Centerspace (CSR) To Go Ex-Dividend on September 29th

Centerspace (NYSE:CSR) announced a quarterly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.77 per share on Wednesday, October 14th. This represents a $3.08 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 29th.

Centerspace has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Centerspace has a dividend payout ratio of -832.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Centerspace to earn $4.50 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 68.4%.

Centerspace Stock Up 0.4%

Shares of Centerspace stock traded up $0.23 during trading on Friday, reaching $55.40. The company had a trading volume of 150,993 shares, compared to its average volume of 368,578. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.03 and a current ratio of 0.03. Centerspace has a fifty-two week low of $52.00 and a fifty-two week high of $69.61. The firm’s fifty day moving average is $55.13 and its 200-day moving average is $59.11. The company has a market cap of $930.45 million, a price-to-earnings ratio of 43.97 and a beta of 0.86.

Centerspace (NYSE:CSR) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. Centerspace had a return on equity of 2.58% and a net margin of 7.97%.The business had revenue of $65.78 million during the quarter, compared to the consensus estimate of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. On average, analysts anticipate that Centerspace will post 4.67 EPS for the current year.

Hedge Funds Weigh In On Centerspace

Institutional investors have recently made changes to their positions in the stock. Pacific Heights Asset Management LLC acquired a new position in Centerspace during the 2nd quarter valued at approximately $16,857,000. Public Employees Retirement System of Ohio bought a new stake in Centerspace in the second quarter valued at $1,091,000. Corient Private Wealth LP bought a new stake in Centerspace in the second quarter valued at $574,000. Bank of America Corp DE acquired a new position in shares of Centerspace during the second quarter valued at $1,041,000. Finally, Jupiter Topco LLC acquired a new position in shares of Centerspace during the second quarter valued at $354,000. 79.00% of the stock is owned by institutional investors.

About Centerspace

Centerspace (NYSE:CSR) is a self-administered and self-managed real estate investment trust focused on the ownership, management and operation of multifamily apartment communities. The company generates revenue primarily through apartment rents and related resident services, while seeking to provide well-maintained housing in markets with attractive employment and population trends.

Centerspace’s portfolio is concentrated in the Upper Midwest and Mountain West, with properties serving residents in states that have included Colorado, Minnesota, Montana, North Dakota, South Dakota and Wisconsin.