Centerspace (NYSE:CSR) Issues Earnings Results

Centerspace (NYSE:CSR) posted its quarterly earnings data on Tuesday. The company reported $1.21 earnings per share 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 Stock Performance

NYSE CSR traded up $0.06 during trading hours on Tuesday, hitting $62.42. The company had a trading volume of 98,702 shares, compared to its average volume of 86,068. Centerspace has a fifty-two week low of $54.22 and a fifty-two week high of $76.16. 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 fifty day simple moving average of $63.42 and a 200-day simple moving average of $69.12. The firm has a market cap of $1.03 billion, a P/E ratio of -38.77 and a beta of 0.90.

Centerspace Dividend Announcement

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

Analysts Set New Price Targets

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