Investors Real Estate Trust Declares Quarterly Dividend of $0.13 (IRET)
Investors Real Estate Trust (NASDAQ:IRET) announced a quarterly dividend on Wednesday, June 4th, Stock Ratings Network reports. Shareholders of record on Monday, June 16th will be paid a dividend of 0.13 per share on Tuesday, July 1st. This represents a $0.52 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Thursday, June 12th.
Shares of Investors Real Estate Trust (NASDAQ:IRET) traded up 0.11% during mid-day trading on Wednesday, hitting $8.91. 162,459 shares of the company’s stock traded hands. Investors Real Estate Trust has a 52 week low of $7.97 and a 52 week high of $9.37. The stock has a 50-day moving average of $8.78 and a 200-day moving average of $8.68. The company has a market cap of $955.7 million and a P/E ratio of 65.93.
Investors Real Estate Trust (NASDAQ:IRET) last announced its earnings results on Wednesday, March 12th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.01. The company had revenue of $67.60 million for the quarter, compared to the consensus estimate of $66.63 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Investors Real Estate Trust will post $0.66 earnings per share for the current fiscal year.
Investors Real Estate Trust (NASDAQ:IRET) a self-advised equity real estate investment trust (REIT).
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