Wall Street analysts forecast that Investors Real Estate Trust Reit (NYSE:IRET) will post earnings of $0.91 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Investors Real Estate Trust Reit’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.92. Investors Real Estate Trust Reit posted earnings of $0.90 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1.1%. The firm is expected to announce its next quarterly earnings results on Monday, March 11th.

On average, analysts expect that Investors Real Estate Trust Reit will report full-year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.62. For the next financial year, analysts forecast that the firm will post earnings of $4.02 per share, with EPS estimates ranging from $3.90 to $4.10. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Investors Real Estate Trust Reit.

Investors Real Estate Trust Reit (NYSE:IRET) last released its earnings results on Monday, December 10th. The real estate investment trust reported ($0.50) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.55) by $0.05. Investors Real Estate Trust Reit had a negative return on equity of 5.78% and a net margin of 63.45%. The company had revenue of $45.64 million for the quarter, compared to analysts’ expectations of $45.26 million.

IRET has been the topic of several research analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Investors Real Estate Trust Reit in a research note on Tuesday, December 11th. Zacks Investment Research cut Investors Real Estate Trust Reit from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, ValuEngine raised Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a research note on Monday, December 17th.

NYSE:IRET traded down $0.07 on Monday, hitting $59.60. 48,500 shares of the company’s stock traded hands, compared to its average volume of 85,218. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.64 and a quick ratio of 0.64. Investors Real Estate Trust Reit has a 1 year low of $46.10 and a 1 year high of $60.00. The stock has a market cap of $714.31 million, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, December 31st. This represents a $0.28 annualized dividend and a dividend yield of 0.47%. Investors Real Estate Trust Reit’s payout ratio is 73.68%.

In other news, CEO Mark Okey Decker, Jr. purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, December 19th. The stock was acquired at an average price of $5.20 per share, with a total value of $26,000.00. Following the purchase, the chief executive officer now owns 183,435 shares in the company, valued at approximately $953,862. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Kirchmann purchased 19,995 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average cost of $5.22 per share, with a total value of $104,373.90. Following the purchase, the chief financial officer now owns 62,391 shares in the company, valued at approximately $325,681.02. The disclosure for this purchase can be found here. In the last three months, insiders purchased 35,713 shares of company stock valued at $271,109. 0.85% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC bought a new stake in Investors Real Estate Trust Reit during the fourth quarter worth approximately $36,000. Acadian Asset Management LLC bought a new stake in Investors Real Estate Trust Reit during the fourth quarter worth approximately $145,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Investors Real Estate Trust Reit by 67.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,346 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 9,371 shares during the period. Jane Street Group LLC boosted its position in Investors Real Estate Trust Reit by 80.8% during the third quarter. Jane Street Group LLC now owns 20,970 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 9,373 shares during the period. Finally, Chicago Equity Partners LLC bought a new stake in Investors Real Estate Trust Reit during the fourth quarter worth approximately $547,000.

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 October 31, 2018, we 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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