Investors Real Estate Trust (NYSE:CSR) issued its quarterly earnings results on Sunday. The company reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($1.35), Fidelity Earnings reports. Investors Real Estate Trust had a net margin of 34.57% and a return on equity of 10.77%.
NYSE CSR traded up $0.10 during trading on Tuesday, reaching $71.10. 1,610 shares of the company’s stock were exchanged, compared to its average volume of 45,900. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.76. Investors Real Estate Trust has a fifty-two week low of $43.58 and a fifty-two week high of $77.36. The stock has a fifty day moving average price of $71.78. The company has a market capitalization of $922.59 million, a price-to-earnings ratio of 16.90 and a beta of 0.99.
Separately, BMO Capital Markets raised shares of Investors Real Estate Trust from a “market perform” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Monday, January 11th.
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of September 30, 2020, we owned interests in 67 apartment communities consisting of 11,910 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: "IRET" and "IRET PC," respectively).
Further Reading: Back-End Load
Receive News & Ratings for Investors Real Estate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Real Estate Trust and related companies with MarketBeat.com's FREE daily email newsletter.