Centerspace (NYSE:CSR) Releases FY 2025 Earnings Guidance

Centerspace (NYSE:CSR) issued an update on its FY 2025 earnings guidance on Tuesday morning. 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 -.

Centerspace Stock Performance

NYSE:CSR traded up $0.06 during mid-day trading on Tuesday, reaching $62.42. 98,702 shares of the company’s stock were exchanged, compared to its average volume of 86,068. Centerspace has a one year low of $54.22 and a one year high of $76.16. 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 business’s fifty day simple moving average is $63.42 and its two-hundred day simple moving average is $69.12. The firm has a market capitalization of $1.03 billion, a PE ratio of -38.77 and a beta of 0.90.

Centerspace (NYSE:CSR) last announced its earnings results on Tuesday, February 18th. The company reported $1.21 EPS for the quarter, topping 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%. Analysts anticipate that Centerspace will post 4.85 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

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

Analyst Upgrades and Downgrades

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