Equities analysts predict that Investors Real Estate Trust Reit (NYSE:IRET) will announce earnings per share (EPS) of $0.95 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Investors Real Estate Trust Reit’s earnings. The company is expected to report its next earnings report after the market closes on Wednesday, November 6th.

According to Zacks, analysts expect that Investors Real Estate Trust Reit will report full-year earnings of $3.68 per share for the current financial year, with EPS estimates ranging from $3.67 to $3.69. For the next fiscal year, analysts forecast that the firm will report earnings of $3.92 per share, with EPS estimates ranging from $3.89 to $3.96. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Investors Real Estate Trust Reit.

IRET has been the subject of a number of research reports. Raymond James started coverage on shares of Investors Real Estate Trust Reit in a research report on Thursday. They set an “outperform” rating and a $83.00 price target for the company. ValuEngine lowered shares of Investors Real Estate Trust Reit from a “hold” rating to a “sell” rating in a report on Friday, October 11th. BTIG Research started coverage on shares of Investors Real Estate Trust Reit in a report on Monday, September 16th. They issued a “buy” rating and a $79.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of Investors Real Estate Trust Reit from $74.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, DA Davidson reiterated a “buy” rating on shares of Investors Real Estate Trust Reit in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.50.

Investors Real Estate Trust Reit stock traded up $1.94 during trading on Friday, reaching $78.01. 68,479 shares of the company’s stock were exchanged, compared to its average volume of 58,992. The company’s 50-day moving average is $72.77 and its two-hundred day moving average is $64.21. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.49 and a current ratio of 0.49. Investors Real Estate Trust Reit has a 52-week low of $46.30 and a 52-week high of $78.21. The firm has a market cap of $884.28 million, a price-to-earnings ratio of 22.37, a PEG ratio of 3.45 and a beta of 0.84.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.70 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.80 dividend on an annualized basis and a yield of 3.59%.

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in shares of Investors Real Estate Trust Reit by 53.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 266,150 shares of the real estate investment trust’s stock valued at $15,612,000 after purchasing an additional 92,886 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Investors Real Estate Trust Reit by 35.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 286,191 shares of the real estate investment trust’s stock valued at $16,790,000 after purchasing an additional 75,262 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Investors Real Estate Trust Reit in the 3rd quarter valued at about $3,715,000. Renaissance Technologies LLC raised its stake in shares of Investors Real Estate Trust Reit by 6.3% in the 2nd quarter. Renaissance Technologies LLC now owns 550,889 shares of the real estate investment trust’s stock valued at $32,321,000 after purchasing an additional 32,700 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Investors Real Estate Trust Reit by 219.3% in the 2nd quarter. Susquehanna International Group LLP now owns 8,470 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 15,570 shares in the last quarter. Hedge funds and other institutional investors own 62.38% of the company’s stock.

Investors Real Estate Trust Reit Company Profile

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of December 31, 2018, IRET owned interests in 87 apartment communities consisting of 13,702 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).

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Earnings History and Estimates for Investors Real Estate Trust Reit (NYSE:IRET)

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