Centerspace (NYSE:CSR) Announces Quarterly Earnings Results

Centerspace (NYSE:CSR) posted its quarterly earnings results on Monday. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.48), FiscalAI reports. The company had revenue of $65.07 million during the quarter, compared to the consensus estimate of $66.54 million. Centerspace had a net margin of 2.93% and a return on equity of 0.93%. Centerspace updated its FY 2026 guidance to 4.810-5.050 EPS.

Centerspace Price Performance

Centerspace stock traded up $1.54 during midday trading on Wednesday, reaching $67.00. 41,941 shares of the stock were exchanged, compared to its average volume of 127,797. The company’s fifty day moving average is $62.12 and its 200-day moving average is $63.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $1.12 billion, a PE ratio of 148.98 and a beta of 0.89. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.61.

Centerspace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, March 30th. Centerspace’s dividend payout ratio is 684.44%.

Institutional Trading of Centerspace

A number of hedge funds and other institutional investors have recently bought and sold shares of CSR. Captrust Financial Advisors grew its stake in Centerspace by 4.9% in the 4th quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock worth $290,000 after buying an additional 202 shares in the last quarter. Engineers Gate Manager LP grew its stake in Centerspace by 6.4% in the 4th quarter. Engineers Gate Manager LP now owns 4,091 shares of the company’s stock worth $273,000 after buying an additional 246 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in Centerspace by 3.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock worth $414,000 after buying an additional 247 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in Centerspace by 26.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock worth $89,000 after buying an additional 280 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Centerspace by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock worth $958,000 after buying an additional 287 shares in the last quarter. Institutional investors own 79.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSR. UBS Group lifted their price objective on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Piper Sandler upgraded shares of Centerspace from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Wall Street Zen raised shares of Centerspace from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Wells Fargo & Company lowered their price target on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.67.

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.