Deutsche Bank AG Increases Stock Holdings in Centerspace (NYSE:CSR)

Deutsche Bank AG increased its position in Centerspace (NYSE:CSR - Free Report) by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,400 shares of the company's stock after purchasing an additional 4,301 shares during the period. Deutsche Bank AG owned approximately 0.12% of Centerspace worth $1,283,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CSR. Vanguard Group Inc. raised its position in Centerspace by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock worth $171,617,000 after buying an additional 195,629 shares during the last quarter. Barclays PLC increased its holdings in Centerspace by 1,553.4% in the 3rd quarter. Barclays PLC now owns 102,859 shares of the company's stock worth $7,249,000 after acquiring an additional 96,638 shares in the last quarter. Norges Bank purchased a new stake in Centerspace during the 4th quarter valued at approximately $4,768,000. Northern Trust Corp grew its holdings in Centerspace by 28.5% during the 4th quarter. Northern Trust Corp now owns 230,816 shares of the company's stock valued at $15,268,000 after buying an additional 51,259 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Centerspace by 17.7% during the 4th 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 in the last quarter. Institutional investors own 79.00% of the company's stock.

Centerspace Trading Up 0.0%

Shares of Centerspace stock traded up $0.03 during trading hours on Wednesday, hitting $62.54. The company's stock had a trading volume of 80,397 shares, compared to its average volume of 112,230. Centerspace has a twelve month low of $54.13 and a twelve month high of $76.16. The firm has a fifty day moving average of $60.77 and a 200-day moving average of $64.04. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -49.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.05 and a current ratio of 0.04.

Centerspace (NYSE:CSR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.21 earnings per share for the quarter, hitting 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 company had revenue of $67.09 million for the quarter, compared to the consensus estimate of $66.70 million. Research analysts forecast that Centerspace will post 4.94 EPS for the current year.

Analyst Upgrades and Downgrades

CSR has been the subject of a number of research analyst reports. BMO Capital Markets raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price objective for the company in a report on Friday, April 4th. UBS Group began coverage on Centerspace in a research report on Monday, April 7th. They set a "neutral" rating and a $67.00 target price for the company. Royal Bank of Canada raised their price target on Centerspace from $71.00 to $72.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Piper Sandler lowered their price target on Centerspace from $75.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Raymond James upgraded Centerspace from an "outperform" rating to a "strong-buy" rating and raised their price target for the stock from $66.00 to $69.00 in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Centerspace has an average rating of "Moderate Buy" and an average target price of $71.56.

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.