Investors Real Estate Trust Reit (IRET) to Release Quarterly Earnings on Monday

Investors Real Estate Trust Reit (NYSE:IRET) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Investors Real Estate Trust Reit (NYSE:IRET) last posted its earnings results on Monday, May 11th. The real estate investment trust reported ($0.67) EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($1.49). Investors Real Estate Trust Reit had a return on equity of 15.10% and a net margin of 43.62%. The firm had revenue of $44.41 million for the quarter, compared to analyst estimates of $44.80 million. On average, analysts expect Investors Real Estate Trust Reit to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

IRET opened at $72.30 on Friday. The stock has a market capitalization of $877.83 million, a P/E ratio of 12.32 and a beta of 1.07. Investors Real Estate Trust Reit has a one year low of $43.58 and a one year high of $85.24. The business’s 50-day simple moving average is $71.29 and its 200-day simple moving average is $68.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.09 and a current ratio of 0.09.

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Monday, June 29th. Investors Real Estate Trust Reit’s dividend payout ratio (DPR) is presently 75.27%.

Several equities analysts recently issued reports on the company. BMO Capital Markets restated a “hold” rating and issued a $72.00 price target on shares of Investors Real Estate Trust Reit in a research report on Wednesday, June 24th. BTIG Research lifted their price objective on Investors Real Estate Trust Reit from $72.50 to $79.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Zacks Investment Research lowered Investors Real Estate Trust Reit from a “hold” rating to a “sell” rating in a report on Wednesday, June 10th. TheStreet lowered Investors Real Estate Trust Reit from a “c-” rating to a “d” rating in a report on Friday, May 15th. Finally, Piper Sandler assumed coverage on Investors Real Estate Trust Reit in a research note on Friday, July 10th. They set an “overweight” rating and a $80.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $77.50.

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 December 31, 2018, IRET owned interests in 87 apartment communities consisting of 13,702 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 for Investors Real Estate Trust Reit (NYSE:IRET)

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