Centerspace (NYSE:CSR – Get Free Report) announced its earnings results on Monday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($1.39), Yahoo Finance reports. Centerspace had a negative net margin of 2.16% and a negative return on equity of 0.67%. The business had revenue of $65.04 million during the quarter, compared to analyst estimates of $65.90 million. During the same quarter last year, the business posted $1.28 earnings per share.
Centerspace Price Performance
Shares of CSR stock opened at $69.02 on Wednesday. The stock has a 50-day moving average price of $68.37 and a 200 day moving average price of $62.53. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -86.27, a PEG ratio of 2.05 and a beta of 0.88. Centerspace has a 12 month low of $46.74 and a 12 month high of $71.36.
Centerspace Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 4.35%. Centerspace’s payout ratio is -375.00%.
Analysts Set New Price Targets
Read Our Latest Research Report on Centerspace
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.
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