$45.26 Million in Sales Expected for Investors Real Estate Trust Reit (IRET) This Quarter

Equities analysts predict that Investors Real Estate Trust Reit (NYSE:IRET) will post sales of $45.26 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Investors Real Estate Trust Reit’s earnings. The highest sales estimate is $46.43 million and the lowest is $44.46 million. Investors Real Estate Trust Reit posted sales of $53.92 million in the same quarter last year, which suggests a negative year-over-year growth rate of 16.1%. The firm is scheduled to announce its next earnings results on Monday, December 10th.

According to Zacks, analysts expect that Investors Real Estate Trust Reit will report full year sales of $182.88 million for the current year, with estimates ranging from $180.10 million to $186.71 million. For the next year, analysts anticipate that the company will post sales of $190.18 million, with estimates ranging from $186.85 million to $194.64 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Investors Real Estate Trust Reit.

Investors Real Estate Trust Reit (NYSE:IRET) last released its quarterly earnings data on Monday, September 10th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The company had revenue of $45.95 million for the quarter, compared to the consensus estimate of $44.94 million. Investors Real Estate Trust Reit had a negative return on equity of 4.92% and a net margin of 69.92%.

A number of analysts have recently issued reports on the company. Robert W. Baird upgraded Investors Real Estate Trust Reit from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 25th. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Finally, Boenning Scattergood assumed coverage on Investors Real Estate Trust Reit in a report on Monday, September 17th. They issued a “neutral” rating for the company.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in shares of Investors Real Estate Trust Reit by 225.7% during the second quarter. Great West Life Assurance Co. Can now owns 53,714 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 37,220 shares in the last quarter. Boston Partners purchased a new stake in shares of Investors Real Estate Trust Reit during the second quarter worth $2,133,000. Renaissance Technologies LLC raised its holdings in shares of Investors Real Estate Trust Reit by 15.0% during the second quarter. Renaissance Technologies LLC now owns 3,126,945 shares of the real estate investment trust’s stock worth $17,292,000 after acquiring an additional 407,400 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Investors Real Estate Trust Reit by 405.2% during the second quarter. Martingale Asset Management L P now owns 444,200 shares of the real estate investment trust’s stock worth $2,457,000 after acquiring an additional 356,266 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its holdings in shares of Investors Real Estate Trust Reit by 63.3% during the second quarter. MetLife Investment Advisors LLC now owns 57,210 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 22,172 shares in the last quarter. Institutional investors own 57.07% of the company’s stock.

IRET opened at $5.33 on Monday. The firm has a market cap of $636.97 million, a PE ratio of 15.23, a P/E/G ratio of 2.54 and a beta of 0.77. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.72. Investors Real Estate Trust Reit has a fifty-two week low of $4.61 and a fifty-two week high of $6.08.

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 July 31, 2018, we owned interests in 87 apartment communities consisting of 13,703 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 and Estimates for Investors Real Estate Trust Reit (NYSE:IRET)

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