Centerspace (CSR) to Release Earnings on Monday

Centerspace (NYSE:CSR) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Centerspace to post earnings of $1.17 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, July 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($1.39). Centerspace had a negative return on equity of 0.67% and a negative net margin of 2.16%. The firm had revenue of $65.04 million during the quarter, compared to the consensus estimate of $65.90 million. During the same period in the prior year, the company posted $1.28 EPS. On average, analysts expect Centerspace to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Centerspace Stock Down 0.7 %

Shares of NYSE:CSR opened at $70.36 on Friday. Centerspace has a 52-week low of $46.74 and a 52-week high of $76.16. The firm has a market capitalization of $1.08 billion, a P/E ratio of -87.95, a P/E/G ratio of 2.07 and a beta of 0.89. The stock has a 50 day moving average price of $72.62 and a 200-day moving average price of $69.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.04 and a current ratio of 0.04.

Centerspace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Monday, September 30th. Centerspace’s dividend payout ratio is currently -375.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSR. Raymond James lowered Centerspace from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Piper Sandler increased their target price on Centerspace from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Royal Bank of Canada increased their target price on Centerspace from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, BTIG Research increased their target price on Centerspace from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.40.

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.