JPMorgan Chase & Co. Has $13.23 Million Stock Holdings in Centerspace $CSR

JPMorgan Chase & Co. boosted its position in Centerspace (NYSE:CSR) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,583 shares of the company’s stock after acquiring an additional 21,337 shares during the period. JPMorgan Chase & Co.’s holdings in Centerspace were worth $13,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its position in Centerspace by 4.1% during the 3rd quarter. Amalgamated Bank now owns 4,927 shares of the company’s stock valued at $290,000 after purchasing an additional 194 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of Centerspace by 3.7% during the second quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock worth $414,000 after buying an additional 247 shares during the last quarter. Capital Square LLC raised its stake in shares of Centerspace by 3.3% during the second quarter. Capital Square LLC now owns 8,367 shares of the company’s stock worth $503,000 after buying an additional 271 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Centerspace by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after buying an additional 287 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Centerspace by 3.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,641 shares of the company’s stock valued at $580,000 after acquiring an additional 331 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Centerspace Stock Performance

Shares of Centerspace stock opened at $62.70 on Thursday. The company has a market capitalization of $1.05 billion, a PE ratio of 62.70 and a beta of 0.79. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.15. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $64.56 and its 200 day simple moving average is $62.35.

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

Centerspace Announces Dividend

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

Wall Street Analyst Weigh In

CSR has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Centerspace in a research report on Monday, December 29th. Wells Fargo & Company upped their price objective on Centerspace from $60.00 to $74.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Piper Sandler increased their target price on Centerspace from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Royal Bank Of Canada boosted their target price on Centerspace from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, UBS Group increased their price target on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.29.

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