Centerspace (CSR) Expected to Announce Earnings on Tuesday

Centerspace (NYSE:CSR) is projected to release its earnings data after the market closes on Tuesday, February 18th. Analysts expect Centerspace to post 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 Price Performance

CSR stock opened at $61.06 on Tuesday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -37.92 and a beta of 0.90. The company’s fifty day simple moving average is $64.41 and its 200 day simple moving average is $69.45. Centerspace has a 12-month low of $52.26 and a 12-month high of $76.16.

Centerspace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Janney Montgomery Scott upgraded Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $76.00 target price on shares of Centerspace in a research report on Wednesday, October 30th. Raymond James cut shares of Centerspace from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Finally, Wedbush started coverage on shares of Centerspace in a report on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.86.

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.