Wedbush Issues Optimistic Estimate for Centerspace Earnings

Centerspace (NYSE:CSR - Free Report) - Stock analysts at Wedbush raised their Q2 2025 earnings per share estimates for shares of Centerspace in a research note issued to investors on Monday, May 5th. Wedbush analyst R. Anderson now forecasts that the company will post earnings of $1.23 per share for the quarter, up from their prior forecast of $1.19. The consensus estimate for Centerspace's current full-year earnings is $4.94 per share. Wedbush also issued estimates for Centerspace's Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.28 EPS and FY2026 earnings at $5.20 EPS.

Centerspace (NYSE:CSR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. The firm had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.70 million. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%.

Several other equities analysts have also recently issued reports on CSR. UBS Group started coverage on shares of Centerspace in a research report on Monday, April 7th. They set a "neutral" rating and a $67.00 price target on the stock. BMO Capital Markets upgraded Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 target price on the stock in a report on Friday, April 4th. Wells Fargo & Company assumed coverage on Centerspace in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $68.00 target price for the company. Raymond James raised Centerspace from a "market perform" rating to an "outperform" rating and set a $66.00 price target on the stock in a research note on Monday, April 21st. Finally, Royal Bank of Canada raised their price objective on Centerspace from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.22.

Centerspace Trading Up 1.1 %

Centerspace stock traded up $0.64 during mid-day trading on Tuesday, reaching $61.19. 69,086 shares of the company traded hands, compared to its average volume of 110,794. The firm's 50 day moving average price is $61.28 and its 200 day moving average price is $64.77. Centerspace has a 52-week low of $54.13 and a 52-week high of $76.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.04 and a quick ratio of 0.05. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -48.18 and a beta of 0.77.

Centerspace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 28th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Centerspace's previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a dividend yield of 5.03%. Centerspace's dividend payout ratio (DPR) is presently -275.00%.

Hedge Funds Weigh In On Centerspace

Several large investors have recently modified their holdings of CSR. Smartleaf Asset Management LLC increased its stake in Centerspace by 370.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Centerspace by 903.8% during the fourth quarter. Sterling Capital Management LLC now owns 522 shares of the company's stock valued at $35,000 after buying an additional 470 shares during the last quarter. KBC Group NV increased its position in shares of Centerspace by 75.9% during the fourth quarter. KBC Group NV now owns 1,080 shares of the company's stock valued at $71,000 after acquiring an additional 466 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Centerspace in the 1st quarter worth approximately $86,000. Finally, Summit Investment Advisors Inc. lifted its position in Centerspace by 15.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,732 shares of the company's stock valued at $115,000 after acquiring an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 79.00% of the company's stock.

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.