Louisiana State Employees Retirement System purchased a new position in shares of Centerspace (NYSE:CSR – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,300 shares of the company’s stock, valued at approximately $491,000.
Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Centerspace by 27.8% in the 1st quarter. Wellington Management Group LLP now owns 1,180,660 shares of the company’s stock worth $115,846,000 after purchasing an additional 257,030 shares during the period. State Street Corp lifted its position in shares of Centerspace by 15.6% during the 1st quarter. State Street Corp now owns 887,776 shares of the company’s stock valued at $87,742,000 after buying an additional 119,848 shares in the last quarter. BlackRock Inc. lifted its position in shares of Centerspace by 2.2% during the 1st quarter. BlackRock Inc. now owns 2,736,058 shares of the company’s stock valued at $268,463,000 after buying an additional 58,404 shares in the last quarter. Millennium Management LLC bought a new position in shares of Centerspace during the 2nd quarter valued at approximately $3,090,000. Finally, Vanguard Group Inc. raised its stake in Centerspace by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 2,306,306 shares of the company’s stock worth $226,294,000 after acquiring an additional 37,063 shares during the period. Institutional investors own 84.26% of the company’s stock.
Wall Street Analysts Forecast Growth
CSR has been the subject of a number of recent analyst reports. Raymond James lowered shares of Centerspace from a “market perform” rating to an “underperform” rating in a research report on Wednesday, November 23rd. Piper Sandler cut Centerspace from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $85.00 to $70.00 in a report on Tuesday, November 1st. Compass Point lowered Centerspace from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $100.00 to $75.00 in a research note on Wednesday, November 2nd. Janney Montgomery Scott cut Centerspace from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 14th. Finally, Colliers International Group lowered their price target on Centerspace to $80.00 in a report on Friday, November 4th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Centerspace currently has a consensus rating of “Hold” and a consensus target price of $73.50.
Centerspace Trading Down 0.0 %
Centerspace Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Monday, January 2nd will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Thursday, December 29th. Centerspace’s dividend payout ratio is presently -168.79%.
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 June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.
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