Investors Real Estate Trust Sha (NYSE:IRET):
Investors Real Estate Trust Announces Vice President Of Asset Management.
The company is trading up since yesterday’s close of $6.08.
Additionally the company announced a dividend that will be paid on Monday the 3rd of July 2017. The dividend will be $0.070 per share for the quarter which comes to $0.28 on an annualized basis. This dividend amount will represent a yeild of $4.61. The ex-dividend date has been established as Thursday the 16th of March 2017.
Investors Real Estate Trust, launched on August 1, 1997, is a self-advised equity real estate investment trust (REIT). The Business’s business consists of owning and operating income-producing real estate properties. The Business’s 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. The Company conducts its business operations through its operating partnership, IRET Properties, which is principally engaged in acquiring, owning, operating and leasing real estate..
Shares are trading at $6.17 which is a tad above the 50 day moving average which is $5.94 and a tad below the 200 day moving average of $6.33. The 50 day moving average was up $0.23 or +3.89% and the 200 day average went down $-0.16 or -2.46%.
The P/E ratio is 64.95 and market cap is 752.23M. In the last earnings report the EPS was $0.09 and is expected to be $0.04 for the current year with 121,917,000 shares outstanding. Next quarter’s EPS is estimated at $0.02 and the next full year EPS is anticipated to be $0.10.
Several ratings firms have released ratings on Investors Real Estate Trust Sha. On December 12, 2016 the stock rating was rated “Neutral” in a report from Janney Capital down from the previous “” rating. September 13 investment analysts at Baird made no change to the stock rating of “” and lowered the price target to $6.00 from $7.00.
On September 12 DA Davidson kept the company rating at “Buy” and lowered the price expectation from $9.00 to $6.10. On July 7 the stock rating was downgraded from “” to “Neutral” and a price target of $7.00 was set by analysts at Baird.
On December 18 the company was downgraded to “Hold” from “Buy” in an announcement from Wunderlich. On September 17, 2015 DA Davidson released its first research report on the stock with an initial rating of “Buy” and setting a price target of $9.00.