Investors Real Estate Trust (NYSE:CSR) Declares Dividend of $0.70

Investors Real Estate Trust (NYSE:CSR) announced a dividend on Friday, December 4th, Fidelity reports. Investors of record on Monday, January 4th will be paid a dividend of 0.70 per share on Friday, January 15th. The ex-dividend date is Thursday, December 31st.

Shares of NYSE:CSR opened at $72.21 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.76. Investors Real Estate Trust has a fifty-two week low of $43.58 and a fifty-two week high of $85.24. The stock has a market cap of $937.29 million, a P/E ratio of 17.19 and a beta of 1.02.

Investors Real Estate Trust (NYSE:CSR) last announced its quarterly earnings data on Monday, November 2nd. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.54. Investors Real Estate Trust had a net margin of 34.57% and a return on equity of 10.77%. The business had revenue of $44.14 million during the quarter, compared to the consensus estimate of $43.88 million. On average, equities analysts expect that Investors Real Estate Trust will post 3.39 earnings per share for the current fiscal year.

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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