2 weeks Ago By Defense World Staff
Prudential Financial Inc. lifted its holdings in Centerspace (NYSE:CSR – Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the SEC.
The firm owned 22,548 shares of the company’s stock after purchasing an additional 680 shares during the period. Prudential Financial Inc. owned about 0.
14% of Centerspace worth $1,492,000 at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its position in Centerspace by 4.
6% during the 4th quarter. Yousif Capital Management LLC now owns 6,226 shares of the company’s stock valued at $412,000 after acquiring an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Centerspace by 8.
4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,861 shares of the company’s stock valued at $255,000 after purchasing an additional 300 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Centerspace by 370.
4% in the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Centerspace by 3.
4% in the third quarter. MetLife Investment Management LLC now owns 9,091 shares of the company’s stock worth $641,000 after purchasing an additional 303 shares in the last quarter. Finally, Daiwa Securities Group Inc.
lifted its position in shares of Centerspace by 7.3% during the fourth quarter. Daiwa Securities Group Inc.
now owns 5,400 shares of the company’s stock valued at $357,000 after buying an additional 368 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.
Centerspace Stock PerformanceCSR opened at $60.14 on Friday. 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 has a 12-month low of $56.06 and a 12-month high of $76.16.
The firm has a 50 day moving average of $63.37 and a two-hundred day moving average of $67.00.
The firm has a market capitalization of $1.01 billion, a PE ratio of -47.35 and a beta of 0.
79. Centerspace (NYSE:CSR – Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $1.
21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $1.36.
The company had revenue of $66.41 million during the quarter, compared to the consensus estimate of $65.96 million.
Centerspace had a negative net margin of 4.34% and a negative return on equity of 1.34%.
On average, analysts anticipate that Centerspace will post 4.94 EPS for the current year. Centerspace Increases DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th.
Shareholders of record on Friday, March 28th will be issued a $0.77 dividend. This is a positive change from Centerspace’s previous quarterly dividend of $0.
75. This represents a $3.08 annualized dividend and a yield of 5.
12%. The ex-dividend date of this dividend is Friday, March 28th. Centerspace’s dividend payout ratio (DPR) is presently -242.
52%. Analysts Set New Price TargetsSeveral research analysts recently commented on CSR shares. 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 research note on Wednesday, January 15th. Wedbush started coverage on Centerspace in a report on Tuesday, December 17th. They set a “neutral” rating and a $72.
00 price objective for the company. Wells Fargo & Company assumed coverage on Centerspace in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $68.
00 target price on the stock. BMO Capital Markets upgraded Centerspace from a “market perform” rating to an “outperform” rating and set a $77.00 price target for the company in a research note on Friday.
Finally, Royal Bank of Canada boosted their price target on Centerspace from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.
Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.
00.Check Out Our Latest Stock Report on CenterspaceAbout 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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