Centerspace (CSR) Scheduled to Post Earnings on Monday

Centerspace (NYSE:CSR - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Centerspace to post earnings of $1.12 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Centerspace Trading Up 1.2 %

NYSE CSR traded up $0.75 on Monday, hitting $65.64. 87,276 shares of the stock were exchanged, compared to its average volume of 80,335. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a fifty day moving average price of $57.36 and a two-hundred day moving average price of $55.68. The firm has a market capitalization of $977.38 million, a P/E ratio of 28.17, a P/E/G ratio of 1.96 and a beta of 0.93. Centerspace has a 52-week low of $46.74 and a 52-week high of $66.99.

Centerspace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.57%. This is a positive change from Centerspace's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Wednesday, March 27th. Centerspace's payout ratio is presently 128.76%.

Insider Activity

In related news, Director John A. Schissel bought 500 shares of the stock in a transaction dated Monday, March 11th. The stock was purchased at an average cost of $56.40 per share, with a total value of $28,200.00. Following the completion of the purchase, the director now owns 9,522 shares of the company's stock, valued at $537,040.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $63.00 price objective on shares of Centerspace in a research note on Tuesday, March 26th. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 target price on shares of Centerspace in a research note on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Centerspace currently has an average rating of "Moderate Buy" and an average target price of $65.57.

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.