Centerspace (NYSE:CSR) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lifted its holdings in Centerspace (NYSE:CSR - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 834,251 shares of the company's stock after acquiring an additional 54,204 shares during the period. Silvercrest Asset Management Group LLC owned approximately 5.03% of Centerspace worth $55,186,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CSR. ProShare Advisors LLC boosted its stake in shares of Centerspace by 56.4% in the fourth quarter. ProShare Advisors LLC now owns 4,987 shares of the company's stock valued at $330,000 after purchasing an additional 1,799 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Centerspace by 7.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,503 shares of the company's stock valued at $959,000 after purchasing an additional 1,024 shares during the period. Graham Capital Management L.P. purchased a new position in shares of Centerspace in the fourth quarter valued at $227,000. Deutsche Bank AG boosted its stake in shares of Centerspace by 28.5% in the fourth quarter. Deutsche Bank AG now owns 19,400 shares of the company's stock valued at $1,283,000 after purchasing an additional 4,301 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Centerspace by 163.1% in the fourth quarter. Cubist Systematic Strategies LLC now owns 28,052 shares of the company's stock valued at $1,856,000 after purchasing an additional 17,391 shares during the period. Institutional investors and hedge funds own 79.00% of the company's stock.

Centerspace Stock Performance

Shares of Centerspace stock traded up $0.56 during trading hours on Monday, reaching $63.86. The company's stock had a trading volume of 96,929 shares, compared to its average volume of 111,160. The company's 50 day simple moving average is $60.93 and its 200 day simple moving average is $64.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.05 and a current ratio of 0.04. Centerspace has a one year low of $54.13 and a one year high of $76.16. The stock has a market cap of $1.07 billion, a P/E ratio of -50.28 and a beta of 0.77.

Centerspace (NYSE:CSR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.21. Centerspace had a negative net margin of 4.34% and a negative return on equity of 1.34%. The company had revenue of $67.09 million for the quarter, compared to the consensus estimate of $66.70 million. As a group, analysts expect that Centerspace will post 4.94 EPS for the current fiscal year.

Centerspace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 28th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Friday, March 28th. This is a boost from Centerspace's previous quarterly dividend of $0.75. Centerspace's dividend payout ratio (DPR) is -275.00%.

Analysts Set New Price Targets

CSR has been the topic of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Centerspace from $75.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. UBS Group initiated coverage on shares of Centerspace in a research note on Monday, April 7th. They set a "neutral" rating and a $67.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of Centerspace from $71.00 to $72.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. 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 price objective on the stock. Finally, Raymond James upgraded shares of Centerspace from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $66.00 to $69.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $71.56.

Centerspace Company 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.