Centerspace (NYSE:CSR) Posts Earnings Results, Misses Estimates By $2.31 EPS

Centerspace (NYSE:CSR) posted its quarterly earnings results on Tuesday. The company reported ($1.10) earnings per share for the quarter, missing the consensus estimate of $1.21 by ($2.31), FiscalAI reports. Centerspace had a net margin of 11.14% and a return on equity of 3.52%. The company had revenue of $66.62 million for the quarter, compared to the consensus estimate of $69.77 million. Centerspace updated its FY 2026 guidance to 4.810-5.050 EPS.

Centerspace Price Performance

Shares of CSR stock traded down $0.75 on Tuesday, reaching $62.82. The company’s stock had a trading volume of 233,501 shares, compared to its average volume of 124,623. The company has a market capitalization of $1.05 billion, a P/E ratio of 35.10 and a beta of 0.78. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.15. The stock’s 50 day simple moving average is $65.06 and its 200-day simple moving average is $61.70. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.96.

Centerspace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Tuesday, December 30th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, December 30th. Centerspace’s dividend payout ratio (DPR) is 172.07%.

Institutional Investors Weigh In On Centerspace

A number of institutional investors and hedge funds have recently bought and sold shares of CSR. Captrust Financial Advisors raised its position in shares of Centerspace by 4.9% during the 4th quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock valued at $290,000 after buying an additional 202 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in Centerspace by 3.7% in the second quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock valued at $414,000 after acquiring an additional 247 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in Centerspace by 26.5% during the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Centerspace by 2.0% during the first 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 in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Centerspace by 5.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,332 shares of the company’s stock worth $422,000 after purchasing an additional 317 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CSR. Wall Street Zen upgraded shares of Centerspace from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group upped their price objective on Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Cantor Fitzgerald reissued a “neutral” rating and set a $65.00 price objective on shares of Centerspace in a report on Monday, January 5th. Raymond James Financial restated a “market perform” rating on shares of Centerspace in a research note on Wednesday, November 12th. Finally, Piper Sandler dropped their price target on Centerspace from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Centerspace has a consensus rating of “Hold” and an average price target of $69.86.

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.