securities LLC now owns 12,662 shares of the company's stock worth $737,000 after buying an additional 318 shares in the last quarter. New York State Common Retirement Fund grew its stake in Centerspace by 1.6% in the 4th quarter. New York State Common Retirement Fund now owns 20,679 shares of the company's stock valued at $1,204,000 after acquiring an additional 329 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Centerspace by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 2,118 shares of the company's stock valued at $123,000 after acquiring an additional 348 shares in the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler reiterated a "neutral" rating and issued a $63.00 price target on shares of Centerspace in a research report on Tuesday, March 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Centerspace in a report on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Centerspace currently has an average rating of "Moderate Buy" and an average price target of $65.57.

Insider Buying and Selling

In other news, Director John A. Schissel acquired 500 shares of the company's stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $56.40 per share, for a total transaction of $28,200.00. Following the acquisition, the director now directly owns 9,522 shares in the company, valued at approximately $537,040.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.92% of the stock is currently owned by company insiders.

Centerspace Trading Up 4.0 %

NYSE CSR traded up $2.60 during mid-day trading on Tuesday, reaching $67.32. 181,983 shares of the stock were exchanged, compared to its average volume of 81,134. The business's fifty day simple moving average is $58.32 and its 200 day simple moving average is $55.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $1.00 billion, a PE ratio of 28.89, a PEG ratio of 1.95 and a beta of 0.93. Centerspace has a 1-year low of $46.74 and a 1-year high of $67.87.

Centerspace (NYSE:CSR - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($1.49). The business had revenue of $64.51 million for the quarter, compared to analyst estimates of $65.30 million. Centerspace had a return on equity of 4.76% and a net margin of 15.81%. During the same quarter last year, the business earned $1.07 EPS. On average, research analysts anticipate that Centerspace will post 4.74 earnings per share for the current fiscal year.

Centerspace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Thursday, March 28th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 4.46%. This is an increase from Centerspace's previous quarterly dividend of $0.73. The ex-dividend date was Wednesday, March 27th. Centerspace's payout ratio is presently 128.76%.

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.