Texas Permanent School Fund Acquires 469 Shares of Centerspace (NYSE:CSR)

Texas Permanent School Fund boosted its position in Centerspace (NYSE:CSRGet Rating) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,105 shares of the company’s stock after purchasing an additional 469 shares during the period. Texas Permanent School Fund’s holdings in Centerspace were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CSR. Comerica Bank lifted its stake in Centerspace by 5.8% in the first quarter. Comerica Bank now owns 12,925 shares of the company’s stock worth $1,318,000 after purchasing an additional 705 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Centerspace by 6.8% in the first quarter. Daiwa Securities Group Inc. now owns 4,471 shares of the company’s stock worth $439,000 after purchasing an additional 283 shares during the last quarter. SG Americas Securities LLC lifted its stake in Centerspace by 80.5% in the first quarter. SG Americas Securities LLC now owns 3,733 shares of the company’s stock worth $366,000 after purchasing an additional 1,665 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Centerspace by 10.7% during the first quarter. Mutual of America Capital Management LLC now owns 2,161 shares of the company’s stock worth $212,000 after acquiring an additional 209 shares during the period. Finally, abrdn plc increased its position in shares of Centerspace by 5.1% during the first quarter. abrdn plc now owns 3,172 shares of the company’s stock worth $313,000 after acquiring an additional 153 shares during the period. Institutional investors own 83.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Centerspace from $77.00 to $69.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 2nd. Piper Sandler lowered shares of Centerspace from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $85.00 to $70.00 in a research report on Tuesday, November 1st. Compass Point lowered shares of Centerspace from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $100.00 to $75.00 in a research report on Wednesday, November 2nd. Raymond James reaffirmed a “downgrade” rating on shares of Centerspace in a research report on Thursday, August 4th. Finally, Colliers International Group reduced their target price on shares of Centerspace to $80.00 in a research report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Centerspace has a consensus rating of “Hold” and an average target price of $90.14.

Centerspace Stock Performance

Shares of CSR stock opened at $66.80 on Monday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -38.61, a PEG ratio of 2.21 and a beta of 0.93. The company’s 50 day moving average is $67.63 and its 200 day moving average is $76.91. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.74. Centerspace has a 52-week low of $60.52 and a 52-week high of $112.27.

Centerspace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Friday, September 30th were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.37%. The ex-dividend date was Thursday, September 29th. Centerspace’s payout ratio is -168.79%.

Centerspace Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Centerspace (NYSE:CSR)

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