Centerspace (NYSE:CSR) Updates FY 2025 Earnings Guidance

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

Wall Street Analyst Weigh In

Several research analysts recently commented on CSR shares. Wedbush initiated coverage on Centerspace in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $72.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $76.00 price target on shares of Centerspace in a research note on Wednesday, October 30th. 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. Finally, Raymond James cut Centerspace from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Centerspace currently has an average rating of “Hold” and an average price target of $74.86.

Centerspace Trading Up 0.1 %

NYSE CSR traded up $0.06 during trading hours on Tuesday, reaching $62.42. The company had a trading volume of 98,702 shares, compared to its average volume of 86,068. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $1.03 billion, a P/E ratio of -38.77 and a beta of 0.90. The stock has a 50-day moving average of $63.57 and a 200 day moving average of $69.17. Centerspace has a 1-year low of $54.22 and a 1-year high of $76.16.

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

Centerspace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.81%. Centerspace’s payout ratio is currently -186.33%.

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.