Media headlines about Investors Real Estate Trust (NYSE:IRET) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Investors Real Estate Trust earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.9433999068697 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research firms have recently commented on IRET. Zacks Investment Research lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. ValuEngine lowered Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
Investors Real Estate Trust stock traded down $0.06 during mid-day trading on Friday, hitting $5.24. The stock had a trading volume of 395,037 shares, compared to its average volume of 483,774. The company has a market capitalization of $628.99, a P/E ratio of 11.15, a P/E/G ratio of 2.50 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. Investors Real Estate Trust has a one year low of $4.61 and a one year high of $6.75.
Investors Real Estate Trust (NYSE:IRET) last issued its earnings results on Monday, March 12th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.21). The firm had revenue of $43.25 million during the quarter, compared to the consensus estimate of $54.08 million. Investors Real Estate Trust had a negative return on equity of 3.73% and a net margin of 82.22%. analysts forecast that Investors Real Estate Trust will post 0.35 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Wednesday, March 14th. Investors Real Estate Trust’s dividend payout ratio is currently 59.57%.
In other news, CFO John Kirchmann bought 6,900 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was bought at an average price of $5.65 per share, with a total value of $38,985.00. Following the acquisition, the chief financial officer now owns 31,571 shares of the company’s stock, valued at approximately $178,376.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Dance bought 9,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was purchased at an average cost of $5.01 per share, with a total value of $45,090.00. Following the acquisition, the director now directly owns 33,695 shares in the company, valued at approximately $168,811.95. The disclosure for this purchase can be found here. Insiders purchased a total of 23,400 shares of company stock valued at $120,710 in the last ninety days. 1.04% of the stock is currently owned by insiders.
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Investors Real Estate Trust Company Profile
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of multifamily apartment communities. As of January 31, 2018, IRET owned interests in 89 multifamily properties consisting of 13,786 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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