Centerspace (CSR) to Release Quarterly Earnings on Tuesday

Centerspace (NYSE:CSR) is expected to be announcing 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Centerspace Trading Up 0.1 %

NYSE CSR opened at $62.33 on Monday. The stock has a 50-day simple moving average of $63.72 and a 200 day simple moving average of $69.23. The company has a market capitalization of $1.03 billion, a PE ratio of -38.71 and a beta of 0.90. 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 has a 12 month low of $54.22 and a 12 month high of $76.16.

Centerspace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a $0.75 dividend. 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 -186.34%.

Analyst Ratings Changes

CSR has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $76.00 target price on shares of Centerspace in a research note on Wednesday, October 30th. Janney Montgomery Scott raised 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. Wedbush initiated coverage on Centerspace in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $72.00 target price for the company. Finally, Raymond James cut Centerspace from an “outperform” rating to a “market perform” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.