17,605 Shares in Centerspace (NYSE:CSR) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new position in Centerspace (NYSE:CSR) during the 4th quarter, HoldingsChannel reports. The fund bought 17,605 shares of the company’s stock, valued at approximately $1,025,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp lifted its position in Centerspace by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 2,118 shares of the company’s stock valued at $123,000 after purchasing an additional 348 shares during the period. New York State Common Retirement Fund boosted its position in Centerspace by 1.6% during the 4th quarter. New York State Common Retirement Fund now owns 20,679 shares of the company’s stock worth $1,204,000 after acquiring an additional 329 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Centerspace by 10.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,055 shares of the company’s stock worth $1,051,000 after acquiring an additional 1,666 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Centerspace during the fourth quarter worth about $436,000. Finally, Meeder Asset Management Inc. acquired a new stake in Centerspace during the 4th quarter valued at $149,000. 79.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 target price on shares of Centerspace in a report on Friday, March 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $63.00 target price on shares of Centerspace in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.57.

Insider Buying and Selling at Centerspace

In related news, Director John A. Schissel bought 500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of $56.40 per share, with a total value of $28,200.00. Following the completion of the purchase, the director now directly owns 9,522 shares in the company, valued at $537,040.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Centerspace Price Performance

Shares of NYSE CSR traded up $2.53 during mid-day trading on Tuesday, reaching $67.25. The company had a trading volume of 147,099 shares, compared to its average volume of 81,134. Centerspace has a one year low of $46.74 and a one year high of $67.87. The business’s 50-day simple moving average is $58.32 and its 200 day simple moving average is $55.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.95 and a beta of 0.93.

Centerspace (NYSE:CSR) last released its earnings results on Monday, April 29th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of $1.12 by ($1.49). Centerspace had a return on equity of 4.76% and a net margin of 15.81%. The business had revenue of $64.51 million for the quarter, compared to the consensus estimate of $65.30 million. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, research analysts predict that Centerspace will post 4.74 earnings per share for the current fiscal year.

Centerspace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Thursday, March 28th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.46%. This is a boost from Centerspace’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Wednesday, March 27th. Centerspace’s dividend payout ratio is presently 128.76%.

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.