JPMorgan Chase & Co. Purchases 21,337 Shares of Centerspace $CSR

JPMorgan Chase & Co. boosted its holdings in shares of Centerspace (NYSE:CSR) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,583 shares of the company’s stock after buying an additional 21,337 shares during the period. JPMorgan Chase & Co. owned about 1.34% of Centerspace worth $13,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSR. Hantz Financial Services Inc. lifted its holdings in shares of Centerspace by 998.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock worth $39,000 after acquiring an additional 599 shares during the period. Versant Capital Management Inc raised its position in Centerspace by 488.4% in the third quarter. Versant Capital Management Inc now owns 1,630 shares of the company’s stock worth $96,000 after purchasing an additional 1,353 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Centerspace by 103.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,176 shares of the company’s stock worth $131,000 after purchasing an additional 1,106 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Centerspace by 64.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $136,000 after purchasing an additional 879 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Centerspace in the 3rd quarter valued at approximately $170,000. Institutional investors own 79.00% of the company’s stock.

Analysts Set New Price Targets

CSR has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Centerspace from $60.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Raymond James Financial reissued a “market perform” rating on shares of Centerspace in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Centerspace in a report on Monday, December 29th. Piper Sandler increased their target price on shares of Centerspace from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $65.00 price target on shares of Centerspace in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.29.

Centerspace Price Performance

Shares of CSR stock opened at $62.70 on Thursday. The stock’s fifty day moving average is $64.56 and its 200-day moving average is $62.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $1.05 billion, a PE ratio of 62.70 and a beta of 0.79. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.15.

Centerspace (NYSE:CSR) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($2.31). Centerspace had a net margin of 6.25% and a return on equity of 2.00%. The business had revenue of $66.62 million during the quarter, compared to the consensus estimate of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Equities research analysts expect that Centerspace will post 4.94 EPS for the current fiscal year.

Centerspace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, March 30th. Centerspace’s dividend payout ratio is 308.00%.

About Centerspace

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.