Centerspace (CSR) Scheduled to Post Earnings on Monday

Centerspace (NYSE:CSR) will release its earnings data after the market closes on Monday, July 29th. Analysts expect Centerspace to post earnings of $1.20 per share for the quarter. Centerspace has set its FY 2024 guidance at 4.740-4.920 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Centerspace (NYSE:CSR) last announced its quarterly earnings results on Monday, April 29th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($1.49). Centerspace had a negative net margin of 2.38% and a negative return on equity of 0.73%. The business had revenue of $64.51 million for the quarter, compared to the consensus estimate of $65.30 million. During the same quarter last year, the firm posted $1.07 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 Performance

NYSE CSR opened at $70.38 on Friday. Centerspace has a 1 year low of $46.74 and a 1 year high of $71.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -87.97, a PEG ratio of 2.03 and a beta of 0.88. The company has a fifty day moving average price of $68.31 and a 200-day moving average price of $62.28.

Centerspace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th were paid a $0.75 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 4.26%. Centerspace’s payout ratio is -375.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CSR shares. Raymond James upgraded shares of Centerspace from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Friday, May 24th. Royal Bank of Canada increased their price target on shares of Centerspace from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Piper Sandler increased their price target on shares of Centerspace from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Finally, Compass Point lowered shares of Centerspace from a “buy” rating to a “neutral” rating and increased their price target for the company from $65.00 to $68.00 in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Centerspace presently has an average rating of “Moderate Buy” and an average target price of $67.57.

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.