Centerspace (CSR) to Distribute Quarterly Dividend of $0.77 on July 14th

Centerspace (NYSE:CSR) declared a quarterly dividend on Monday, June 1st. Investors of record on Monday, June 29th will be given a dividend of 0.77 per share on Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Monday, June 29th.

Centerspace has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Centerspace has a dividend payout ratio of -832.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Centerspace to earn $5.05 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 61.0%.

Centerspace Price Performance

NYSE CSR opened at $57.01 on Friday. The firm’s fifty day simple moving average is $63.35 and its two-hundred day simple moving average is $63.27. The firm has a market capitalization of $957.80 million, a P/E ratio of 126.69 and a beta of 0.88. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.88. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.61.

Centerspace (NYSE:CSR) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.48). Centerspace had a net margin of 2.93% and a return on equity of 0.94%. The business had revenue of $65.07 million for the quarter, compared to analysts’ expectations of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Analysts forecast that Centerspace will post 4.85 EPS for the current fiscal year.

Centerspace Company Profile

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.