Centerspace (CSR) to Release Quarterly Earnings on Tuesday

Centerspace (NYSE:CSR) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $65.96 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Centerspace Trading Down 1.0 %

Centerspace stock opened at $61.06 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a 50-day simple moving average of $64.41 and a 200 day simple moving average of $69.45. The stock has a market capitalization of $1.01 billion, a P/E ratio of -37.92 and a beta of 0.90. Centerspace has a 52 week low of $52.26 and a 52 week high of $76.16.

Centerspace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date was Monday, December 30th. Centerspace’s payout ratio is presently -186.33%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CSR shares. Wedbush assumed coverage on shares of Centerspace in a research report on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price objective for the company. Janney Montgomery Scott upgraded shares of Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Wednesday, January 15th. Raymond James downgraded shares of Centerspace from an “outperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Centerspace in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.86.

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.