Investors Real Estate Trust (IRET) Announces Quarterly Dividend of $0.13

Investors Real Estate Trust (NASDAQ:IRET) declared a quarterly dividend on Monday, June 3rd, AnalystRatingsNetwork reports. Investors of record on Friday, June 14th will be given a dividend of $0.13 per share on Monday, July 1st. This represents a $0.52 dividend on an annualized basis and a yield of 5.69%.

On the ratings front, analysts at BMO Capital Markets raised their price target on shares of Investors Real Estate Trust from $9.00 to $10.00 in a research note to investors on Thursday, March 14th.

Investors Real Estate Trust (NASDAQ: IRET) traded up 1.56% on Monday, hitting $9.14. Investors Real Estate Trust has a 1-year low of $7.02 and a 1-year high of $10.02. The stock’s 50-day moving average is currently $9.60. The company has a market cap of $864.8 million and a price-to-earnings ratio of 68.70.

Investors Real Estate Trust (NASDAQ: IRET) last released its earnings data on Tuesday, March 12th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $65.30 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Investors Real Estate Trust will post $0.67 earnings per share for the current fiscal year.

Investors Real Estate Trust (NASDAQ: IRET) a self-advised equity real estate investment trust (REIT).

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