Centerspace (CSR) Expected to Announce Quarterly Earnings on Tuesday

Centerspace (NYSE:CSR) is expected to announce its earnings results 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. Parties interested in participating in the company’s conference call can do so using this link.

Centerspace Price Performance

NYSE CSR opened at $62.33 on Friday. The company has a 50 day moving average price of $63.72 and a two-hundred day moving average price of $69.24. Centerspace has a 12-month low of $54.22 and a 12-month high of $76.16. 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 stock has a market capitalization of $1.03 billion, a PE ratio of -38.71 and a beta of 0.90.

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 paid a dividend of $0.75 per share. The ex-dividend date was Monday, December 30th. This represents a $3.00 dividend on an annualized basis and a yield of 4.81%. Centerspace’s payout ratio is -186.33%.

Analyst Upgrades and Downgrades

CSR has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and set a $76.00 target price 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 target for the company in a research note on Wednesday, January 15th. Raymond James cut shares of Centerspace from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Finally, Wedbush started coverage on shares of Centerspace in a research note on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price target for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.