Q3 2018 Earnings Estimate for Investors Real Estate Trust Issued By DA Davidson (IRET)

Investors Real Estate Trust (NYSE:IRET) – DA Davidson upped their Q3 2018 earnings per share estimates for shares of Investors Real Estate Trust in a report released on Friday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.09. DA Davidson also issued estimates for Investors Real Estate Trust’s Q4 2018 earnings at $0.07 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.39 EPS.

A number of other research firms also recently issued reports on IRET. BidaskClub raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research raised Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Robert W. Baird reissued a “hold” rating and set a $7.00 price target on shares of Investors Real Estate Trust in a research report on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.67.

Investors Real Estate Trust (IRET) traded down $0.03 on Monday, hitting $5.91. The stock had a trading volume of 419,600 shares, compared to its average volume of 441,773. Investors Real Estate Trust has a fifty-two week low of $5.60 and a fifty-two week high of $7.28. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.04. The company has a market cap of $716.29, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81.

Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $52.70 million for the quarter, compared to the consensus estimate of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. Investors Real Estate Trust’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP lifted its stake in shares of Investors Real Estate Trust by 339.0% during the 3rd quarter. GSA Capital Partners LLP now owns 167,699 shares of the real estate investment trust’s stock worth $1,025,000 after purchasing an additional 129,503 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Investors Real Estate Trust by 3.3% during the 3rd quarter. California Public Employees Retirement System now owns 501,944 shares of the real estate investment trust’s stock worth $3,067,000 after purchasing an additional 16,112 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Investors Real Estate Trust by 33.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 52,705 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 13,313 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Investors Real Estate Trust by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,840,762 shares of the real estate investment trust’s stock worth $11,247,000 after purchasing an additional 21,246 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Investors Real Estate Trust by 9.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,379,059 shares of the real estate investment trust’s stock worth $8,426,000 after purchasing an additional 123,850 shares during the last quarter. Hedge funds and other institutional investors own 53.40% of the company’s stock.

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Investors Real Estate Trust Company Profile

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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