Centerspace (NYSE:CSR) Posts Quarterly Earnings Results

Centerspace (NYSE:CSR) issued its earnings results 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 net margin of 5.57% and a negative return on equity of 1.72%. Centerspace updated its FY 2025 guidance to 4.860-5.100 EPS.

Centerspace Trading Up 0.1 %

NYSE:CSR opened at $62.42 on Wednesday. Centerspace has a one year low of $54.22 and a one year high of $76.16. The company’s 50-day simple moving average is $63.42 and its 200 day simple moving average is $69.12. The firm 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.

Centerspace Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSR. Wedbush assumed coverage on Centerspace in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $72.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and set a $76.00 price objective on shares of Centerspace in a research note on Wednesday, October 30th. Finally, Janney Montgomery Scott upgraded shares of Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.86.

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.