Centerspace (NYSE:CSR) Issues Earnings Results

Centerspace (NYSE:CSR) issued its quarterly earnings data on Tuesday. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $1.36, Zacks reports. Centerspace had a negative return on equity of 1.72% and a negative net margin of 5.57%. Centerspace updated its FY 2025 guidance to 4.860-5.100 EPS.

Centerspace Trading Up 0.1 %

Shares of CSR opened at $62.42 on Wednesday. Centerspace has a 1-year low of $54.22 and a 1-year high of $76.16. The company has a market capitalization of $1.03 billion, a P/E ratio of -38.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. The firm’s 50 day simple moving average is $63.42 and its 200 day simple moving average is $69.12.

Centerspace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Monday, December 30th. Centerspace’s dividend payout ratio (DPR) is -186.33%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $76.00 price objective on shares of Centerspace in a report on Wednesday, October 30th. Janney Montgomery Scott upgraded Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, January 15th. Finally, Wedbush initiated coverage on Centerspace in a research note on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price target for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.86.

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.