Centerspace (NYSE:CSR) Releases FY 2025 Earnings Guidance

Key Points

• Centerspace has updated its FY 2025 earnings guidance, projecting an EPS of 4.880-5.000, slightly below the consensus estimate of 4.952.
• The company's recent quarterly earnings report showed an EPS of $1.28, exceeding analyst expectations by $0.02.
• Centerspace recently declared a quarterly dividend of $0.77 per share, offering an annualized yield of 5.7%.

Centerspace (NYSE:CSR - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 4.880-5.000 for the period, compared to the consensus earnings per share estimate of 4.952. The company issued revenue guidance of -.

Centerspace Price Performance

NYSE CSR traded up $0.59 during trading hours on Friday, reaching $54.61. 14,406 shares of the company's stock were exchanged, compared to its average volume of 100,614. The firm has a fifty day moving average of $60.26 and a 200-day moving average of $61.31. Centerspace has a one year low of $52.76 and a one year 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 0.97. The stock has a market cap of $915.26 million, a PE ratio of -30.20 and a beta of 0.72.

Centerspace (NYSE:CSR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.02. Centerspace had a negative return on equity of 2.81% and a negative net margin of 9.13%. The firm had revenue of $68.55 million for the quarter, compared to the consensus estimate of $67.89 million. On average, equities research analysts predict that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Friday, June 27th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $3.08 annualized dividend and a yield of 5.6%. Centerspace's dividend payout ratio is currently -171.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CSR shares. UBS Group cut their price target on Centerspace from $67.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Royal Bank Of Canada raised their price objective on Centerspace from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Piper Sandler dropped their price objective on Centerspace from $75.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Raymond James Financial raised Centerspace from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $66.00 to $69.00 in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.78.

Hedge Funds Weigh In On Centerspace

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Centerspace by 32.5% in the 1st quarter. AQR Capital Management LLC now owns 4,891 shares of the company's stock valued at $317,000 after acquiring an additional 1,200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Centerspace by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company's stock valued at $958,000 after acquiring an additional 287 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Centerspace by 199.5% in the 1st quarter. Royal Bank of Canada now owns 15,720 shares of the company's stock valued at $1,019,000 after acquiring an additional 10,472 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Centerspace by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company's stock valued at $8,979,000 after acquiring an additional 20,992 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Centerspace by 307.3% in the 1st quarter. Millennium Management LLC now owns 184,051 shares of the company's stock valued at $11,917,000 after acquiring an additional 138,861 shares in the last quarter. Institutional investors own 79.00% of the company's stock.

About Centerspace

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.