Investors Real Estate Trust (NYSE:IRET) – Analysts at DA Davidson decreased their Q1 2019 earnings per share (EPS) estimates for Investors Real Estate Trust in a research report issued on Wednesday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.10. DA Davidson also issued estimates for Investors Real Estate Trust’s Q2 2019 earnings at $0.09 EPS.

Investors Real Estate Trust (NYSE:IRET) last posted its quarterly earnings data on Monday, December 11th. The real estate investment trust reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. The company had revenue of $53.92 million during the quarter, compared to the consensus estimate of $53.69 million. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year.

A number of other analysts also recently issued reports on the stock. BidaskClub raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Robert W. Baird reissued a “hold” rating and set a $7.00 target price on shares of Investors Real Estate Trust in a research report on Sunday, November 19th. Zacks Investment Research downgraded shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, ValuEngine raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th.

Investors Real Estate Trust (NYSE:IRET) traded up $0.02 during midday trading on Thursday, hitting $5.77. 717,546 shares of the stock were exchanged, compared to its average volume of 447,004. Investors Real Estate Trust has a one year low of $5.60 and a one year high of $7.28. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.23 and a current ratio of 0.17. The firm has a market cap of $689.01, a P/E ratio of 13.35, a P/E/G ratio of 2.55 and a beta of 0.81.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Friday, December 29th. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently 84.85%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC increased its position in Investors Real Estate Trust by 7.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 333,488 shares of the real estate investment trust’s stock worth $2,071,000 after purchasing an additional 22,289 shares in the last quarter. Northern Trust Corp increased its position in Investors Real Estate Trust by 2.8% during the 2nd quarter. Northern Trust Corp now owns 2,067,920 shares of the real estate investment trust’s stock worth $12,842,000 after purchasing an additional 56,517 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Investors Real Estate Trust in the third quarter valued at approximately $510,000. Legal & General Group Plc grew its position in Investors Real Estate Trust by 12.3% in the second quarter. Legal & General Group Plc now owns 337,737 shares of the real estate investment trust’s stock valued at $2,097,000 after acquiring an additional 37,026 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in Investors Real Estate Trust by 155.3% in the second quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock valued at $2,940,000 after acquiring an additional 287,961 shares in the last quarter. 53.40% of the stock is owned by hedge funds and other institutional investors.

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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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