Centerspace (NYSE:CSR) Issues FY 2026 Earnings Guidance

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

Wall Street Analyst Weigh In

A number of brokerages have commented on CSR. BTIG Research cut Centerspace from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. UBS Group upped their price objective on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings cut Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Piper Sandler reduced their target price on shares of Centerspace from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Centerspace from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $64.40.

Centerspace Stock Down 1.7%

CSR opened at $54.53 on Wednesday. Centerspace has a 1 year low of $52.76 and a 1 year high of $69.61. The firm has a 50 day moving average price of $57.39 and a 200 day moving average price of $61.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market cap of $916.07 million, a PE ratio of 121.17 and a beta of 0.88.

Centerspace (NYSE:CSR) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $65.78 million during the quarter, compared to analyst estimates of $66.29 million. Centerspace had a net margin of 7.97% and a return on equity of 2.54%. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. Sell-side analysts expect that Centerspace will post 4.83 earnings per share for the current year.

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Monday, June 29th. Centerspace’s dividend payout ratio is presently 684.44%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Centerspace during the 4th quarter valued at about $58,000. Federation des caisses Desjardins du Quebec increased its position in shares of Centerspace by 26.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock valued at $89,000 after purchasing an additional 280 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Centerspace by 64.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock worth $136,000 after buying an additional 879 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Centerspace in the 4th quarter worth $203,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Centerspace in 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.