9,401 Shares in Centerspace (NYSE:CSR) Bought by Jump Financial LLC

Jump Financial LLC purchased a new position in shares of Centerspace (NYSE:CSR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,401 shares of the company's stock, valued at approximately $622,000. Jump Financial LLC owned approximately 0.06% of Centerspace as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CSR. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 300 shares during the period. Sterling Capital Management LLC increased its position in shares of Centerspace by 903.8% during the fourth quarter. Sterling Capital Management LLC now owns 522 shares of the company's stock worth $35,000 after acquiring an additional 470 shares in the last quarter. KBC Group NV raised its holdings in shares of Centerspace by 75.9% during the fourth quarter. KBC Group NV now owns 1,080 shares of the company's stock worth $71,000 after acquiring an additional 466 shares during the period. Summit Investment Advisors Inc. lifted its position in Centerspace by 15.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,732 shares of the company's stock valued at $115,000 after acquiring an additional 229 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Centerspace in the 4th quarter worth $196,000. Institutional investors and hedge funds own 79.00% of the company's stock.

Centerspace Price Performance

Shares of CSR traded down $0.10 during midday trading on Friday, hitting $59.58. The company's stock had a trading volume of 86,729 shares, compared to its average volume of 111,487. 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 one year low of $54.13 and a one year high of $76.16. The stock has a market capitalization of $996.54 million, a price-to-earnings ratio of -46.91 and a beta of 0.79. The company's fifty day simple moving average is $62.14 and its two-hundred day simple moving average is $65.41.

Centerspace (NYSE:CSR - Get Free Report) last released 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 firm had revenue of $66.41 million for the quarter, compared to analysts' expectations of $65.96 million. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. As a group, equities analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 28th were issued a dividend of $0.77 per share. This is an increase from Centerspace's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.08 annualized dividend and a dividend yield of 5.17%. Centerspace's dividend payout ratio (DPR) is -242.52%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Centerspace from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Raymond James raised Centerspace from a "market perform" rating to an "outperform" rating and set a $66.00 target price on the stock in a report on Monday, April 21st. 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 report on Wednesday, January 15th. Wells Fargo & Company initiated coverage on Centerspace in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $68.00 price target for the company. Finally, UBS Group began coverage on Centerspace in a report on Monday, April 7th. They set a "neutral" rating and a $67.00 target price for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.70.

Centerspace 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.