Centerspace (NYSE:CSR - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 4.860-5.100 for the period, compared to the consensus EPS estimate of 4.920. The company issued revenue guidance of -.
Centerspace Price Performance
Shares of Centerspace stock traded down $0.97 during trading hours on Friday, hitting $64.10. The company's stock had a trading volume of 81,197 shares, compared to its average volume of 86,673. The company has a market cap of $1.07 billion, a PE ratio of -50.47 and a beta of 0.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.05 and a current ratio of 0.04. The business has a 50 day moving average price of $63.10 and a two-hundred day moving average price of $69.02. Centerspace has a 12-month low of $54.50 and a 12-month high of $76.16.
Centerspace (NYSE:CSR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $1.36. The business had revenue of $66.41 million during the quarter, compared to the consensus estimate of $65.96 million. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. Analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.
Centerspace Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 28th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.80%. This is a boost from Centerspace's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 28th. Centerspace's payout ratio is -242.52%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CSR shares. Janney Montgomery Scott upgraded Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Wednesday, January 15th. 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 on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Centerspace from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $74.43.
View Our Latest Research Report on CSR
About Centerspace
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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.
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