Investors Real Estate Trust (NYSE:CSR) announced its quarterly earnings data on Sunday. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($1.35), Fidelity Earnings reports. Investors Real Estate Trust had a return on equity of 10.77% and a net margin of 34.57%.
Shares of NYSE:CSR traded up $0.90 during trading on Tuesday, hitting $71.90. 1,611 shares of the stock were exchanged, compared to its average volume of 45,900. The company has a fifty day moving average price of $71.78. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $932.97 million, a P/E ratio of 16.93 and a beta of 0.99. Investors Real Estate Trust has a 1-year low of $43.58 and a 1-year high of $77.36.
Separately, BMO Capital Markets raised shares of Investors Real Estate Trust from a “market perform” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Monday, January 11th.
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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