Centerspace (NYSE:CSR) Releases Quarterly Earnings Results, Beats Expectations By $1.36 EPS

Centerspace (NYSE:CSR) issued its quarterly earnings data on Tuesday. The company reported $1.21 earnings per share (EPS) 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 Trading Up 0.1 %

Shares of CSR stock traded up $0.06 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 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 P/E ratio of -38.77 and a beta of 0.90. The firm has a 50 day moving average of $63.57 and a two-hundred day moving average of $69.17. Centerspace has a 1-year low of $54.22 and a 1-year high of $76.16.

Centerspace Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CSR. Wedbush assumed coverage on Centerspace in a report on Tuesday, December 17th. They issued a “neutral” rating and a $72.00 price target for the company. Janney Montgomery Scott raised shares of Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Wednesday, January 15th. Raymond James lowered shares of Centerspace from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $76.00 price target on shares of Centerspace in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.86.

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.