Wall Street brokerages predict that Investors Real Estate Trust (NYSE:IRET) will post $0.10 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Investors Real Estate Trust’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.10. Investors Real Estate Trust posted earnings of $0.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 42.9%. The firm is expected to announce its next earnings report on Monday, December 11th.

On average, analysts expect that Investors Real Estate Trust will report full year earnings of $0.39 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.44. For the next year, analysts anticipate that the company will report earnings of $0.41 per share, with EPS estimates ranging from $0.38 to $0.45. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Investors Real Estate Trust.

Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The firm had revenue of $52.70 million during the quarter, compared to the consensus estimate of $50.76 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research lowered shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, BidaskClub lowered shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at 6.11 on Monday. The company has a 50-day moving average of $6.06 and a 200 day moving average of $6.06. The firm has a market cap of $736.78 million, a P/E ratio of 17.46 and a beta of 0.79. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Thursday, September 14th. Investors Real Estate Trust’s payout ratio is currently 80.00%.

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Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd increased its position in shares of Investors Real Estate Trust by 47.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 11,107 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of Investors Real Estate Trust by 155.3% in the second quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock worth $2,940,000 after acquiring an additional 287,961 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Investors Real Estate Trust by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 2,371 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Investors Real Estate Trust in the second quarter worth $126,000. Finally, State Street Corp increased its position in shares of Investors Real Estate Trust by 5.4% in the second quarter. State Street Corp now owns 2,778,387 shares of the real estate investment trust’s stock worth $17,253,000 after acquiring an additional 142,589 shares in the last quarter. 53.05% of the stock is owned by institutional investors.

About Investors Real Estate Trust

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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