Investors Real Estate Trust Reit (IRET) Scheduled to Post Quarterly Earnings on Wednesday

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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.

Several equities analysts have weighed in on IRET shares. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. DA Davidson reiterated a “buy” rating on shares of Investors Real Estate Trust Reit in a report on Monday, July 29th. ValuEngine lowered shares of Investors Real Estate Trust Reit from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Investors Real Estate Trust Reit presently has a consensus rating of “Buy” and an average price target of $65.25.

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).

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Earnings History for Investors Real Estate Trust Reit (NYSE:IRET)

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