Investors Real Estate Trust (IRET) Earns Daily News Impact Score of 0.15
Press coverage about Investors Real Estate Trust (NYSE:IRET) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investors Real Estate Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.4992434378049 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research firms have recently issued reports on IRET. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Thursday, September 14th.
Shares of Investors Real Estate Trust (IRET) traded down 0.68% during trading on Monday, reaching $5.81. 313,245 shares of the company were exchanged. The firm’s 50 day moving average price is $6.03 and its 200 day moving average price is $6.09. Investors Real Estate Trust has a one year low of $5.60 and a one year high of $7.28. The company has a market capitalization of $700.60 million, a PE ratio of 16.60 and a beta of 0.79.
Investors Real Estate Trust (NYSE:IRET) last released its quarterly 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 business had revenue of $52.70 million during the quarter, compared to analyst estimates of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. Investors Real Estate Trust’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. Equities research analysts forecast that Investors Real Estate Trust will post ($0.45) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Thursday, September 14th. Investors Real Estate Trust’s payout ratio is currently 80.00%.
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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