Centerspace (NYSE:CSR) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC raised its position in Centerspace (NYSE:CSR - Free Report) by 145.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,177 shares of the company's stock after acquiring an additional 5,442 shares during the quarter. EntryPoint Capital LLC owned approximately 0.06% of Centerspace worth $607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Centerspace by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock worth $171,617,000 after purchasing an additional 195,629 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Centerspace by 6.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,019,353 shares of the company's stock worth $71,834,000 after buying an additional 61,394 shares during the last quarter. State Street Corp increased its holdings in shares of Centerspace by 0.5% in the 3rd quarter. State Street Corp now owns 897,749 shares of the company's stock valued at $63,931,000 after acquiring an additional 4,263 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Centerspace by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 387,517 shares of the company's stock worth $27,314,000 after acquiring an additional 11,749 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Centerspace by 9.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 275,511 shares of the company's stock worth $19,415,000 after purchasing an additional 23,839 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company's stock.

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Analyst Ratings Changes

CSR has been the topic of several recent analyst reports. Janney Montgomery Scott upgraded shares of Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research note on Wednesday, January 15th. Wedbush assumed coverage on shares of Centerspace in a research note on Tuesday, December 17th. They set a "neutral" rating and a $72.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Centerspace from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company started coverage on Centerspace in a report on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Centerspace presently has an average rating of "Hold" and an average target price of $73.63.

Centerspace Stock Performance

NYSE CSR traded down $0.95 during trading on Friday, reaching $63.72. The company's stock had a trading volume of 90,232 shares, compared to its average volume of 110,446. 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 twelve month low of $54.90 and a twelve month high of $76.16. The business's fifty day moving average price is $63.18 and its 200-day moving average price is $67.37. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -50.17 and a beta of 0.91.

Centerspace (NYSE:CSR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $1.36. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. The company had revenue of $66.41 million for the quarter, compared to the consensus estimate of $65.96 million. As a group, analysts anticipate that Centerspace will post 4.94 EPS for the current fiscal year.

Centerspace Increases Dividend

The company also recently disclosed 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. This is a boost from Centerspace's previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, March 28th. Centerspace's payout ratio is currently -242.52%.

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.