Investors Real Estate Trust (NYSE:CSR) Announces Earnings Results, Misses Estimates By $1.37 EPS


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Investors Real Estate Trust (NYSE:CSR) issued its quarterly earnings data on Sunday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($1.37), Fidelity Earnings reports. Investors Real Estate Trust had a return on equity of 10.77% and a net margin of 34.57%.

Investors Real Estate Trust stock traded down $0.57 during mid-day trading on Tuesday, reaching $69.67. 29,857 shares of the company were exchanged, compared to its average volume of 46,449. The company has a market cap of $921.04 million, a price-to-earnings ratio of 16.76 and a beta of 0.99. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.76. The firm’s fifty day simple moving average is $70.39. Investors Real Estate Trust has a 12 month low of $56.70 and a 12 month high of $77.30.

The business also recently declared a quarterly dividend, which was paid on Monday, April 12th. Investors of record on Wednesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Tuesday, March 30th. Investors Real Estate Trust’s dividend payout ratio is currently 75.27%.

CSR has been the subject of several research reports. Zacks Investment Research raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 21st. BTIG Research reissued a “neutral” rating on shares of Investors Real Estate Trust in a research report on Tuesday, March 30th. Finally, BMO Capital Markets upgraded shares of Investors Real Estate Trust from a “market perform” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Monday, January 11th.

About Investors Real Estate Trust

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).

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Earnings History for Investors Real Estate Trust (NYSE:CSR)

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