Somewhat Positive Press Coverage Somewhat Unlikely to Impact Investors Real Estate Trust (IRET) Stock Price
News headlines about Investors Real Estate Trust (NYSE:IRET) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Investors Real Estate Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.0219060362674 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Investors Real Estate Trust (NYSE:IRET) traded down $0.18 during trading hours on Friday, hitting $5.87. 171,670 shares of the stock were exchanged, compared to its average volume of 407,699. The stock has a market cap of $707.85, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.41 and a beta of 0.80. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.04.
Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings results on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The firm had revenue of $52.70 million for the quarter, compared to analyst estimates of $50.76 million. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 EPS. analysts anticipate that Investors Real Estate Trust will post 0.41 earnings per share for the current year.
A number of analysts recently weighed in on IRET shares. Zacks Investment Research raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Finally, ValuEngine lowered shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a report on Friday, September 22nd.
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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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