Centerspace (NYSE:CSR) Updates FY 2026 Earnings Guidance

Centerspace (NYSE:CSR) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 4.810-5.050 for the period, compared to the consensus EPS estimate of 4.820. The company issued revenue guidance of -.

Centerspace Stock Performance

Shares of Centerspace stock traded up $0.47 on Monday, reaching $68.85. 92,742 shares of the stock were exchanged, compared to its average volume of 128,595. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.16 billion, a PE ratio of 68.85 and a beta of 0.89. Centerspace has a 1-year low of $52.76 and a 1-year high of $69.61. The business has a fifty day moving average price of $62.05 and a two-hundred day moving average price of $63.41.

Centerspace (NYSE:CSR) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.48). Centerspace had a net margin of 6.25% and a return on equity of 2.00%. The business had revenue of $65.07 million during the quarter, compared to analysts’ expectations of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, research analysts anticipate that Centerspace will post 4.82 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 30th. Centerspace’s dividend payout ratio (DPR) is presently 308.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CSR shares. Wells Fargo & Company reduced their price target on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Royal Bank Of Canada boosted their price target on Centerspace from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Cantor Fitzgerald reissued a “neutral” rating and issued a $65.00 price target on shares of Centerspace in a research note on Monday, January 5th. UBS Group upped their price target on shares of Centerspace from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised Centerspace from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $68.83.

Institutional Trading of Centerspace

A number of institutional investors have recently added to or reduced their stakes in CSR. Kestra Advisory Services LLC acquired a new stake in Centerspace in the 4th quarter valued at $58,000. Federation des caisses Desjardins du Quebec boosted its position in shares of Centerspace by 26.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock worth $89,000 after buying an additional 280 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Centerspace by 64.0% in the second 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 during the period. First Trust Advisors LP purchased a new stake in shares of Centerspace in the fourth quarter worth about $203,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Centerspace in the fourth quarter valued at about $224,000. 79.00% of the stock is owned by hedge funds and other 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.