Centerspace (NYSE:CSR) Posts Earnings Results, Beats Estimates By $1.36 EPS

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 Price Performance

CSR traded up $0.06 during trading on Tuesday, reaching $62.42. 98,702 shares of the stock were exchanged, compared to its average volume of 86,068. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -38.77 and a beta of 0.90. Centerspace has a 1 year low of $54.22 and a 1 year high of $76.16. The business’s 50 day moving average price is $63.57 and its two-hundred day moving average price is $69.17.

Centerspace Announces Dividend

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

Analyst Ratings Changes

CSR has been the topic of a number of research analyst reports. 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. Janney Montgomery Scott raised shares of Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, January 15th. Wedbush started coverage on Centerspace in a report on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, Raymond James downgraded Centerspace from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.