Wall Street analysts expect that Investors Real Estate Trust (NYSE:IRET) will announce earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Investors Real Estate Trust’s earnings. Investors Real Estate Trust posted earnings per share of $0.12 during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings report on Monday, March 12th.

On average, analysts expect that Investors Real Estate Trust will report full-year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.33 to $0.37. For the next financial year, analysts forecast that the company will post earnings of $0.40 per share, with EPS estimates ranging from $0.37 to $0.46. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Investors Real Estate Trust.

Investors Real Estate Trust (NYSE:IRET) last issued its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $53.92 million during the quarter, compared to analyst estimates of $53.69 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. Investors Real Estate Trust’s revenue for the quarter was up 6.6% on a year-over-year basis.

A number of brokerages recently weighed in on IRET. Zacks Investment Research lowered shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub lowered shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of Investors Real Estate Trust in a research note on Sunday, November 19th. Finally, ValuEngine downgraded shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

In other Investors Real Estate Trust news, Director Michael T. Dance purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Kirchmann purchased 6,900 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average cost of $5.65 per share, for a total transaction of $38,985.00. Following the purchase, the chief financial officer now owns 31,571 shares of the company’s stock, valued at $178,376.15. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 90,900 shares of company stock worth $555,335. 1.04% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in IRET. JPMorgan Chase & Co. raised its stake in shares of Investors Real Estate Trust by 67,497.6% in the third quarter. JPMorgan Chase & Co. now owns 304,189 shares of the real estate investment trust’s stock valued at $1,856,000 after acquiring an additional 303,739 shares during the period. BlackRock Inc. raised its stake in shares of Investors Real Estate Trust by 1.8% in the fourth quarter. BlackRock Inc. now owns 10,709,041 shares of the real estate investment trust’s stock valued at $60,829,000 after acquiring an additional 192,546 shares during the period. State Street Corp raised its stake in shares of Investors Real Estate Trust by 5.4% in the second quarter. State Street Corp now owns 2,778,387 shares of the real estate investment trust’s stock valued at $17,253,000 after acquiring an additional 142,589 shares during the period. GSA Capital Partners LLP raised its stake in shares of Investors Real Estate Trust by 339.0% in the third quarter. GSA Capital Partners LLP now owns 167,699 shares of the real estate investment trust’s stock valued at $1,025,000 after acquiring an additional 129,503 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Investors Real Estate Trust by 183.4% in the fourth quarter. Citadel Advisors LLC now owns 195,572 shares of the real estate investment trust’s stock valued at $1,110,000 after acquiring an additional 126,564 shares during the period. 53.71% of the stock is currently owned by institutional investors and hedge funds.

Investors Real Estate Trust (NYSE IRET) opened at $5.11 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.17 and a current ratio of 0.17. Investors Real Estate Trust has a 12-month low of $5.01 and a 12-month high of $6.75. The firm has a market cap of $613.39, a price-to-earnings ratio of 15.49, a P/E/G ratio of 2.43 and a beta of 0.75.

The firm also recently declared 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 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Friday, December 29th. Investors Real Estate Trust’s payout ratio is 84.85%.

TRADEMARK VIOLATION WARNING: “$0.10 Earnings Per Share Expected for Investors Real Estate Trust (IRET) This Quarter” was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/12/0-10-earnings-per-share-expected-for-investors-real-estate-trust-iret-this-quarter.html.

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.

Get a free copy of the Zacks research report on Investors Real Estate Trust (IRET)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Investors Real Estate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Real Estate Trust and related companies with MarketBeat.com's FREE daily email newsletter.