Investors Real Estate Trust (NYSE:IRET) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, Bloomberg Earnings reports. The firm had revenue of $53.92 million for the quarter, compared to the consensus estimate of $53.69 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share.
Investors Real Estate Trust (IRET) traded up $0.02 during trading on Monday, hitting $5.88. The stock had a trading volume of 456,346 shares, compared to its average volume of 442,285. 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 firm has a market capitalization of $706.64, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, December 29th. Investors Real Estate Trust’s payout ratio is 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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