Centerspace (CSR) to Release Quarterly Earnings on Thursday

Centerspace (NYSE:CSR) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 1st. Analysts expect Centerspace to post earnings of $1.21 per share and revenue of $66.70 million for the quarter. Centerspace has set its FY 2025 guidance at 4.860-5.100 EPS.

Centerspace (NYSE:CSR) last issued its earnings results on Tuesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $1.36. The business had revenue of $66.41 million during the quarter, compared to analyst estimates of $65.96 million. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. On average, analysts expect Centerspace to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Centerspace Stock Performance

Shares of NYSE CSR opened at $60.47 on Wednesday. The firm’s 50-day moving average price is $61.98 and its 200-day moving average price is $65.28. Centerspace has a 52-week low of $54.13 and a 52-week high of $76.16. The company has a market cap of $1.01 billion, a PE ratio of -47.62 and a beta of 0.79. The company has a quick ratio of 0.05, a current ratio of 0.04 and a debt-to-equity ratio of 0.74.

Centerspace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 28th were issued a $0.77 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.08 annualized dividend and a yield of 5.09%. This is a boost from Centerspace’s previous quarterly dividend of $0.75. Centerspace’s dividend payout ratio (DPR) is currently -242.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSR shares. Raymond James raised Centerspace from a “market perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a report on Monday, April 21st. Janney Montgomery Scott raised Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Wednesday, January 15th. Royal Bank of Canada boosted their price target on Centerspace from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. BMO Capital Markets raised shares of Centerspace from a “market perform” rating to an “outperform” rating and set a $77.00 price target for the company in a research report on Friday, April 4th. Finally, Wells Fargo & Company began coverage on shares of Centerspace in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $68.00 price objective on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Centerspace presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.70.

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.