Favorable Press Coverage Somewhat Unlikely to Affect Investors Real Estate Trust (NYSE:IRET) Share Price
Media stories about Investors Real Estate Trust (NYSE:IRET) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Investors Real Estate Trust earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.3678457430987 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Renaissance Technologies LLC Lowers Position in Investors Real Estate Trust (IRET) (ekosvoice.com)
- Investors Real Estate Trust (NYSE:IRET) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Investors Real Estate Trust (IRET) EPS Estimated At $0.10 (naijaoversabi.com)
- $0.10 EPS Expected for Investors Real Estate Trust (IRET) (currenthollywood.com)
- Investors Real Estate Trust (NYSE:IRET) Dips Under Moving Averages – ExpressNewsline (expressnewsline.com)
Shares of Investors Real Estate Trust (NYSE:IRET) traded down 1.15% during midday trading on Friday, reaching $6.03. The company had a trading volume of 437,778 shares. The company’s 50-day moving average is $6.19 and its 200-day moving average is $6.15. Investors Real Estate Trust has a 52-week low of $5.60 and a 52-week high of $7.28. The firm has a market cap of $727.35 million, a P/E ratio of 23.28 and a beta of 0.80.
Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Wednesday, June 28th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Investors Real Estate Trust had a negative return on equity of 2.51% and a net margin of 21.07%. The firm had revenue of $54.34 million during the quarter, compared to analysts’ expectations of $51.36 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. Equities research analysts expect that Investors Real Estate Trust will post ($0.01) EPS for the current fiscal year.
A number of equities analysts recently weighed in on IRET shares. Zacks Investment Research upgraded Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine lowered Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, BidaskClub lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.51.
About Investors Real Estate Trust
Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota.
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