Centerspace (NYSE:CSR) Issues Quarterly Earnings Results

Centerspace (NYSE:CSR) issued its earnings results on Tuesday. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate 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 NYSE CSR traded up $0.06 during mid-day trading on Tuesday, hitting $62.42. 98,702 shares of the company traded hands, compared to its average volume of 86,068. Centerspace has a 1 year low of $54.22 and a 1 year high of $76.16. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -38.77 and a beta of 0.90. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $63.42 and a two-hundred day moving average of $69.12.

Centerspace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued 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 -186.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CSR shares. Raymond James cut Centerspace from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Wedbush started coverage on Centerspace in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $72.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $76.00 price target on shares of Centerspace in a research note on Wednesday, October 30th. Finally, Janney Montgomery Scott raised Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.