Jackson Creek Investment Advisors LLC Takes Position in Centerspace (NYSE:CSR)

Jackson Creek Investment Advisors LLC acquired a new stake in Centerspace (NYSE:CSR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,605 shares of the company’s stock, valued at approximately $1,025,000. Jackson Creek Investment Advisors LLC owned approximately 0.12% of Centerspace as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Centerspace by 19.7% in 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 in the last quarter. New York State Common Retirement Fund increased its position in shares of Centerspace by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 20,679 shares of the company’s stock valued at $1,204,000 after buying an additional 329 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Centerspace by 10.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,055 shares of the company’s stock valued at $1,051,000 after buying an additional 1,666 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Centerspace during the 4th quarter worth approximately $436,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Centerspace during the 4th quarter valued at approximately $149,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Centerspace

In related news, Director John A. Schissel purchased 500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were bought at an average price of $56.40 per share, for a total transaction of $28,200.00. Following the acquisition, the director now directly owns 9,522 shares in the company, valued at $537,040.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.92% of the stock is currently owned by company insiders.

Centerspace Trading Up 3.9 %

NYSE CSR traded up $2.53 during trading on Tuesday, hitting $67.25. The stock had a trading volume of 147,099 shares, compared to its average volume of 81,134. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $1.00 billion, a PE ratio of 27.78, a PEG ratio of 1.95 and a beta of 0.93. The firm has a 50 day moving average price of $58.32 and a 200 day moving average price of $55.91. Centerspace has a twelve month low of $46.74 and a twelve month high of $67.87.

Centerspace (NYSE:CSR) last announced its quarterly earnings data on Monday, April 29th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($1.49). Centerspace had a net margin of 15.81% and a return on equity of 4.76%. The business had revenue of $64.51 million during the quarter, compared to analyst estimates of $65.30 million. During the same quarter last year, the firm posted $1.07 EPS. As a group, equities research analysts forecast that Centerspace will post 4.74 earnings per share for the current year.

Centerspace Increases Dividend

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