Equities research analysts expect that Investors Real Estate Trust (NYSE:IRET) will announce sales of $53.06 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Investors Real Estate Trust’s earnings, with the lowest sales estimate coming in at $52.78 million and the highest estimate coming in at $53.34 million. Investors Real Estate Trust posted sales of $50.61 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The firm is scheduled to report its next 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 financial 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 Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Investors Real Estate Trust.

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

A number of brokerages recently commented on IRET. BidaskClub raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Finally, Zacks Investment Research raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th.

A number of institutional investors and hedge funds have recently modified their holdings of IRET. Evercore Wealth Management LLC purchased a new position in Investors Real Estate Trust in the second quarter valued at about $3,297,000. Vanguard Group Inc. boosted its holdings in Investors Real Estate Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock valued at $115,960,000 after purchasing an additional 340,851 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Investors Real Estate Trust by 155.3% during the 2nd quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock worth $2,940,000 after buying an additional 287,961 shares during the last quarter. State Street Corp lifted its holdings in Investors Real Estate Trust by 6.7% during the 1st quarter. State Street Corp now owns 2,635,798 shares of the real estate investment trust’s stock worth $15,632,000 after buying an additional 166,170 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Investors Real Estate Trust by 9.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 894,551 shares of the real estate investment trust’s stock worth $5,556,000 after buying an additional 77,350 shares during the last quarter. 53.02% of the stock is owned by hedge funds and other institutional investors.

Shares of Investors Real Estate Trust (IRET) opened at 5.85 on Monday. Investors Real Estate Trust has a 12 month low of $5.60 and a 12 month high of $7.28. The firm has a market cap of $705.43 million, a price-to-earnings ratio of 16.71 and a beta of 0.79. The stock’s 50 day moving average price is $6.03 and its 200 day moving average price is $6.09.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend was Thursday, September 14th. Investors Real Estate Trust’s dividend payout ratio is currently 80.00%.

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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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