1 week Ago By ABMN Staff
Barclays PLC reduced its stake in Centerspace ( NYSE:CSR – Free Report ) by 36.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 65,409 shares of the company’s stock after selling 37,450 shares during the period.
Barclays PLC’s holdings in Centerspace were worth $4,327,000 at the end of the most recent quarter. Several other large investors also recently added to or reduced their stakes in CSR. Summit Investment Advisors Inc.
grew its holdings in shares of Centerspace by 15.2% during 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 during the period. Yousif Capital Management LLC grew its holdings in shares of Centerspace by 4.6% during the 4th quarter.
Yousif Capital Management LLC now owns 6,226 shares of the company’s stock worth $412,000 after purchasing an additional 276 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Centerspace by 8.4% during the 4th quarter.
Oregon Public Employees Retirement Fund now owns 3,861 shares of the company’s stock worth $255,000 after purchasing an additional 300 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Centerspace by 370.4% during the 4th quarter.
Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Centerspace by 7.
3% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,400 shares of the company’s stock worth $357,000 after purchasing an additional 368 shares during the period.
79.00% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades CSR has been the subject of a number of research analyst reports.
Royal Bank of Canada raised their target price on Centerspace from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, February 20th.
Wells Fargo & Company began coverage on shares of Centerspace in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $68.00 price objective for the company.
BMO Capital Markets upgraded shares of Centerspace from a “market perform” rating to an “outperform” rating and set a $77.00 price objective for the company in a report on Friday, April 4th. Raymond James upgraded shares of Centerspace from a “market perform” rating to an “outperform” rating and set a $66.
00 price objective for the company in a report on Monday, April 21st. Finally, Janney Montgomery Scott upgraded shares of Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, January 15th.
Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Centerspace has an average rating of “Moderate Buy” and an average price target of $71.
70. Centerspace Trading Down 0.2 % Shares of Centerspace stock opened at $59.
58 on Monday. The company has a fifty day simple moving average of $62.14 and a 200-day simple moving average of $65.
38. Centerspace has a 12-month low of $54.13 and a 12-month 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. The stock has a market cap of $996.
54 million, a price-to-earnings ratio of -46.91 and a beta of 0.79.
Centerspace ( NYSE:CSR – Get Free Report ) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of ($0.
15) by $1.36. Centerspace had a negative net margin of 4.
34% and a negative return on equity of 1.34%. The firm had revenue of $66.
41 million during the quarter, compared to the consensus estimate of $65.96 million. On average, equities analysts forecast 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. Shareholders of record on Friday, March 28th were given a dividend of $0.
77 per share. The ex-dividend date was Friday, March 28th. This represents a $3.
08 dividend on an annualized basis and a yield of 5.17%. This is an increase from Centerspace’s previous quarterly dividend of $0.
75. Centerspace’s dividend payout ratio is presently -242.52%.
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. Read More Want to see what other hedge funds are holding CSR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Centerspace ( NYSE:CSR – Free Report ). Receive News & Ratings for Centerspace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerspace and related companies with MarketBeat.com's FREE daily email newsletter .
.
