Centerspace (CSR) to Release Earnings on Tuesday

Centerspace (NYSE:CSRGet Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Centerspace Trading Up 0.3 %

Shares of Centerspace stock opened at $54.52 on Tuesday. Centerspace has a 12-month low of $46.74 and a 12-month high of $69.44. The stock has a market cap of $820.53 million, a P/E ratio of 19.90, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $56.02 and its 200-day moving average is $57.29.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.36%. Centerspace’s dividend payout ratio (DPR) is 106.57%.

Institutional Investors Weigh In On Centerspace

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Centerspace by 2.2% in the first quarter. BlackRock Inc. now owns 2,736,058 shares of the company’s stock valued at $268,463,000 after acquiring an additional 58,404 shares during the period. Vanguard Group Inc. grew its stake in Centerspace by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,478,106 shares of the company’s stock valued at $166,826,000 after acquiring an additional 42,104 shares during the period. Wellington Management Group LLP grew its stake in Centerspace by 27.8% in the first quarter. Wellington Management Group LLP now owns 1,180,660 shares of the company’s stock valued at $115,846,000 after acquiring an additional 257,030 shares during the period. State Street Corp grew its stake in Centerspace by 1.1% in the second quarter. State Street Corp now owns 988,528 shares of the company’s stock valued at $61,364,000 after acquiring an additional 10,756 shares during the period. Finally, Geode Capital Management LLC grew its stake in Centerspace by 1.7% in the second quarter. Geode Capital Management LLC now owns 331,088 shares of the company’s stock valued at $20,316,000 after acquiring an additional 5,500 shares during the period. 78.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Piper Sandler lowered their price objective on Centerspace from $65.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Royal Bank of Canada upgraded Centerspace from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $63.00 in a research report on Tuesday, January 16th. Finally, Compass Point upgraded Centerspace from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, November 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Centerspace has an average rating of “Moderate Buy” and a consensus target price of $64.71.

View Our Latest Stock Analysis on Centerspace

About Centerspace

(Get Free Report)

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.

See Also

Earnings History for Centerspace (NYSE:CSR)

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