Investors Real Estate Trust Reit (NYSE:IRET) declared a quarterly dividend on Thursday, December 6th, Wall Street Journal reports. Shareholders of record on Wednesday, January 2nd will be given a dividend of 0.07 per share by the real estate investment trust on Tuesday, January 15th. This represents a $0.28 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend is Monday, December 31st.

Investors Real Estate Trust Reit has decreased its dividend payment by an average of 13.2% per year over the last three years. Investors Real Estate Trust Reit has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Investors Real Estate Trust Reit to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 70.0%.

NYSE:IRET opened at $5.34 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.72 and a current ratio of 0.72. Investors Real Estate Trust Reit has a 12 month low of $4.61 and a 12 month high of $6.00. The stock has a market capitalization of $625.02 million, a price-to-earnings ratio of 14.05, a P/E/G ratio of 2.49 and a beta of 0.76.

Investors Real Estate Trust Reit (NYSE:IRET) last announced its earnings results on Monday, September 10th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $45.95 million for the quarter, compared to analyst estimates of $44.94 million. Investors Real Estate Trust Reit had a net margin of 69.92% and a negative return on equity of 4.92%. Equities research analysts anticipate that Investors Real Estate Trust Reit will post 0.35 EPS for the current fiscal year.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Investors Real Estate Trust Reit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Robert W. Baird upgraded Investors Real Estate Trust Reit from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 25th. Finally, Boenning Scattergood assumed coverage on Investors Real Estate Trust Reit in a research note on Monday, September 17th. They set a “neutral” rating for the company.

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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 July 31, 2018, we owned interests in 87 apartment communities consisting of 13,703 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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Dividend History for Investors Real Estate Trust Reit (NYSE:IRET)

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