Centerspace (NYSE:CSR) Releases FY 2026 Earnings Guidance

Centerspace (NYSE:CSR) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 4.580-4.680 for the period, compared to the consensus EPS estimate of 4.850. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

CSR has been the topic of several recent research reports. BTIG Research downgraded Centerspace from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Weiss Ratings cut Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Royal Bank Of Canada decreased their price objective on Centerspace from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Finally, Wells Fargo & Company dropped their price objective on Centerspace from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.40.

Centerspace Price Performance

Shares of NYSE:CSR traded up $0.70 during trading on Monday, reaching $55.54. The company had a trading volume of 144,607 shares, compared to its average volume of 140,333. The company has a fifty day moving average of $57.91 and a two-hundred day moving average of $61.56. The stock has a market capitalization of $933.24 million, a P/E ratio of 123.42 and a beta of 0.89. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.61. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.88.

Centerspace (NYSE:CSR) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $65.78 million for the quarter, compared to analysts’ expectations of $66.29 million. Centerspace had a return on equity of 0.94% and a net margin of 2.93%.Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. Equities research analysts forecast that Centerspace will post 4.83 earnings per share for the current year.

Centerspace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $3.08 annualized dividend and a yield of 5.5%. Centerspace’s dividend payout ratio is presently 684.44%.

Insider Transactions at Centerspace

In other Centerspace news, Director John A. Schissel acquired 500 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $54.90 per share, for a total transaction of $27,450.00. Following the acquisition, the director owned 17,195 shares in the company, valued at $944,005.50. This represents a 2.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rodney Jones-Tyson purchased 1,700 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of $55.26 per share, with a total value of $93,942.00. Following the purchase, the director directly owned 7,877 shares of the company’s stock, valued at $435,283.02. This trade represents a 27.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Centerspace

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in Centerspace during the fourth quarter valued at $58,000. Federation des caisses Desjardins du Quebec grew its stake in shares of Centerspace by 26.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock worth $89,000 after acquiring an additional 280 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Centerspace by 64.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $136,000 after acquiring an additional 879 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Centerspace during the fourth quarter valued at $203,000. Finally, Verition Fund Management LLC bought a new position in shares of Centerspace during the fourth quarter valued at $224,000. Institutional investors own 79.00% 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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.