Investors Real Estate Trust (NYSE:IRET) declared a quarterly dividend on Wednesday, December 6th, Wall Street Journal reports. Stockholders of record on Tuesday, January 2nd will be given a dividend of 0.07 per share by the real estate investment trust on Tuesday, January 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, December 29th.

Investors Real Estate Trust has a dividend payout ratio of 73.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Investors Real Estate Trust to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 66.7%.

Investors Real Estate Trust (NYSE IRET) traded down $0.03 during trading hours on Wednesday, hitting $5.91. 419,600 shares of the stock were exchanged, compared to its average volume of 441,773. Investors Real Estate Trust has a 52 week low of $5.60 and a 52 week high of $7.28. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $716.29, a PE ratio of 13.20, a P/E/G ratio of 2.61 and a beta of 0.81.

Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings results on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $52.70 million during the quarter, compared to analyst estimates of $50.76 million. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. Investors Real Estate Trust’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. analysts anticipate that Investors Real Estate Trust will post 0.38 earnings per share for the current fiscal year.

IRET has been the subject of a number of analyst reports. ValuEngine raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Zacks Investment Research raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Wednesday, November 15th. Robert W. Baird reissued a “hold” rating and set a $7.00 price target on shares of Investors Real Estate Trust in a research report on Sunday, November 19th. Finally, BidaskClub raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Investors Real Estate Trust has a consensus rating of “Hold” and an average price target of $6.67.

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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.

Dividend History for Investors Real Estate Trust (NYSE:IRET)

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