Investors Real Estate Trust (IRET) Announces Quarterly Earnings, Misses Estimates By $0.03 EPS
Investors Real Estate Trust (NASDAQ:IRET) announced its earnings results on Monday. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.03, Stock Ratings Network reports. The company had revenue of $66.98 million for the quarter, compared to the consensus estimate of $67.73 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis.
Investors Real Estate Trust (NASDAQ:IRET) traded up 0.55% during mid-day trading on Monday, hitting $9.21. 441,370 shares of the company’s stock traded hands. Investors Real Estate Trust has a one year low of $7.97 and a one year high of $9.37. The stock has a 50-day moving average of $8.91 and a 200-day moving average of $8.73. The company has a market cap of $987.9 million and a P/E ratio of 67.85.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Thursday, June 12th.
Investors Real Estate Trust (NASDAQ:IRET) a self-advised equity real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.