Centerspace (NYSE:CSR) Releases FY 2025 Earnings Guidance

Centerspace (NYSE:CSR) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 4.860-5.100 for the period, compared to the consensus earnings per share estimate of 4.920. The company issued revenue guidance of -.

Centerspace Stock Performance

CSR stock traded up $0.06 during midday trading on Tuesday, reaching $62.42. 98,702 shares of the company’s stock traded hands, compared to its average volume of 86,068. The stock’s 50-day moving average is $63.57 and its 200 day moving average is $69.17. The stock has a market cap of $1.03 billion, a P/E ratio of -38.77 and a beta of 0.90. Centerspace has a 52-week low of $54.22 and a 52-week high of $76.16. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70.

Centerspace (NYSE:CSR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of ($0.15) by $1.36. Centerspace had a negative net margin of 5.57% and a negative return on equity of 1.72%. As a group, analysts anticipate that Centerspace will post 4.85 EPS for the current year.

Centerspace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.00 annualized dividend and a yield of 4.81%. Centerspace’s dividend payout ratio (DPR) is currently -186.33%.

Wall Street Analyst Weigh In

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