Centerspace (NYSE:CSR) Releases FY 2026 Earnings Guidance

Centerspace (NYSE:CSR) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.810-5.050 for the period, compared to the consensus EPS estimate of 1.420. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research firms have commented on CSR. UBS Group boosted their price objective on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Piper Sandler reduced their price target on shares of Centerspace from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company increased their price target on shares of Centerspace from $60.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Centerspace in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.86.

Centerspace Trading Down 1.2%

Shares of NYSE:CSR opened at $62.82 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.96. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.15. The company has a market cap of $1.05 billion, a PE ratio of 35.10 and a beta of 0.78. The stock has a 50 day moving average of $65.10 and a 200 day moving average of $61.76.

Centerspace (NYSE:CSR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($1.10) EPS for the quarter, missing the consensus estimate of $1.21 by ($2.31). The company had revenue of $66.62 million during the quarter, compared to analysts’ expectations of $69.77 million. Centerspace had a return on equity of 3.52% and a net margin of 11.14%.Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, equities research analysts expect that Centerspace will post 4.94 EPS for the current year.

Centerspace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 30th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.9%. Centerspace’s payout ratio is currently 172.07%.

Institutional Investors Weigh In On Centerspace

Several hedge funds have recently made changes to their positions in CSR. Kestra Advisory Services LLC acquired a new position in shares of Centerspace in the 4th quarter valued at about $58,000. 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 acquiring an additional 280 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Centerspace by 64.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $136,000 after acquiring an additional 879 shares during the period. First Trust Advisors LP purchased a new stake in Centerspace in the 4th quarter worth approximately $203,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Centerspace during the 4th quarter worth approximately $224,000. 79.00% of the stock is currently 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.