Marshall Wace LLP Has $4.32 Million Position in Centerspace (NYSE:CSR)

Marshall Wace LLP cut its stake in shares of Centerspace (NYSE:CSR - Free Report) by 57.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,232 shares of the company's stock after selling 88,844 shares during the period. Marshall Wace LLP owned approximately 0.39% of Centerspace worth $4,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSR. Smartleaf Asset Management LLC increased its stake in shares of Centerspace by 370.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Centerspace by 903.8% during the fourth quarter. Sterling Capital Management LLC now owns 522 shares of the company's stock valued at $35,000 after purchasing an additional 470 shares during the period. KBC Group NV grew its holdings in Centerspace by 75.9% during the fourth quarter. KBC Group NV now owns 1,080 shares of the company's stock valued at $71,000 after purchasing an additional 466 shares during the period. Summit Investment Advisors Inc. increased its stake in Centerspace by 15.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,732 shares of the company's stock valued at $115,000 after purchasing an additional 229 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Centerspace in the fourth quarter worth $196,000. Institutional investors own 79.00% of the company's stock.

Centerspace Stock Down 0.2 %

CSR traded down $0.10 on Friday, hitting $59.58. 86,729 shares of the company were exchanged, compared to its average volume of 111,487. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.05 and a current ratio of 0.04. The stock's fifty day moving average is $62.14 and its 200-day moving average is $65.38. The company has a market cap of $996.54 million, a PE ratio of -46.91 and a beta of 0.79. Centerspace has a 12 month low of $54.13 and a 12 month high of $76.16.

Centerspace (NYSE:CSR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.21 EPS for the quarter, beating the consensus estimate 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 return on equity of 1.34% and a negative net margin of 4.34%. Equities research analysts predict that Centerspace will post 4.94 EPS for the current fiscal year.

Centerspace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders 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 5.17%. This is a boost from Centerspace's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 28th. Centerspace's dividend payout ratio is presently -242.52%.

Analyst Upgrades and Downgrades

CSR has been the subject of several research analyst reports. Raymond James raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $66.00 price target for the company in a report on Monday, April 21st. BMO Capital Markets upgraded shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 target price on the stock in a report on Friday, April 4th. Janney Montgomery Scott upgraded shares of Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Wednesday, January 15th. UBS Group initiated coverage on shares of Centerspace in a report on Monday, April 7th. They set a "neutral" rating and a $67.00 price objective on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Centerspace in a research note 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 five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.70.

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.