Investors Real Estate Trust Reit (IRET) Expected to Post Earnings of $0.09 Per Share

Equities analysts forecast that Investors Real Estate Trust Reit (NYSE:IRET) will announce earnings per share of $0.09 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Investors Real Estate Trust Reit’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.08. Investors Real Estate Trust Reit posted earnings of $0.10 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The business is expected to announce its next quarterly earnings report on Monday, December 10th.

On average, analysts expect that Investors Real Estate Trust Reit will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.36. For the next fiscal year, analysts forecast that the firm will post earnings of $0.40 per share, with EPS estimates ranging from $0.39 to $0.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Investors Real Estate Trust Reit.

Investors Real Estate Trust Reit (NYSE:IRET) last issued its earnings results on Monday, September 10th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.07). Investors Real Estate Trust Reit had a net margin of 69.92% and a negative return on equity of 4.92%. The firm had revenue of $45.95 million during the quarter, compared to analyst estimates of $44.94 million.

Several brokerages have recently commented on IRET. Robert W. Baird upgraded shares of Investors Real Estate Trust Reit from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 25th. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Boenning Scattergood started coverage on shares of Investors Real Estate Trust Reit in a research report on Monday, September 17th. They set a “neutral” rating on the stock.

Shares of NYSE:IRET traded down $0.04 on Friday, hitting $5.43. The stock had a trading volume of 277,806 shares, compared to its average volume of 339,914. Investors Real Estate Trust Reit has a twelve month low of $4.61 and a twelve month high of $6.08. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $650.12 million, a PE ratio of 14.29, a P/E/G ratio of 2.59 and a beta of 0.77.

A number of hedge funds and other institutional investors have recently modified their holdings of IRET. Dimensional Fund Advisors LP lifted its position in Investors Real Estate Trust Reit by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,937,519 shares of the real estate investment trust’s stock worth $10,056,000 after buying an additional 35,056 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Investors Real Estate Trust Reit by 44.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 59,900 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 18,422 shares in the last quarter. A.R.T. Advisors LLC lifted its position in Investors Real Estate Trust Reit by 24.6% during the 1st quarter. A.R.T. Advisors LLC now owns 61,700 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 12,200 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Investors Real Estate Trust Reit by 131.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 35,416 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 20,092 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Investors Real Estate Trust Reit during the 2nd quarter worth about $220,000. Institutional investors and hedge funds own 57.88% of the company’s stock.

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 July 31, 2018, we owned interests in 87 apartment communities consisting of 13,703 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 and Estimates for Investors Real Estate Trust Reit (NYSE:IRET)

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