Investors Real Estate Trust (IRET) Declares Quarterly Dividend of $0.13
Investors Real Estate Trust (NASDAQ:IRET) declared a quarterly dividend on Wednesday, September 3rd, AR Network reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.13 per share on Wednesday, October 1st. This represents a $0.52 dividend on an annualized basis and a yield of 6.07%.
Investors Real Estate Trust (NASDAQ:IRET) traded down 0.47% during mid-day trading on Wednesday, hitting $8.53. 533,332 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 $9.21. The stock has a 50-day moving average of $8.5 and a 200-day moving average of $8.74. The company’s market cap is $933.0 million.
Investors Real Estate Trust (NASDAQ:IRET) last issued its quarterly earnings data on Monday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.03. 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 previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Investors Real Estate Trust will post $0.66 EPS for the current fiscal year.
Investors Real Estate Trust (NASDAQ:IRET) a self-advised equity real estate investment trust (REIT).
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