Investors Real Estate Trust (NYSE:CSR) Expected to Post Quarterly Sales of $45.84 Million


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Equities research analysts predict that Investors Real Estate Trust (NYSE:CSR) will post sales of $45.84 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Investors Real Estate Trust’s earnings, with estimates ranging from $45.50 million to $46.06 million. Investors Real Estate Trust posted sales of $44.41 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The business is expected to issue its next earnings results on Monday, May 10th.

On average, analysts expect that Investors Real Estate Trust will report full year sales of $184.80 million for the current year, with estimates ranging from $183.20 million to $187.14 million. For the next fiscal year, analysts expect that the company will post sales of $193.26 million, with estimates ranging from $189.33 million to $197.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Investors Real Estate Trust.

Investors Real Estate Trust (NYSE:CSR) last released its quarterly earnings data on Sunday, February 21st. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($1.35). Investors Real Estate Trust had a return on equity of 10.77% and a net margin of 34.57%.

Several equities research analysts have recently issued reports on the stock. BTIG Research reissued a “neutral” rating on shares of Investors Real Estate Trust in a research report on Tuesday, March 30th. BMO Capital Markets upgraded shares of Investors Real Estate Trust from a “market perform” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Monday, January 11th. Finally, Zacks Investment Research downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 9th.

Investors Real Estate Trust stock opened at $68.06 on Thursday. Investors Real Estate Trust has a 52-week low of $50.64 and a 52-week high of $77.30. The stock has a fifty day simple moving average of $71.13. The firm has a market capitalization of $888.39 million, a price-to-earnings ratio of 16.20 and a beta of 0.99. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.76.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 12th. Stockholders of record on Wednesday, March 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.11%. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently 75.27%.

Several hedge funds have recently made changes to their positions in the company. Aperio Group LLC purchased a new position in shares of Investors Real Estate Trust in the fourth quarter valued at $475,000. SG Americas Securities LLC purchased a new position in shares of Investors Real Estate Trust in the fourth quarter valued at $834,000. Finally, Comerica Bank purchased a new position in shares of Investors Real Estate Trust in the fourth quarter valued at $990,000. Institutional investors and hedge funds own 75.29% of the company’s stock.

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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Earnings History and Estimates for Investors Real Estate Trust (NYSE:CSR)

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