Positive News Coverage Somewhat Unlikely to Affect Investors Real Estate Trust (IRET) Share Price

Media headlines about Investors Real Estate Trust (NYSE:IRET) have been trending positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investors Real Estate Trust earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.418459761758 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

A number of equities analysts recently commented on IRET shares. Zacks Investment Research upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Wednesday, November 15th. ValuEngine upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and set a $7.00 price objective on shares of Investors Real Estate Trust in a research report on Sunday, November 19th. Finally, BidaskClub downgraded Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th.

Shares of Investors Real Estate Trust (IRET) traded down $0.02 during trading on Wednesday, reaching $4.89. The company had a trading volume of 118,887 shares, compared to its average volume of 495,106. Investors Real Estate Trust has a 52-week low of $4.87 and a 52-week high of $6.75. The stock has a market capitalization of $606.19, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.17 and a current ratio of 0.17.

Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Investors Real Estate Trust had a negative return on equity of 1.91% and a net margin of 25.90%. The company had revenue of $53.92 million for the quarter, compared to the consensus estimate of $53.69 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts predict that Investors Real Estate Trust will post 0.35 EPS for the current fiscal year.

In other Investors Real Estate Trust news, Director Michael T. Dance bought 2,000 shares of Investors Real Estate Trust stock in a transaction on Thursday, January 18th. The shares were bought at an average price of $24.95 per share, for a total transaction of $49,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Kirchmann bought 6,900 shares of Investors Real Estate Trust stock in a transaction on Friday, January 26th. The stock was acquired at an average price of $5.65 per share, for a total transaction of $38,985.00. Following the transaction, the chief financial officer now directly owns 31,571 shares of the company’s stock, valued at $178,376.15. The disclosure for this purchase can be found here. Insiders acquired 90,900 shares of company stock worth $555,335 in the last 90 days. Company insiders own 1.04% 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.

Insider Buying and Selling by Quarter for Investors Real Estate Trust (NYSE:IRET)

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