Centerspace (NYSE:CSR) Releases FY 2025 Earnings Guidance

Centerspace (NYSE:CSR) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 4.880-4.960 for the period, compared to the consensus estimate of 1.690. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research firms have commented on CSR. Wall Street Zen downgraded Centerspace from a “hold” rating to a “sell” rating in a report on Sunday, September 7th. Cantor Fitzgerald started coverage on Centerspace in a report on Wednesday, October 1st. They issued a “neutral” rating and a $62.00 price target on the stock. UBS Group cut their price target on Centerspace from $67.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Wells Fargo & Company cut their price target on Centerspace from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centerspace in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Centerspace has a consensus rating of “Hold” and an average price target of $68.00.

Centerspace Trading Up 2.7%

Shares of NYSE CSR opened at $60.61 on Wednesday. The stock’s 50 day simple moving average is $59.02 and its 200 day simple moving average is $59.62. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.97. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -33.67 and a beta of 0.73. Centerspace has a 12-month low of $52.76 and a 12-month high of $75.92.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). The business had revenue of $71.40 million for the quarter, compared to the consensus estimate of $69.07 million. Centerspace had a negative net margin of 9.13% and a negative return on equity of 2.81%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. Equities research analysts expect that Centerspace will post 4.94 EPS for the current year.

Centerspace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $3.08 annualized dividend and a yield of 5.1%. Centerspace’s payout ratio is presently -171.11%.

Insider Buying and Selling at Centerspace

In other Centerspace news, CFO Bhairav Patel bought 500 shares of the business’s stock in a transaction on Friday, August 8th. The shares were purchased at an average price of $54.00 per share, with a total value of $27,000.00. Following the purchase, the chief financial officer directly owned 3,733 shares of the company’s stock, valued at approximately $201,582. The trade was a 15.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anne Olson bought 750 shares of the business’s stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $55.10 per share, for a total transaction of $41,325.00. Following the purchase, the chief executive officer directly owned 19,496 shares in the company, valued at $1,074,229.60. This represents a 4.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 1,750 shares of company stock valued at $95,325 in the last quarter. Corporate insiders own 0.44% of the company’s stock.

Institutional Trading of Centerspace

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Centerspace by 64.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock worth $136,000 after buying an additional 879 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Centerspace by 32.5% in the 1st quarter. AQR Capital Management LLC now owns 4,891 shares of the company’s stock worth $317,000 after buying an additional 1,200 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Centerspace by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,972 shares of the company’s stock worth $359,000 after buying an additional 358 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Centerspace by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,025 shares of the company’s stock worth $363,000 after buying an additional 363 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its stake in shares of Centerspace by 3.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock worth $414,000 after buying an additional 247 shares in the last quarter. Institutional investors own 79.00% of the company’s stock.

About Centerspace

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.