Westwood Holdings Group Inc. Boosts Stock Holdings in Centerspace (NYSE:CSR)

Westwood Holdings Group Inc. lifted its position in shares of Centerspace (NYSE:CSR - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,104 shares of the company's stock after purchasing an additional 13,386 shares during the period. Westwood Holdings Group Inc. owned about 0.68% of Centerspace worth $7,482,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Centerspace by 370.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC lifted its position in Centerspace by 903.8% in the fourth quarter. Sterling Capital Management LLC now owns 522 shares of the company's stock valued at $35,000 after acquiring an additional 470 shares during the last quarter. KBC Group NV lifted its position in Centerspace by 75.9% in the fourth quarter. KBC Group NV now owns 1,080 shares of the company's stock valued at $71,000 after acquiring an additional 466 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Centerspace by 15.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,732 shares of the company's stock valued at $115,000 after acquiring an additional 229 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Centerspace in the fourth quarter valued at $196,000. 79.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James raised shares of Centerspace from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $66.00 to $69.00 in a research report on Thursday, May 15th. Piper Sandler reduced their price target on shares of Centerspace from $75.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company assumed coverage on shares of Centerspace in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $68.00 price target for the company. UBS Group assumed coverage on shares of Centerspace in a research report on Monday, April 7th. They issued a "neutral" rating and a $67.00 price target for the company. Finally, BMO Capital Markets raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price target for the company in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Centerspace presently has an average rating of "Moderate Buy" and a consensus price target of $71.56.

Centerspace Stock Performance

Shares of NYSE:CSR traded down $0.22 on Friday, reaching $61.16. The company's stock had a trading volume of 82,423 shares, compared to its average volume of 111,983. The stock's 50-day moving average is $60.86 and its two-hundred day moving average is $64.24. Centerspace has a 52-week low of $54.13 and a 52-week high of $76.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.04 and a quick ratio of 0.05. The stock has a market capitalization of $1.02 billion, a P/E ratio of -48.16 and a beta of 0.77.

Centerspace (NYSE:CSR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.21 EPS for the quarter, meeting analysts' consensus estimates of $1.21. Centerspace had a negative net margin of 4.34% and a negative return on equity of 1.34%. The business had revenue of $67.09 million during the quarter, compared to analysts' expectations of $66.70 million. As a group, sell-side analysts forecast that Centerspace will post 4.94 EPS for the current year.

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.