Centerspace (NYSE:CSR) Updates FY 2026 Earnings Guidance

Centerspace (NYSE:CSR) issued an update on its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 4.580-4.680 for the period, compared to the consensus EPS estimate of 4.850. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group increased their price objective on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Wall Street Zen raised Centerspace from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Piper Sandler reduced their price target on shares of Centerspace from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada decreased their price target on shares of Centerspace from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Centerspace currently has a consensus rating of “Hold” and a consensus target price of $64.40.

Centerspace Trading Up 1.3%

NYSE CSR traded up $0.70 during trading on Monday, hitting $55.54. 144,607 shares of the company’s stock traded hands, compared to its average volume of 140,333. The stock has a fifty day moving average of $57.91 and a two-hundred day moving average of $61.56. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.61. The firm has a market cap of $933.24 million, a P/E ratio of 123.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.03 and a quick ratio of 0.03.

Centerspace (NYSE:CSR) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. Centerspace had a return on equity of 0.94% and a net margin of 2.93%.The firm had revenue of $65.78 million for the quarter, compared to the consensus estimate of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. As a group, sell-side analysts expect that Centerspace will post 4.83 EPS for the current year.

Centerspace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, June 29th. Centerspace’s payout ratio is 684.44%.

Insider Activity at Centerspace

In other news, Director Rodney Jones-Tyson bought 1,700 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the completion of the acquisition, the director owned 7,877 shares of the company’s stock, valued at approximately $435,283.02. This trade represents a 27.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John A. Schissel bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $54.90 per share, for a total transaction of $27,450.00. Following the completion of the purchase, the director owned 17,195 shares of the company’s stock, valued at $944,005.50. This trade represents a 2.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Centerspace

Several hedge funds and other institutional investors have recently modified their holdings of CSR. Captrust Financial Advisors lifted its holdings in Centerspace by 4.9% in the 4th quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock worth $290,000 after buying an additional 202 shares during the period. Engineers Gate Manager LP raised its position in shares of Centerspace by 6.4% in the 4th quarter. Engineers Gate Manager LP now owns 4,091 shares of the company’s stock worth $273,000 after acquiring an additional 246 shares in the last quarter. State of Tennessee Department of Treasury raised its position 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 acquiring an additional 247 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in shares of Centerspace by 26.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock valued at $89,000 after purchasing an additional 280 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Centerspace by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after purchasing an additional 287 shares during the period. 79.00% of the stock is owned by institutional investors.

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.