Equities analysts expect Investors Real Estate Trust (NYSE:IRET) to report sales of $54.08 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Investors Real Estate Trust’s earnings. The highest sales estimate is $54.60 million and the lowest is $53.56 million. Investors Real Estate Trust posted sales of $51.17 million in the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The business is expected to issue its next quarterly earnings report on Monday, March 12th.

According to Zacks, analysts expect that Investors Real Estate Trust will report full-year sales of $54.08 million for the current fiscal year, with estimates ranging from $202.63 million to $214.11 million. For the next year, analysts expect that the firm will post sales of $193.60 million per share, with estimates ranging from $165.71 million to $221.49 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Investors Real Estate Trust.

Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Investors Real Estate Trust had a negative return on equity of 6.07% and a net margin of 0.73%. The firm had revenue of $53.92 million for the quarter, compared to analyst estimates of $53.69 million. During the same quarter in the prior year, the company earned $0.12 EPS. Investors Real Estate Trust’s revenue was up 6.6% on a year-over-year basis.

IRET has been the topic of several analyst reports. 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. BidaskClub upgraded Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine downgraded Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, Robert W. Baird reiterated 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.

Shares of Investors Real Estate Trust (IRET) opened at $5.68 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $770.52, a PE ratio of -33.41, a price-to-earnings-growth ratio of 2.69 and a beta of 0.81. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.28 annualized dividend and a yield of 4.93%. Investors Real Estate Trust’s dividend payout ratio is presently -164.71%.

In other news, Director Jeffrey Caira acquired 45,000 shares of Investors Real Estate Trust stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $5.79 per share, with a total value of $260,550.00. Following the completion of the acquisition, the director now owns 102,807 shares in the company, valued at approximately $595,252.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.04% of the company’s stock.

Large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in Investors Real Estate Trust by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 2,371 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Investors Real Estate Trust by 17.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 21,754 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 3,201 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Investors Real Estate Trust by 5.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 95,291 shares of the real estate investment trust’s stock worth $592,000 after buying an additional 4,552 shares in the last quarter. Voya Investment Management LLC lifted its position in Investors Real Estate Trust by 6.8% in the second quarter. Voya Investment Management LLC now owns 73,996 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 4,685 shares during the period. Finally, Teachers Advisors LLC lifted its position in Investors Real Estate Trust by 3.8% in the first quarter. Teachers Advisors LLC now owns 208,123 shares of the real estate investment trust’s stock worth $1,234,000 after purchasing an additional 7,623 shares during the period. 53.63% of the stock is owned by institutional investors and hedge funds.

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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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