Centerspace (CSR) to Release Quarterly Earnings on Monday

Centerspace (NYSE:CSR) will issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Centerspace (NYSE:CSR) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $1.20 by ($1.39). The company had revenue of $65.04 million during the quarter, compared to the consensus estimate of $65.90 million. Centerspace had a negative net margin of 2.16% and a negative return on equity of 0.67%. During the same period in the previous year, the company earned $1.28 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 Price Performance

Shares of CSR opened at $70.36 on Friday. The firm has a market capitalization of $1.08 billion, a PE ratio of -87.95, a PEG ratio of 2.07 and a beta of 0.89. The company’s 50-day moving average is $72.62 and its 200-day moving average is $69.67. Centerspace has a fifty-two week low of $46.74 and a fifty-two week high of $76.16. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.04 and a quick ratio of 0.04.

Centerspace Dividend Announcement

The business also recently disclosed 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 was Monday, September 30th. Centerspace’s payout ratio is presently -375.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CSR shares. Royal Bank of Canada increased their price objective on shares of Centerspace from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BTIG Research increased their price objective on shares of Centerspace from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Piper Sandler increased their price objective on shares of Centerspace from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Raymond James downgraded shares of Centerspace from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Centerspace currently has a consensus rating of “Hold” and an average 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.