Media coverage about Investors Real Estate Trust (NYSE:IRET) has trended positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investors Real Estate Trust earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.1906956965018 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.
Investors Real Estate Trust (NYSE IRET) traded up $0.04 during trading on Friday, hitting $5.06. 61,761 shares of the stock were exchanged, compared to its average volume of 506,823. Investors Real Estate Trust has a 1 year low of $4.87 and a 1 year high of $6.75. The company has a market cap of $588.18, a P/E ratio of 15.33, a P/E/G ratio of 2.33 and a beta of 0.74. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.39.
Investors Real Estate Trust (NYSE:IRET) last released its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The firm had revenue of $53.92 million during the quarter, compared to the consensus estimate of $53.69 million. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. research analysts expect that Investors Real Estate Trust will post 0.35 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Robert W. Baird restated a “hold” rating and issued a $7.00 target price on shares of Investors Real Estate Trust in a report on Sunday, November 19th. Zacks Investment Research lowered shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine lowered shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub downgraded shares of Investors Real Estate Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 31st.
In other news, CEO Mark Okey Decker, Jr. bought 25,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were acquired at an average cost of $5.58 per share, for a total transaction of $139,500.00. Following the purchase, the chief executive officer now directly owns 140,985 shares of the company’s stock, valued at approximately $786,696.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Dance bought 10,000 shares of the stock in a transaction on Thursday, January 4th. The stock was purchased at an average price of $5.50 per share, for a total transaction of $55,000.00. Following the completion of the purchase, the director now directly owns 24,671 shares in the company, valued at $135,690.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 90,900 shares of company stock valued at $555,335. 1.04% of the stock is owned by insiders.
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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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