News coverage about Investors Real Estate Trust (NYSE:IRET) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Investors Real Estate Trust earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 47.3124609802223 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

IRET has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Wednesday, November 15th. BidaskClub raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird reissued a “hold” rating and set a $7.00 target price on shares of Investors Real Estate Trust in a research note on Sunday, November 19th.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at $5.71 on Monday. Investors Real Estate Trust has a one year low of $5.49 and a one year high of $6.99. The company has a market cap of $777.30, a P/E ratio of -33.59, a P/E/G ratio of 2.72 and a beta of 0.82. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.39.

Investors Real Estate Trust (NYSE:IRET) last released its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. The business had revenue of $53.92 million during the quarter, compared to analyst estimates of $53.69 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts predict that Investors Real Estate Trust will post 0.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, December 29th. Investors Real Estate Trust’s dividend payout ratio is presently -164.71%.

In other Investors Real Estate Trust news, Director Michael T. Dance bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was acquired at an average cost of $5.50 per share, with a total value of $55,000.00. Following the completion of the purchase, the director now directly owns 24,671 shares in the company, valued at $135,690.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael T. Dance bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average cost of $24.95 per share, with a total value of $49,900.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 84,000 shares of company stock valued at $516,350. Company insiders own 1.04% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Investors Real Estate Trust (NYSE:IRET)

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