Brokerages Anticipate Investors Real Estate Trust Reit (IRET) Will Announce Earnings of $0.85 Per Share

Wall Street brokerages predict that Investors Real Estate Trust Reit (NYSE:IRET) will post earnings of $0.85 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Investors Real Estate Trust Reit’s earnings, with estimates ranging from $0.82 to $0.90. The firm is expected to issue its next earnings results on Monday, April 8th.

According to Zacks, analysts expect that Investors Real Estate Trust Reit will report full year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $3.58 to $3.66. For the next fiscal year, analysts expect that the firm will post earnings of $3.89 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Investors Real Estate Trust Reit.

Several research firms have recently commented on IRET. Zacks Investment Research raised Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Saturday, March 2nd. ValuEngine upgraded Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a research note on Monday, December 17th.

Shares of Investors Real Estate Trust Reit stock opened at $60.05 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $721.97 million, a PE ratio of 17.74, a PEG ratio of 2.78 and a beta of 0.97. Investors Real Estate Trust Reit has a one year low of $46.30 and a one year high of $62.24.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.66%. This is a positive change from Investors Real Estate Trust Reit’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, March 14th. Investors Real Estate Trust Reit’s payout ratio is currently 73.68%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in Investors Real Estate Trust Reit during the fourth quarter valued at approximately $36,000. Acadian Asset Management LLC acquired a new stake in Investors Real Estate Trust Reit in the 4th quarter worth approximately $145,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Investors Real Estate Trust Reit by 67.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,346 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 9,371 shares during the period. Jane Street Group LLC increased its holdings in Investors Real Estate Trust Reit by 80.8% in the 3rd quarter. Jane Street Group LLC now owns 20,970 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 9,373 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Investors Real Estate Trust Reit during the fourth quarter worth $547,000. 61.94% of the stock is owned by institutional investors.

About Investors Real Estate Trust Reit

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of December 31, 2018, IRET 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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