Investors Real Estate Trust (NYSE:CSR) issued its quarterly earnings results on Sunday. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($1.37), Fidelity Earnings reports. Investors Real Estate Trust had a net margin of 34.57% and a return on equity of 10.77%.
Shares of Investors Real Estate Trust stock traded down $0.57 during mid-day trading on Tuesday, reaching $69.67. 29,847 shares of the stock were exchanged, compared to its average volume of 46,449. The company has a market capitalization of $921.04 million, a P/E ratio of 16.59 and a beta of 0.99. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $70.34. Investors Real Estate Trust has a fifty-two week low of $56.70 and a fifty-two week high of $77.30.
The company also recently announced a quarterly dividend, which was paid on Monday, April 12th. Investors of record on Wednesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Tuesday, March 30th. Investors Real Estate Trust’s dividend payout ratio (DPR) is currently 75.27%.
A number of research firms have recently commented on CSR. BTIG Research reaffirmed a “neutral” rating on shares of Investors Real Estate Trust in a report on Tuesday, March 30th. BMO Capital Markets raised shares of Investors Real Estate Trust from a “market perform” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Monday, January 11th. Finally, Zacks Investment Research raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 21st.
About Investors Real Estate Trust
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of September 30, 2020, we owned interests in 67 apartment communities consisting of 11,910 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 PC," respectively).
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