Media stories about Investors Real Estate Trust (NYSE:IRET) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investors Real Estate Trust earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.6004578382717 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Investors Real Estate Trust (NYSE IRET) traded up 1.5722% during midday trading on Friday, hitting $5.9115. 81,649 shares of the stock traded hands. The firm’s 50-day moving average is $6.05 and its 200 day moving average is $6.09. The company has a market capitalization of $712.84 million, a price-to-earnings ratio of 16.8900 and a beta of 0.79. Investors Real Estate Trust has a 52 week low of $5.60 and a 52 week high of $7.28.
Investors Real Estate Trust (NYSE:IRET) last released its earnings results on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The firm had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $50.76 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Investors Real Estate Trust will post ($0.45) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.81%. Investors Real Estate Trust’s dividend payout ratio is currently 80.00%.
Several equities research analysts have weighed in on IRET shares. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research cut shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, BidaskClub cut shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
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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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