Investors Real Estate Trust Plans Quarterly Dividend of $0.13 (IRET)
Investors Real Estate Trust (NASDAQ:IRET) declared a quarterly dividend on Thursday, March 7th. Investors of record on Monday, March 18th will be given a dividend of $0.13 per share on Monday, April 1st. This represents a $0.52 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Thursday, March 14th.
IRET has been the subject of a number of recent research reports. Analysts at Robert W. Baird downgraded shares of Investors Real Estate Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 14th. Finally, analysts at RBC Capital raised their price target on shares of Investors Real Estate Trust from $9.00 to $10.00 in a research note to investors on Friday, December 14th. They now have a “sector perform” rating on the stock.
One investment analyst has rated the stock with a buy rating, and four have given a hold rating to the stock. Investors Real Estate Trust currently has a consensus rating of “hold” and an average price target of $9.56.
Shares of Investors Real Estate Trust (IRET) traded up 1.24% during mid-day trading on Thursday, hitting $9.83. Investors Real Estate Trust (IRET) has a 52 week low of $7.01 and a 52 week high of $9.74. The stock’s 50-day moving average is currently $9.37. The company has a market cap of $919.0 million and a P/E ratio of 77.68.
Investors Real Estate Trust last released its earnings data on Monday, December 10th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.02. The company had revenue of $64.90 million for the quarter, compared to the consensus estimate of $63.47 million. During the same quarter last year, the company posted $0.15 earnings per share. Investors Real Estate Trust’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Investors Real Estate Trust (IRET) will post $0.68 earnings per share for the current fiscal year.
Investors Real Estate Trust (IRET) a self-advised equity real estate investment trust (REIT). The Company is engaged in owning and operating income-producing real estate properties.
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