Centerspace (NYSE:CSR) Updates 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 EPS guidance of 4.880-5.000 for the period, compared to the consensus EPS estimate of 4.952. The company issued revenue guidance of -.

Centerspace Stock Performance

Shares of Centerspace stock traded up $0.28 during trading hours on Monday, hitting $54.48. 114,318 shares of the company were exchanged, compared to its average volume of 99,956. The business has a 50-day moving average of $60.93 and a 200-day moving average of $61.51. Centerspace has a 1 year low of $53.04 and a 1 year high of $76.16. The stock has a market capitalization of $911.64 million, a price-to-earnings ratio of -48.64 and a beta of 0.72. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76.

Centerspace (NYSE:CSR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.02. Centerspace had a negative return on equity of 1.30% and a negative net margin of 4.23%. As a group, analysts expect that Centerspace will post 4.94 EPS for the current fiscal year.

Centerspace Announces Dividend

The firm 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 was Friday, June 27th. This represents a $3.08 annualized dividend and a yield of 5.7%. Centerspace's payout ratio is currently -275.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSR. UBS Group decreased their target price on Centerspace from $67.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Royal Bank Of Canada boosted their target price on Centerspace from $71.00 to $72.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Raymond James Financial raised Centerspace from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $66.00 to $69.00 in a research report on Thursday, May 15th. Finally, Piper Sandler cut their price target on Centerspace from $75.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, May 5th. 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 company. Based on data from MarketBeat, Centerspace presently has an average rating of "Moderate Buy" and an average price target of $70.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in shares of Centerspace by 32.5% in the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Centerspace by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company's stock valued at $958,000 after purchasing an additional 287 shares during the period. Royal Bank of Canada boosted its position in shares of Centerspace by 199.5% during the 1st quarter. Royal Bank of Canada now owns 15,720 shares of the company's stock worth $1,019,000 after purchasing an additional 10,472 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Centerspace by 17.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company's stock worth $8,979,000 after purchasing an additional 20,992 shares in the last quarter. Finally, Millennium Management LLC increased its stake in 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 buying an additional 138,861 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors.

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.

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