Peregrine Capital Management LLC Has $7.03 Million Stock Holdings in Centerspace (NYSE:CSR)

Peregrine Capital Management LLC decreased its stake in shares of Centerspace (NYSE:CSR - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,709 shares of the company's stock after selling 31,345 shares during the period. Peregrine Capital Management LLC owned 0.80% of Centerspace worth $7,025,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Centerspace by 27.8% during the first quarter. Wellington Management Group LLP now owns 1,180,660 shares of the company's stock worth $115,846,000 after buying an additional 257,030 shares during the period. Norges Bank acquired a new stake in Centerspace in the 4th quarter valued at $8,194,000. State Street Corp raised its position in Centerspace by 15.6% in the first quarter. State Street Corp now owns 887,776 shares of the company's stock valued at $87,742,000 after purchasing an additional 119,848 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Centerspace by 191.3% during the second quarter. Goldman Sachs Group Inc. now owns 177,938 shares of the company's stock worth $10,918,000 after purchasing an additional 116,854 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Centerspace by 35.2% in the third quarter. Ameriprise Financial Inc. now owns 242,811 shares of the company's stock worth $14,634,000 after buying an additional 63,222 shares during the period. Hedge funds and other institutional investors own 79.00% of the company's stock.

Insider Buying and Selling at Centerspace

In related news, Director John A. Schissel bought 500 shares of the business's stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $56.40 per share, for a total transaction of $28,200.00. Following the purchase, the director now owns 9,522 shares in the company, valued at approximately $537,040.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by insiders.

Centerspace Stock Up 1.9 %

CSR stock traded up $1.15 during midday trading on Thursday, hitting $61.24. 168,553 shares of the company's stock were exchanged, compared to its average volume of 76,525. The stock has a market capitalization of $921.66 million, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.78 and a beta of 0.93. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average price of $56.13 and a 200-day moving average price of $55.55. Centerspace has a 12-month low of $46.74 and a 12-month high of $66.99.

Centerspace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Thursday, March 28th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Centerspace's previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 4.90%. Centerspace's dividend payout ratio is currently 128.76%.

Wall Street Analysts Forecast Growth

CSR has been the topic of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 target price on shares of Centerspace in a report on Friday, March 22nd. Piper Sandler reiterated a "neutral" rating and set a $63.00 price objective on shares of Centerspace in a research note on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $65.57.

Centerspace 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.