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

Westwood Holdings Group Inc. lifted its stake in shares of Centerspace (NYSE:CSR - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CSR. Vanguard Group Inc. boosted its stake in shares of Centerspace by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock worth $171,617,000 after acquiring an additional 195,629 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Centerspace by 6.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 834,251 shares of the company's stock worth $55,186,000 after purchasing an additional 54,204 shares during the last quarter. Geode Capital Management LLC boosted its stake in Centerspace by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 415,680 shares of the company's stock worth $27,503,000 after purchasing an additional 28,163 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Centerspace by 28.5% during the fourth quarter. Northern Trust Corp now owns 230,816 shares of the company's stock worth $15,268,000 after buying an additional 51,259 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Centerspace by 17.7% in the fourth quarter. JPMorgan Chase & Co. now owns 227,399 shares of the company's stock valued at $15,042,000 after buying an additional 34,157 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James raised shares of Centerspace from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $66.00 to $69.00 in a research note on Thursday, May 15th. Wells Fargo & Company started coverage on Centerspace in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $68.00 price target for the company. BMO Capital Markets upgraded Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price objective on the stock in a research report on Friday, April 4th. Royal Bank of Canada lifted their price target on Centerspace from $71.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, UBS Group began coverage on shares of Centerspace in a research report on Monday, April 7th. They set a "neutral" rating and a $67.00 price target on the stock. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $71.56.

Centerspace Stock Performance

Shares of CSR traded down $0.22 during mid-day trading on Monday, hitting $61.16. 82,423 shares of the company's stock were exchanged, compared to its average volume of 112,227. The business's 50 day moving average is $60.86 and its two-hundred day moving average is $64.14. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.02 billion, a P/E ratio of -48.16 and a beta of 0.77. Centerspace has a fifty-two week low of $54.13 and a fifty-two week high of $76.16.

Centerspace (NYSE:CSR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. The business had revenue of $67.09 million during the quarter, compared to analysts' expectations of $66.70 million. On average, equities analysts expect that Centerspace will post 4.94 earnings per share for the current year.

About Centerspace

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.