Centerspace (NYSE:CSR) Updates FY 2025 Earnings Guidance

Centerspace (NYSE:CSR) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.860-5.100 for the period, compared to the consensus estimate of 4.920. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Centerspace in a report on Wednesday, October 30th. Janney Montgomery Scott raised Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, January 15th. Finally, Wedbush began coverage on Centerspace in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $72.00 price objective for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Centerspace presently has an average rating of “Hold” and a consensus target price of $74.86.

Centerspace Trading Up 0.1 %

Shares of NYSE:CSR opened at $62.42 on Wednesday. Centerspace has a 12-month low of $54.22 and a 12-month high of $76.16. The business has a 50 day moving average of $63.42 and a 200-day moving average of $69.12. 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 stock has a market cap of $1.03 billion, a PE ratio of -38.77 and a beta of 0.90.

Centerspace (NYSE:CSR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $1.36. Centerspace had a negative return on equity of 1.72% and a negative net margin of 5.57%. As a group, equities research analysts forecast that Centerspace will post 4.85 earnings per share for the current year.

Centerspace Announces Dividend

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

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.