Investors Real Estate Trust (IRET) Earns Daily News Impact Score of 0.25
News headlines about Investors Real Estate Trust (NYSE:IRET) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Investors Real Estate Trust earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.0955322163117 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
IRET has been the topic of several analyst reports. Zacks Investment Research upgraded Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine downgraded Investors Real Estate Trust from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $7.00 price target on shares of Investors Real Estate Trust in a report on Sunday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Investors Real Estate Trust presently has an average rating of “Hold” and a consensus target price of $6.67.
Shares of Investors Real Estate Trust (NYSE IRET) opened at $5.95 on Tuesday. 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 $719.90, a PE ratio of 13.27, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. Investors Real Estate Trust has a twelve month low of $5.60 and a twelve month high of $7.28.
Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings results on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $52.70 million during the quarter, compared to the consensus estimate of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. sell-side analysts forecast that Investors Real Estate Trust will post 0.4 EPS for the current year.
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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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