Jane Street Group LLC Has $1.87 Million Stake in Centerspace (NYSE:CSR)

Jane Street Group LLC increased its stake in Centerspace (NYSE:CSR) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,554 shares of the company’s stock after acquiring an additional 1,983 shares during the quarter. Jane Street Group LLC owned 0.16% of Centerspace worth $1,871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CSR. Mirae Asset Global Investments Co. Ltd. increased its stake in Centerspace by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 579 shares of the company’s stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Centerspace by 3,131.6% during the third quarter. Loomis Sayles & Co. L P now owns 614 shares of the company’s stock valued at $43,000 after acquiring an additional 595 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Centerspace during the second quarter worth approximately $42,000. Van ECK Associates Corp grew its position in Centerspace by 15.2% in the 3rd quarter. Van ECK Associates Corp now owns 2,626 shares of the company’s stock valued at $186,000 after purchasing an additional 347 shares during the period. Finally, Versor Investments LP bought a new stake in Centerspace during the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Stock Up 0.6 %

CSR stock opened at $66.43 on Wednesday. Centerspace has a fifty-two week low of $52.26 and a fifty-two week high of $76.16. The stock has a fifty day moving average of $70.81 and a 200-day moving average of $70.91. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -41.26, a PEG ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05.

Centerspace (NYSE:CSR) last posted its earnings results on Monday, October 28th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of $1.17 by ($1.57). Centerspace had a negative return on equity of 1.72% and a negative net margin of 5.57%. The business had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $66.35 million. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities research analysts predict that Centerspace will post 4.86 earnings per share for the current year.

Centerspace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, December 30th. This represents a $3.00 dividend on an annualized basis and a yield of 4.52%. Centerspace’s payout ratio is -186.34%.

Analyst Ratings Changes

A number of analysts have commented on CSR shares. Wedbush began coverage on Centerspace in a report on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Centerspace in a report on Wednesday, October 30th. Finally, Raymond James cut Centerspace from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Centerspace currently has an average rating of “Hold” and a consensus target price of $75.33.

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.