Centerspace (CSR) Scheduled to Post Quarterly Earnings on Monday

Centerspace (NYSE:CSR) will announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Centerspace Trading Up 0.4 %

Centerspace stock opened at $64.59 on Friday. The business has a 50-day simple moving average of $58.14 and a two-hundred day simple moving average of $55.89. The company has a market cap of $961.68 million, a P/E ratio of 27.72, a P/E/G ratio of 1.96 and a beta of 0.93. Centerspace has a 52-week low of $46.74 and a 52-week high of $66.99. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.74.

Centerspace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.75 per share. This is an increase from Centerspace’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Wednesday, March 27th. Centerspace’s payout ratio is currently 128.76%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 price objective on shares of Centerspace in a research report on Friday, March 22nd. Piper Sandler reissued a “neutral” rating and issued a $63.00 price target on shares of Centerspace in a report on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.57.

Insider Activity

In related news, Director John A. Schissel bought 500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $56.40 per share, with a total value of $28,200.00. Following the transaction, the director now owns 9,522 shares in the company, valued at approximately $537,040.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

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.