Published On: Thu, Sep 22nd, 2016

Analysts’ Recent Ratings Changes for Investors Real Estate Trust (IRET)

Several analysts have recently updated their ratings and price targets for Investors Real Estate Trust (NYSE: IRET):

9/14/2016 – Investors Real Estate Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “
9/13/2016 – Investors Real Estate Trust was given a new $6.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
9/12/2016 – Investors Real Estate Trust had its price target lowered by analysts at DA Davidson from $7.00 to $6.05. They now have a “buy” rating on the stock.
9/6/2016 – Investors Real Estate Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “
8/23/2016 – Investors Real Estate Trust is now covered by analysts at Janney Montgomery Scott. They set a “buy” rating and a $7.00 price target on the stock.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at 5.96 on Thursday. The firm has a market capitalization of $724.32 million, a P/E ratio of 23.75 and a beta of 0.74. Investors Real Estate Trust has a 52 week low of $5.66 and a 52 week high of $8.39. The stock has a 50 day moving average price of $6.36 and a 200 day moving average price of $6.52.
Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings data on Thursday, September 8th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. The firm earned $49.60 million during the quarter, compared to analysts’ expectations of $48.74 million. Investors Real Estate Trust had a net margin of 22.23% and a negative return on equity of 1.83%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. Analysts forecast that Investors Real Estate Trust will post $0.47 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.72%. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently 185.71%.
In related news, Director Linda J. Hall bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average cost of $5.89 per share, with a total value of $29,450.00. Following the completion of the purchase, the director now owns 34,908 shares of the company’s stock, valued at approximately $205,608.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael T. Dance bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average cost of $5.80 per share, with a total value of $34,800.00. Following the completion of the purchase, the director now directly owns 13,004 shares of the company’s stock, valued at approximately $75,423.20. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by insiders.
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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