Wall Street analysts predict that Investors Real Estate Trust (NYSE:IRET) will report sales of $53.06 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Investors Real Estate Trust’s earnings, with the highest sales estimate coming in at $53.34 million and the lowest estimate coming in at $52.78 million. Investors Real Estate Trust reported sales of $50.61 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The business is scheduled to announce its next quarterly earnings results on Monday, December 11th.

According to Zacks, analysts expect that Investors Real Estate Trust will report full year sales of $53.06 million for the current year, with estimates ranging from $211.93 million to $212.81 million. For the next fiscal year, analysts expect that the firm will post sales of $214.93 million per share, with estimates ranging from $211.74 million to $218.11 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Investors Real Estate Trust.

Investors Real Estate Trust (NYSE:IRET) last posted its quarterly earnings results on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS.

Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. BidaskClub downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Investors Real Estate Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock worth $115,960,000 after acquiring an additional 340,851 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Investors Real Estate Trust by 4.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,138 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 1,248 shares during the last quarter. Swiss National Bank lifted its position in Investors Real Estate Trust by 3.9% during the first quarter. Swiss National Bank now owns 200,400 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring an additional 7,500 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Investors Real Estate Trust by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock worth $1,588,000 after acquiring an additional 2,068 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Investors Real Estate Trust by 18.4% during the first quarter. First Trust Advisors LP now owns 301,781 shares of the real estate investment trust’s stock worth $1,790,000 after acquiring an additional 46,943 shares during the last quarter. Hedge funds and other institutional investors own 53.05% of the company’s stock.

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Investors Real Estate Trust (IRET) traded up 0.080% during trading on Wednesday, reaching $6.275. The company’s stock had a trading volume of 447,244 shares. The firm’s 50-day moving average is $6.07 and its 200-day moving average is $6.08. The stock has a market cap of $756.68 million, a P/E ratio of 16.513 and a beta of 0.79. Investors Real Estate Trust has a 52-week low of $5.60 and a 52-week high of $7.28.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.28 annualized dividend and a yield of 4.47%. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently 80.00%.

Investors Real Estate Trust Company Profile

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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