Equities research analysts expect Investors Real Estate Trust (NYSE:IRET) to report $0.10 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Investors Real Estate Trust’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.09. Investors Real Estate Trust reported earnings per share of $0.07 during the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The company is expected to issue its next earnings report on Monday, December 11th.

On average, analysts expect that Investors Real Estate Trust will report full year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.35 to $0.44. For the next financial year, analysts expect that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.36 to $0.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Investors Real Estate Trust.

Investors Real Estate Trust (NYSE:IRET) last announced its earnings results on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $52.70 million during the quarter, compared to the consensus estimate of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share.

IRET has been the subject of a number of research analyst reports. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, BidaskClub lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Investors Real Estate Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock valued at $115,960,000 after buying an additional 340,851 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Investors Real Estate Trust by 4.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,138 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 1,248 shares during the last quarter. Stephens Inc. AR grew its stake in Investors Real Estate Trust by 1.3% during the 1st quarter. Stephens Inc. AR now owns 299,555 shares of the real estate investment trust’s stock valued at $1,776,000 after purchasing an additional 3,719 shares during the last quarter. Swiss National Bank grew its stake in Investors Real Estate Trust by 3.9% during the 1st quarter. Swiss National Bank now owns 200,400 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Investors Real Estate Trust by 0.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock valued at $1,588,000 after purchasing an additional 2,068 shares during the last quarter. 53.05% of the stock is currently owned by institutional investors.

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Investors Real Estate Trust (NYSE IRET) traded up 0.69% during trading on Wednesday, reaching $5.85. The company’s stock had a trading volume of 28,936 shares. The company has a market capitalization of $705.43 million, a P/E ratio of 16.76 and a beta of 0.79. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28. The firm’s 50-day moving average price is $6.13 and its 200 day moving average price is $6.06.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Thursday, September 14th. Investors Real Estate Trust’s payout ratio is 80.00%.

Investors Real Estate Trust Company Profile

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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