Centerspace (CSR) Scheduled to Post Earnings on Monday

Centerspace (NYSE:CSR) will be posting its quarterly earnings results 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Centerspace (NYSE:CSR) last posted its quarterly earnings results on Monday, April 29th. The company reported ($0.37) earnings per share 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 during the quarter, compared to analyst estimates of $65.30 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, analysts expect Centerspace to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Centerspace Stock Up 1.8 %

Centerspace stock 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 stock has a market cap of $1.05 billion, a PE ratio of -87.97, a P/E/G ratio of 2.03 and a beta of 0.88. The stock’s fifty day moving average is $68.31 and its two-hundred day moving average is $62.28.

Centerspace Announces Dividend

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

Analysts Set New Price Targets

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