Wall Street brokerages expect Investors Real Estate Trust (NYSE:IRET) to post $53.04 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Investors Real Estate Trust’s earnings. The highest sales estimate is $53.34 million and the lowest is $52.74 million. Investors Real Estate Trust posted sales of $50.61 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The business is expected to announce its next quarterly earnings results after the market closes on Monday, December 11th.

On average, analysts expect that Investors Real Estate Trust will report full-year sales of $53.04 million for the current year. For the next financial year, analysts expect that the company will post sales of $160.98 million per share. Zacks’ sales calculations are a mean average based on a survey of analysts that cover 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 (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The firm 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%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share.

A number of equities research analysts recently issued reports on IRET shares. BidaskClub raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Robert W. Baird reissued a “hold” rating and issued a $7.00 target price on shares of Investors Real Estate Trust in a research report on Sunday, November 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Investors Real Estate Trust currently has a consensus rating of “Hold” and a consensus target price of $6.67.

Shares of Investors Real Estate Trust (NYSE IRET) opened at $5.94 on Thursday. The company has a market capitalization of $716.29, a PE ratio of 13.20, a PEG ratio of 2.61 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.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.71%. Investors Real Estate Trust’s dividend payout ratio (DPR) is currently 80.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IRET. The Manufacturers Life Insurance Company boosted its position in shares of Investors Real Estate Trust by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock valued at $617,000 after purchasing an additional 2,371 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Investors Real Estate Trust by 17.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 21,754 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 3,201 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Investors Real Estate Trust by 5.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 95,291 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 4,552 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Investors Real Estate Trust by 6.8% in the second quarter. Voya Investment Management LLC now owns 73,996 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 4,685 shares in the last quarter. Finally, Creative Planning boosted its holdings in Investors Real Estate Trust by 43.4% in the second quarter. Creative Planning now owns 19,088 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 5,775 shares in the last quarter. Hedge funds and other institutional investors own 53.40% of the company’s stock.

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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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