Investors Real Estate Trust (NYSE:CSR) Issues Quarterly Earnings Results
Investors Real Estate Trust (NYSE:CSR) announced its quarterly earnings data on Sunday. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.88 by ($1.37), Fidelity Earnings reports. Investors Real Estate Trust had a return on equity of 10.77% and a net margin of 34.57%.
Shares of CSR traded down $0.35 during trading hours on Tuesday, hitting $69.89. The company’s stock had a trading volume of 395 shares, compared to its average volume of 46,650. The company has a market cap of $923.95 million, a P/E ratio of 16.76 and a beta of 0.99. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average price of $70.39. Investors Real Estate Trust has a 52-week low of $56.70 and a 52-week high of $77.30.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 12th. Stockholders of record on Wednesday, March 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.01%. Investors Real Estate Trust’s payout ratio is 75.27%.
Investors Real Estate Trust Company Profile
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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