Investors Real Estate Trust (NYSE:IRET) issued its earnings results on Monday. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01), Briefing.com reports. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. The firm had revenue of $43.25 million during the quarter, compared to analysts’ expectations of $53.72 million. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year.
Investors Real Estate Trust (IRET) traded up $0.07 on Monday, hitting $4.80. The stock had a trading volume of 613,226 shares, compared to its average volume of 514,845. The company has a market cap of $651.14, a P/E ratio of -28.24, a PEG ratio of 2.19 and a beta of 0.89. Investors Real Estate Trust has a 52 week low of $4.61 and a 52 week high of $6.75. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.17 and a current ratio of 0.17.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 5.83%. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently -164.71%.
In related news, Director Jeffrey Caira purchased 45,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of $5.79 per share, for a total transaction of $260,550.00. Following the purchase, the director now owns 102,807 shares in the company, valued at approximately $595,252.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael T. Dance acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were acquired at an average cost of $5.50 per share, with a total value of $55,000.00. Following the transaction, the director now directly owns 24,671 shares in the company, valued at approximately $135,690.50. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 90,900 shares of company stock valued at $555,335. 1.04% of the stock is currently owned by corporate insiders.
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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