Wall Street analysts expect that Investors Real Estate Trust Reit (NYSE:IRET) will announce earnings of $0.09 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Investors Real Estate Trust Reit’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.08. Investors Real Estate Trust Reit reported earnings of $0.10 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The company is scheduled to issue its next earnings results on Monday, December 10th.

On average, analysts expect that Investors Real Estate Trust Reit will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.36. For the next financial year, analysts expect that the firm will report earnings of $0.40 per share, with EPS estimates ranging from $0.39 to $0.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Investors Real Estate Trust Reit.

Investors Real Estate Trust Reit (NYSE:IRET) last announced its quarterly earnings data on Monday, September 10th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.07). Investors Real Estate Trust Reit had a net margin of 69.92% and a negative return on equity of 4.92%. The company had revenue of $45.95 million during the quarter, compared to the consensus estimate of $44.94 million.

IRET has been the subject of several recent research reports. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday. Boenning Scattergood initiated coverage on Investors Real Estate Trust Reit in a research report on Monday, September 17th. They issued a “neutral” rating for the company. Finally, Robert W. Baird upgraded Investors Real Estate Trust Reit from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 25th.

IRET stock traded up $0.03 during midday trading on Friday, hitting $5.47. The company had a trading volume of 128,000 shares, compared to its average volume of 455,766. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.72 and a current ratio of 0.72. Investors Real Estate Trust Reit has a 52 week low of $4.61 and a 52 week high of $6.08. The company has a market capitalization of $646.53 million, a P/E ratio of 14.39, a PEG ratio of 2.58 and a beta of 0.77.

Several institutional investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC raised its holdings in shares of Investors Real Estate Trust Reit by 24.6% during the first quarter. A.R.T. Advisors LLC now owns 61,700 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 12,200 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Investors Real Estate Trust Reit by 82.8% during the second quarter. SG Americas Securities LLC now owns 33,104 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 14,990 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Investors Real Estate Trust Reit by 49.0% during the second quarter. Metropolitan Life Insurance Co. NY now owns 46,788 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 15,395 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Investors Real Estate Trust Reit by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,955,620 shares of the real estate investment trust’s stock valued at $10,815,000 after acquiring an additional 18,101 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Investors Real Estate Trust Reit by 167.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 29,190 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 18,257 shares in the last quarter. Institutional investors own 57.88% of the company’s stock.

Investors Real Estate Trust Reit Company Profile

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of July 31, 2018, we owned interests in 87 apartment communities consisting of 13,703 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 PRC," respectively).

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

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