DA Davidson Analysts Boost Earnings Estimates for Investors Real Estate Trust (IRET)

Investors Real Estate Trust (NYSE:IRET) – Stock analysts at DA Davidson upped their Q3 2018 earnings per share (EPS) estimates for Investors Real Estate Trust in a note issued to investors on Friday. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will post earnings per share of $0.10 for the quarter, up from their previous forecast of $0.09. DA Davidson also issued estimates for Investors Real Estate Trust’s Q4 2018 earnings at $0.07 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.39 EPS.

IRET has been the topic of a number of other reports. BidaskClub cut Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 price target on shares of Investors Real Estate Trust in a research note on Sunday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.67.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at $5.96 on Monday. The stock has a market capitalization of $718.70, a P/E ratio of 13.24, a PEG ratio of 2.50 and a beta of 0.81. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.04. Investors Real Estate Trust has a 1 year low of $5.60 and a 1 year high of $7.28.

Investors Real Estate Trust (NYSE:IRET) last released its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $52.70 million for 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%. Investors Real Estate Trust’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share.

A number of hedge funds have recently made changes to their positions in IRET. Evercore Wealth Management LLC acquired a new stake in Investors Real Estate Trust in the 2nd quarter valued at $3,297,000. JPMorgan Chase & Co. boosted its stake in Investors Real Estate Trust by 67,497.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 304,189 shares of the real estate investment trust’s stock valued at $1,856,000 after buying an additional 303,739 shares in the last quarter. Susquehanna International Group LLP boosted its stake in Investors Real Estate Trust by 155.3% in the 2nd quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock valued at $2,940,000 after buying an additional 287,961 shares in the last quarter. State Street Corp boosted its stake in Investors Real Estate Trust by 6.7% in the 1st quarter. State Street Corp now owns 2,635,798 shares of the real estate investment trust’s stock valued at $15,632,000 after buying an additional 166,170 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Investors Real Estate Trust by 339.0% in the 3rd quarter. GSA Capital Partners LLP now owns 167,699 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 129,503 shares in the last quarter. 53.29% of the stock is currently owned by institutional investors and hedge funds.

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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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