2 weeks Ago By ABMN Staff
Prudential Financial Inc. grew its holdings in Centerspace ( NYSE:CSR – Free Report ) by 3.1% in the 4th quarter, HoldingsChannel reports.
The firm owned 22,548 shares of the company’s stock after purchasing an additional 680 shares during the quarter. Prudential Financial Inc.’s holdings in Centerspace were worth $1,492,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC grew its stake in 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 in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Centerspace by 8.4% during the fourth quarter.
Oregon Public Employees Retirement Fund now owns 3,861 shares of the company’s stock worth $255,000 after buying an additional 300 shares during the period. Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 300 shares in the last quarter. MetLife Investment Management LLC lifted its stake 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 acquiring an additional 303 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in 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 acquiring an additional 368 shares in the last quarter.
Institutional investors and hedge funds own 79.00% of the company’s stock. Analysts Set New Price Targets CSR has been the subject of a number of recent analyst reports.
Royal Bank of Canada lifted their price target 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 raised shares of Centerspace from a “market perform” rating to an “outperform” rating and set a $77.00 price objective on the stock in a report on Friday. Janney Montgomery Scott upgraded shares of Centerspace from a “neutral” rating to a “buy” rating and set a $72.
00 target price for the company in a report on Wednesday, January 15th. Wedbush began coverage on Centerspace in a report on Tuesday, December 17th. They set a “neutral” rating and a $72.
00 price objective on the stock. Finally, Wells Fargo & Company began coverage on Centerspace in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $68.
00 target price for the company. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.
com, the stock presently has an average rating of “Hold” and a consensus price target of $74.00. Centerspace Trading Down 2.
8 % Shares of CSR stock opened at $60.14 on Friday. The company has a quick ratio of 0.
05, a current ratio of 0.04 and a debt-to-equity ratio of 0.74.
Centerspace has a fifty-two week low of $56.06 and a fifty-two week high of $76.16.
The firm’s 50 day moving average price is $63.37 and its two-hundred day moving average price is $67.00.
The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -47.35 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $66.41 million during the quarter, compared to analyst estimates of $65.96 million.
On average, analysts anticipate that Centerspace will post 4.94 EPS for the current year. Centerspace Increases Dividend The company also recently declared 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. The ex-dividend date of this dividend is Friday, March 28th.
This represents a $3.08 annualized dividend and a dividend yield of 5.12%.
This is a positive change from Centerspace’s previous quarterly dividend of $0.75. Centerspace’s dividend payout ratio (DPR) 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.
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