Centerspace (CSR) to Release Earnings on Tuesday

Centerspace (NYSE:CSR - Get Free Report) is expected to be issuing its quarterly earnings data 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 registering for the company's conference call can do so using this link.

Centerspace Stock Up 0.1 %

Shares of Centerspace stock traded up $0.05 during trading hours on Friday, reaching $62.33. 108,388 shares of the company's stock were exchanged, compared to its average volume of 85,650. The company has a 50 day moving average of $63.72 and a two-hundred day moving average of $69.23. Centerspace has a fifty-two week low of $54.22 and a fifty-two week high of $76.16. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.03 billion, a P/E ratio of -38.71 and a beta of 0.90.

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 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 dividend yield of 4.81%. Centerspace's dividend payout ratio is -186.33%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSR. Janney Montgomery Scott raised shares of 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 reaffirmed an "outperform" rating and issued a $76.00 target price on shares of Centerspace in a report on Wednesday, October 30th. Wedbush started coverage on shares of Centerspace in a report on Tuesday, December 17th. They issued a "neutral" rating and a $72.00 price target on the stock. Finally, Raymond James cut shares of Centerspace from an "outperform" rating to a "market perform" rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Centerspace has an average rating of "Hold" and an average 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.