Investors Real Estate Trust (NYSE:CSR) Announces Earnings Results, Misses Expectations By $1.37 EPS


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Investors Real Estate Trust (NYSE:CSR) issued its quarterly earnings results on Sunday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($1.37), Fidelity Earnings reports. Investors Real Estate Trust had a return on equity of 10.77% and a net margin of 34.57%.

Shares of CSR stock traded down $0.35 on Tuesday, hitting $69.89. The stock had a trading volume of 395 shares, compared to its average volume of 46,650. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.06 and a current ratio of 0.06. The business has a 50 day moving average price of $70.39. The company has a market capitalization of $923.95 million, a P/E ratio of 16.76 and a beta of 0.99. Investors Real Estate Trust has a one year low of $56.70 and a one year high of $77.30.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 12th. Investors of record on Wednesday, March 31st were issued a $0.70 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.01%. Investors Real Estate Trust’s payout ratio is currently 75.27%.

A number of analysts recently issued reports on the company. BTIG Research restated a “neutral” rating on shares of Investors Real Estate Trust in a research report on Tuesday, March 30th. Zacks Investment Research upgraded Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 21st. Finally, BMO Capital Markets upgraded 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 report on Monday, January 11th.

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 for Investors Real Estate Trust (NYSE:CSR)

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