Centerspace (NYSE:CSR – Get Free Report) posted its earnings results on Monday. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($1.57), Zacks reports. Centerspace had a negative return on equity of 0.67% and a negative net margin of 2.16%. The firm had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $66.35 million. During the same quarter in the prior year, the company earned $1.20 earnings per share. Centerspace updated its FY 2024 guidance to 4.820-4.900 EPS.
Centerspace Price Performance
CSR stock opened at $69.11 on Wednesday. The firm has a market cap of $1.06 billion, a P/E ratio of -42.93, a P/E/G ratio of 2.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.04 and a current ratio of 0.04. The firm’s fifty day moving average is $72.44 and its 200 day moving average is $69.92. Centerspace has a 52 week low of $46.74 and a 52 week high of $76.16.
Centerspace Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Monday, September 30th. Centerspace’s dividend payout ratio is currently -186.34%.
Analyst Upgrades and Downgrades
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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.
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