Centerspace (NYSE:CSR – Get Free Report) issued its earnings results on Monday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($1.39), Yahoo Finance reports. The firm had revenue of $65.04 million during the quarter, compared to the consensus estimate of $65.90 million. Centerspace had a negative net margin of 2.16% and a negative return on equity of 0.67%. During the same quarter in the previous year, the firm earned $1.28 earnings per share.
Centerspace Price Performance
Centerspace stock traded up $0.32 during midday trading on Thursday, hitting $70.15. 5,400 shares of the company’s stock were exchanged, compared to its average volume of 90,863. Centerspace has a 52-week low of $46.74 and a 52-week high of $71.50. The stock has a 50-day moving average price of $68.41 and a two-hundred day moving average price of $62.58. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $1.07 billion, a P/E ratio of -87.29, a PEG ratio of 2.03 and a beta of 0.88.
Centerspace Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, June 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.28%. Centerspace’s payout ratio is -375.00%.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on CSR
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.
Recommended Stories
- Five stocks we like better than Centerspace
- 3 Fintech Stocks With Good 2021 Prospects
- First Solar Stock: The Dawn of a New Rally in Share Prices
- Do ETFs Pay Dividends? What You Need to Know
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- How to Effectively Use the MarketBeat Ratings Screener
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for Centerspace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerspace and related companies with MarketBeat.com's FREE daily email newsletter.