$0.94 Earnings Per Share Expected for Investors Real Estate Trust Reit (NYSE:IRET) This Quarter

Equities analysts expect that Investors Real Estate Trust Reit (NYSE:IRET) will post earnings per share (EPS) of $0.94 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Investors Real Estate Trust Reit’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.95. The company is scheduled to issue its next earnings results on Wednesday, August 7th.

On average, analysts expect that Investors Real Estate Trust Reit will report full year earnings of $3.65 per share for the current year, with EPS estimates ranging from $3.62 to $3.68. For the next year, analysts expect that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.74 to $3.96. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Investors Real Estate Trust Reit.

A number of analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of Investors Real Estate Trust Reit in a report on Monday, July 22nd. They issued a “buy” rating and a $67.50 price objective on the stock. BMO Capital Markets assumed coverage on shares of Investors Real Estate Trust Reit in a report on Friday, June 14th. They issued an “outperform” rating and a $60.25 price objective on the stock. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Saturday. DA Davidson reiterated a “buy” rating on shares of Investors Real Estate Trust Reit in a report on Monday, July 29th. Finally, ValuEngine upgraded shares of Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Investors Real Estate Trust Reit currently has a consensus rating of “Buy” and a consensus target price of $68.25.

Shares of NYSE IRET traded down $0.01 during midday trading on Monday, reaching $67.47. The company’s stock had a trading volume of 35,200 shares, compared to its average volume of 55,283. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.49 and a quick ratio of 0.69. Investors Real Estate Trust Reit has a fifty-two week low of $46.30 and a fifty-two week high of $69.50. The company has a market cap of $781.64 million, a PE ratio of 20.25, a price-to-earnings-growth ratio of 3.18 and a beta of 0.88. The stock has a 50 day simple moving average of $61.71.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Investors Real Estate Trust Reit during the fourth quarter worth $8,449,000. Russell Investments Group Ltd. increased its holdings in Investors Real Estate Trust Reit by 53.6% during the second quarter. Russell Investments Group Ltd. now owns 266,150 shares of the real estate investment trust’s stock worth $15,612,000 after buying an additional 92,886 shares during the last quarter. Martingale Asset Management L P increased its holdings in Investors Real Estate Trust Reit by 466.8% during the first quarter. Martingale Asset Management L P now owns 67,088 shares of the real estate investment trust’s stock worth $4,020,000 after buying an additional 55,252 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Investors Real Estate Trust Reit by 6.3% during the second quarter. Renaissance Technologies LLC now owns 550,889 shares of the real estate investment trust’s stock worth $32,321,000 after buying an additional 32,700 shares during the last quarter. Finally, Boston Partners increased its holdings in Investors Real Estate Trust Reit by 24.8% during the first quarter. Boston Partners now owns 97,078 shares of the real estate investment trust’s stock worth $5,816,000 after buying an additional 19,265 shares during the last quarter. Institutional investors own 61.69% 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 December 31, 2018, IRET owned interests in 87 apartment communities consisting of 13,702 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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