Wall Street brokerages forecast that Investors Real Estate Trust Reit (NYSE:IRET) will announce $45.26 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Investors Real Estate Trust Reit’s earnings, with the lowest sales estimate coming in at $44.46 million and the highest estimate coming in at $46.43 million. Investors Real Estate Trust Reit posted sales of $53.92 million during the same quarter last year, which indicates a negative year-over-year growth rate of 16.1%. The company is scheduled to issue its next quarterly earnings report on Monday, December 10th.

On average, analysts expect that Investors Real Estate Trust Reit will report full year sales of $182.88 million for the current year, with estimates ranging from $180.10 million to $186.71 million. For the next year, analysts forecast that the business will post sales of $190.18 million, with estimates ranging from $186.85 million to $194.64 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Investors Real Estate Trust Reit.

Investors Real Estate Trust Reit (NYSE:IRET) last posted 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 negative return on equity of 4.92% and a net margin of 69.92%. The business had revenue of $45.95 million during the quarter, compared to analysts’ expectations of $44.94 million.

Several research analysts have weighed in on the company. Zacks Investment Research raised Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Wednesday. Boenning Scattergood assumed coverage on Investors Real Estate Trust Reit in a research report on Monday, September 17th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird raised Investors Real Estate Trust Reit from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 25th.

A number of hedge funds have recently bought and sold shares of IRET. Tower Research Capital LLC TRC boosted its position in Investors Real Estate Trust Reit by 1,853.1% in the second quarter. Tower Research Capital LLC TRC now owns 21,484 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 20,384 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Investors Real Estate Trust Reit by 167.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 29,190 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 18,257 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Investors Real Estate Trust Reit by 175.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,112 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 19,800 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Investors Real Estate Trust Reit by 82.8% during the 2nd quarter. SG Americas Securities LLC now owns 33,104 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 14,990 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Investors Real Estate Trust Reit by 131.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 35,416 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 20,092 shares during the last quarter. 57.88% of the stock is currently owned by institutional investors and hedge funds.

IRET stock traded down $0.04 during midday trading on Monday, hitting $5.43. The company’s stock had a trading volume of 277,806 shares, compared to its average volume of 339,914. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.15. Investors Real Estate Trust Reit has a 1 year low of $4.61 and a 1 year high of $6.08. The stock has a market cap of $650.12 million, a P/E ratio of 14.29, a P/E/G ratio of 2.59 and a beta of 0.77.

About Investors Real Estate Trust Reit

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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