Mutual of America Capital Management LLC Purchases 209 Shares of Centerspace (NYSE:CSR)

Mutual of America Capital Management LLC increased its position in Centerspace (NYSE:CSRGet Rating) by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,161 shares of the company’s stock after acquiring an additional 209 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Centerspace were worth $212,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Peregrine Capital Management LLC raised its holdings in Centerspace by 6.9% in the 1st quarter. Peregrine Capital Management LLC now owns 120,652 shares of the company’s stock worth $11,838,000 after acquiring an additional 7,745 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Centerspace by 0.9% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 29,314 shares of the company’s stock worth $3,251,000 after acquiring an additional 251 shares during the period. State of Alaska Department of Revenue raised its holdings in Centerspace by 2.1% in the 1st quarter. State of Alaska Department of Revenue now owns 17,761 shares of the company’s stock worth $1,741,000 after acquiring an additional 360 shares during the period. Exchange Traded Concepts LLC raised its holdings in Centerspace by 3.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,351 shares of the company’s stock worth $1,408,000 after acquiring an additional 538 shares during the period. Finally, Yousif Capital Management LLC bought a new position in shares of Centerspace during the 4th quarter worth about $1,438,000. Institutional investors own 80.68% of the company’s stock.

Centerspace Stock Performance

NYSE CSR opened at $85.68 on Wednesday. The stock has a market cap of $1.32 billion, a P/E ratio of -138.19, a PEG ratio of 2.83 and a beta of 0.91. The company’s 50-day simple moving average is $81.54 and its 200 day simple moving average is $89.88. Centerspace has a twelve month low of $74.99 and a twelve month high of $112.27. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.61.

Centerspace (NYSE:CSRGet Rating) last released its quarterly earnings results on Monday, August 1st. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.33. Centerspace had a negative net margin of 1.74% and a negative return on equity of 0.45%. During the same period last year, the firm earned $0.95 EPS. As a group, research analysts forecast that Centerspace will post 4.34 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 30th were given a $0.73 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $2.92 dividend on an annualized basis and a yield of 3.41%. Centerspace’s dividend payout ratio (DPR) is presently -470.97%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Centerspace from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Compass Point set a $90.00 price objective on shares of Centerspace in a report on Monday, June 20th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Centerspace currently has an average rating of “Moderate Buy” and a consensus target price of $105.29.

Insider Buying and Selling at Centerspace

In related news, Director Mary J. Twinem bought 900 shares of Centerspace stock in a transaction dated Wednesday, June 1st. The shares were bought at an average cost of $82.48 per share, for a total transaction of $74,232.00. Following the completion of the transaction, the director now owns 6,577 shares of the company’s stock, valued at $542,470.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Centerspace news, Director Rodney Jones-Tyson purchased 595 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average cost of $84.82 per share, with a total value of $50,467.90. Following the completion of the purchase, the director now directly owns 595 shares in the company, valued at approximately $50,467.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary J. Twinem purchased 900 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The shares were acquired at an average cost of $82.48 per share, with a total value of $74,232.00. Following the completion of the purchase, the director now owns 6,577 shares of the company’s stock, valued at $542,470.96. The disclosure for this purchase can be found here. Insiders have bought a total of 1,695 shares of company stock worth $140,842 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Centerspace Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Centerspace (NYSE:CSR)

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