Wall Street analysts forecast that Investors Real Estate Trust (NYSE:IRET) will report $0.11 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Investors Real Estate Trust’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.12. Investors Real Estate Trust posted earnings of $0.14 per share in the same quarter last year, which would suggest a negative year over year growth rate of 21.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 5th.

According to Zacks, analysts expect that Investors Real Estate Trust will report full-year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.48. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.44 to $0.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Investors Real Estate Trust.

Investors Real Estate Trust (NYSE:IRET) last posted its quarterly earnings results on Monday, March 13th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. Investors Real Estate Trust had a return on equity of 0.03% and a net margin of 19.93%. The business had revenue of $51.20 million for the quarter, compared to analyst estimates of $51.95 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis.

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Separately, Zacks Investment Research lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.56.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at 6.14 on Thursday. The firm has a market cap of $748.57 million, a P/E ratio of 64.63 and a beta of 0.83. Investors Real Estate Trust has a 52 week low of $5.60 and a 52 week high of $7.28. The stock has a 50 day moving average of $6.00 and a 200 day moving average of $6.36.

The company also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Monday, March 20th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Thursday, March 16th. Investors Real Estate Trust’s payout ratio is 116.67%.

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Several hedge funds have recently made changes to their positions in IRET. BlackRock Institutional Trust Company N.A. raised its stake in shares of Investors Real Estate Trust by 0.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,512,859 shares of the real estate investment trust’s stock worth $26,852,000 after buying an additional 27,883 shares during the last quarter. State Street Corp raised its stake in shares of Investors Real Estate Trust by 9.3% in the fourth quarter. State Street Corp now owns 2,469,628 shares of the real estate investment trust’s stock worth $17,607,000 after buying an additional 209,766 shares during the last quarter. Pacific Heights Asset Management LLC raised its stake in shares of Investors Real Estate Trust by 6.7% in the third quarter. Pacific Heights Asset Management LLC now owns 2,400,000 shares of the real estate investment trust’s stock worth $14,280,000 after buying an additional 150,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Investors Real Estate Trust during the fourth quarter worth approximately $9,363,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Investors Real Estate Trust by 17.3% in the third quarter. Bank of New York Mellon Corp now owns 1,058,111 shares of the real estate investment trust’s stock worth $6,297,000 after buying an additional 155,725 shares during the last quarter. 47.46% of the stock is currently owned by hedge funds and other institutional investors.

About Investors Real Estate Trust

Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota.

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