Investors Real Estate Trust Reit (NYSE:IRET) will announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.92 per share for the quarter.
Investors Real Estate Trust Reit (NYSE:IRET) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.86 by ($1.40). The firm had revenue of $45.61 million during the quarter, compared to analyst estimates of $45.08 million. Investors Real Estate Trust Reit had a negative net margin of 5.96% and a negative return on equity of 2.23%. On average, analysts expect Investors Real Estate Trust Reit to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NYSE:IRET opened at $62.54 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a market cap of $755.41 million, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88. The company has a 50-day moving average price of $60.81. Investors Real Estate Trust Reit has a 1-year low of $46.30 and a 1-year high of $64.95.
Investors Real Estate Trust Reit Company Profile
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).
Featured Article: Do closed-end mutual funds pay dividends?
Receive News & Ratings for Investors Real Estate Trust Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Real Estate Trust Reit and related companies with MarketBeat.com's FREE daily email newsletter.