Centerspace (NYSE:CSR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in shares of Centerspace (NYSE:CSR - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,702 shares of the company's stock after selling 73,525 shares during the period. Nuveen Asset Management LLC owned 0.72% of Centerspace worth $7,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Centerspace by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock valued at $171,617,000 after acquiring an additional 195,629 shares in the last quarter. Barclays PLC grew its position in Centerspace by 1,553.4% during the 3rd quarter. Barclays PLC now owns 102,859 shares of the company's stock valued at $7,249,000 after purchasing an additional 96,638 shares during the last quarter. Norges Bank bought a new stake in Centerspace during the 4th quarter valued at about $4,768,000. Northern Trust Corp increased its stake 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 purchasing an additional 51,259 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Centerspace by 17.7% in the fourth quarter. JPMorgan Chase & Co. now owns 227,399 shares of the company's stock worth $15,042,000 after buying an additional 34,157 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BMO Capital Markets raised Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price target on the stock in a report on Friday, April 4th. Wells Fargo & Company began coverage on shares of Centerspace in a report on Wednesday, March 19th. They set an "equal weight" rating and a $68.00 price target on the stock. Piper Sandler decreased their price objective on shares of Centerspace from $75.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Royal Bank of Canada increased their price objective on shares of Centerspace from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, UBS Group initiated coverage on shares of Centerspace in a report on Monday, April 7th. They issued a "neutral" rating and a $67.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.56.

Centerspace Stock Up 1.2%

NYSE CSR traded up $0.74 during midday trading on Friday, hitting $63.77. 192,581 shares of the company traded hands, compared to its average volume of 112,994. The company has a market cap of $1.07 billion, a PE ratio of -50.21 and a beta of 0.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.04 and a quick ratio of 0.05. Centerspace has a 52 week low of $54.13 and a 52 week high of $76.16. The company's 50-day simple moving average is $60.72 and its 200-day simple moving average is $63.88.

Centerspace (NYSE:CSR - Get Free Report) last posted 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 company had revenue of $67.09 million during the quarter, compared to analysts' expectations of $66.70 million. As a group, equities research analysts forecast that Centerspace will post 4.94 earnings per share 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.