Centerspace (CSR) Scheduled to Post Quarterly Earnings on Monday

Centerspace (NYSE:CSR) is set to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Centerspace Trading Up 0.4 %

CSR opened at $64.59 on Friday. Centerspace has a 12 month low of $46.74 and a 12 month high of $66.99. The stock has a market capitalization of $961.68 million, a price-to-earnings ratio of 27.72, a PEG ratio of 1.96 and a beta of 0.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.03 and a quick ratio of 0.03. The business has a fifty day moving average price of $58.14 and a 200 day moving average price of $55.89.

Centerspace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 8th. Investors 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 4.64%. This is a boost from Centerspace’s previous quarterly dividend of $0.73. The ex-dividend date was Wednesday, March 27th. Centerspace’s payout ratio is presently 128.76%.

Insider Activity

In other news, Director John A. Schissel bought 500 shares of Centerspace stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $56.40 per share, with a total value of $28,200.00. Following the acquisition, the director now owns 9,522 shares of the company’s stock, valued at $537,040.80. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and set a $63.00 price target on shares of Centerspace in a report on Tuesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 price target on shares of Centerspace in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently 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.