Principal Financial Group Inc. Has $4.71 Million Stock Holdings in Centerspace (NYSE:CSR)

Principal Financial Group Inc. increased its position in shares of Centerspace (NYSE:CSRFree Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,460 shares of the company’s stock after purchasing an additional 3,984 shares during the quarter. Principal Financial Group Inc. owned approximately 0.55% of Centerspace worth $4,712,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new position in Centerspace during the 4th quarter worth about $55,000. Van ECK Associates Corp lifted its position in shares of Centerspace by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 2,118 shares of the company’s stock worth $123,000 after purchasing an additional 348 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Centerspace in the fourth quarter valued at approximately $149,000. Allspring Global Investments Holdings LLC bought a new position in Centerspace in the 1st quarter worth approximately $173,000. Finally, BTC Capital Management Inc. bought a new position in Centerspace in the 1st quarter worth approximately $279,000. 79.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

CSR has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Centerspace from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Royal Bank of Canada upped their target price on shares of Centerspace from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Raymond James raised shares of Centerspace from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Friday, May 24th. Finally, Compass Point cut shares of Centerspace from a “buy” rating to a “neutral” rating and raised their price objective for the company from $65.00 to $68.00 in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.57.

Check Out Our Latest Report on CSR

Centerspace Trading Up 0.2 %

Shares of CSR stock opened at $68.01 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.04 and a quick ratio of 0.04. Centerspace has a 12-month low of $46.74 and a 12-month high of $71.36. The firm has a fifty day moving average of $68.14 and a 200-day moving average of $60.95.

Centerspace (NYSE:CSRGet Free Report) last posted its earnings results on Monday, April 29th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($1.49). Centerspace had a negative net margin of 2.38% and a negative return on equity of 0.73%. The business had revenue of $64.51 million during the quarter, compared to analyst estimates of $65.30 million. During the same period in the previous year, the firm posted $1.07 earnings per share. Sell-side analysts predict that Centerspace will post 4.86 EPS for the current fiscal year.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.00 annualized dividend and a yield of 4.41%. Centerspace’s dividend payout ratio is currently -375.00%.

Centerspace Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centerspace (NYSE:CSRFree Report).

Institutional Ownership by Quarter for Centerspace (NYSE:CSR)

Receive News & Ratings for Centerspace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerspace and related companies with MarketBeat.com's FREE daily email newsletter.