Deutsche Bank AG Has $1.28 Million Stock Position in Centerspace (NYSE:CSR)

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

A number of other hedge funds have also recently added to or reduced their stakes in CSR. Barclays PLC boosted its holdings in Centerspace by 1,553.4% in the third quarter. Barclays PLC now owns 102,859 shares of the company's stock valued at $7,249,000 after acquiring an additional 96,638 shares during the last quarter. KBC Group NV grew its stake in shares of 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 in the last quarter. Vert Asset Management LLC lifted its position in Centerspace by 27.5% during the fourth quarter. Vert Asset Management LLC now owns 6,004 shares of the company's stock worth $397,000 after purchasing an additional 1,295 shares during the period. abrdn plc raised its holdings in Centerspace by 42.2% in the 4th quarter. abrdn plc now owns 4,227 shares of the company's stock valued at $275,000 after buying an additional 1,254 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Centerspace by 4.6% during the 4th quarter. Yousif Capital Management LLC now owns 6,226 shares of the company's stock valued at $412,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 79.00% of the company's stock.

Centerspace Trading Up 0.2%

NYSE:CSR traded up $0.14 on Friday, hitting $63.17. 5,796 shares of the stock were exchanged, compared to its average volume of 112,085. Centerspace has a fifty-two week low of $54.13 and a fifty-two week high of $76.16. The stock has a fifty day moving average of $60.72 and a 200-day moving average of $63.95. 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 stock has a market cap of $1.06 billion, a PE ratio of -49.74 and a beta of 0.77.

Centerspace (NYSE:CSR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.21 earnings per share (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 company had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.70 million. As a group, equities analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.