Analysts Expect Investors Real Estate Trust (IRET) to Announce $0.10 Earnings Per Share

Wall Street analysts expect Investors Real Estate Trust (NYSE:IRET) to post earnings per share (EPS) of $0.10 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Investors Real Estate Trust’s earnings. Investors Real Estate Trust reported earnings of $0.12 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 16.7%. The company is scheduled to issue its next quarterly earnings report on Monday, March 12th.

On average, analysts expect that Investors Real Estate Trust will report full year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.33 to $0.37. For the next financial year, analysts forecast that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.37 to $0.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Investors Real Estate Trust.

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

A number of brokerages have commented on IRET. BidaskClub downgraded Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research note on Wednesday, November 15th. ValuEngine upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird restated a “hold” rating and issued a $7.00 target price on shares of Investors Real Estate Trust in a research note on Sunday, November 19th.

In other news, Director Michael T. Dance bought 2,000 shares of the stock in a transaction on Thursday, January 18th. The shares were purchased at an average price of $24.95 per share, for a total transaction of $49,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Dance bought 10,000 shares of the stock in a transaction on Thursday, January 4th. The stock was purchased at an average price of $5.50 per share, for a total transaction of $55,000.00. Following the purchase, the director now directly owns 24,671 shares of the company’s stock, valued at $135,690.50. The disclosure for this purchase can be found here. Insiders acquired 90,900 shares of company stock worth $555,335 in the last 90 days. Corporate insiders own 1.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of IRET. JPMorgan Chase & Co. lifted its position in shares of Investors Real Estate Trust by 67,497.6% in the third quarter. JPMorgan Chase & Co. now owns 304,189 shares of the real estate investment trust’s stock worth $1,856,000 after buying an additional 303,739 shares during the last quarter. BlackRock Inc. lifted its position in shares of Investors Real Estate Trust by 1.8% in the fourth quarter. BlackRock Inc. now owns 10,709,041 shares of the real estate investment trust’s stock worth $60,829,000 after buying an additional 192,546 shares during the last quarter. State Street Corp lifted its position in shares of Investors Real Estate Trust by 5.4% in the second quarter. State Street Corp now owns 2,778,387 shares of the real estate investment trust’s stock worth $17,253,000 after buying an additional 142,589 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Investors Real Estate Trust by 339.0% in the third quarter. GSA Capital Partners LLP now owns 167,699 shares of the real estate investment trust’s stock worth $1,025,000 after buying an additional 129,503 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Investors Real Estate Trust by 183.4% in the fourth quarter. Citadel Advisors LLC now owns 195,572 shares of the real estate investment trust’s stock worth $1,110,000 after buying an additional 126,564 shares during the last quarter. Hedge funds and other institutional investors own 53.71% of the company’s stock.

Investors Real Estate Trust (IRET) opened at $5.11 on Monday. Investors Real Estate Trust has a twelve month low of $5.01 and a twelve month high of $6.75. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $613.39, a price-to-earnings ratio of 15.49, a PEG ratio of 2.43 and a beta of 0.75.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a yield of 5.48%. Investors Real Estate Trust’s dividend payout ratio (DPR) is currently 84.85%.

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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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Earnings History and Estimates for Investors Real Estate Trust (NYSE:IRET)

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