Investors Real Estate Trust (NYSE:CSR) Given Average Rating of “Buy” by Analysts
Shares of Investors Real Estate Trust (NYSE:CSR) have received an average rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year objective price among analysts that have updated their coverage on the stock in the last year is $105.63.
CSR has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Investors Real Estate Trust from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, January 7th. Zacks Investment Research upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, January 11th. BMO Capital Markets downgraded Investors Real Estate Trust from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $107.00 to $112.00 in a report on Thursday, December 9th. Finally, BTIG Research raised their price objective on Investors Real Estate Trust from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, December 13th.
Several hedge funds have recently bought and sold shares of CSR. Metropolitan Life Insurance Co NY grew its stake in Investors Real Estate Trust by 96,080.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 4,809 shares of the company’s stock valued at $379,000 after purchasing an additional 4,804 shares in the last quarter. Amalgamated Bank acquired a new stake in Investors Real Estate Trust during the 2nd quarter valued at approximately $509,000. Ensign Peak Advisors Inc grew its stake in Investors Real Estate Trust by 41.0% during the 3rd quarter. Ensign Peak Advisors Inc now owns 5,500 shares of the company’s stock valued at $520,000 after purchasing an additional 1,600 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Investors Real Estate Trust during the 4th quarter valued at approximately $1,185,000. Finally, Comerica Bank grew its stake in Investors Real Estate Trust by 4.8% during the 3rd quarter. Comerica Bank now owns 12,726 shares of the company’s stock valued at $1,320,000 after purchasing an additional 578 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.
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Shares of CSR traded down $1.84 during trading hours on Friday, reaching $90.97. 247 shares of the company traded hands, compared to its average volume of 68,446. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.30 billion, a PE ratio of -324.88, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. Investors Real Estate Trust has a fifty-two week low of $66.91 and a fifty-two week high of $112.27. The stock has a fifty day simple moving average of $103.00 and a 200 day simple moving average of $100.03.
Investors Real Estate Trust (NYSE:CSR) last posted its quarterly earnings data on Monday, November 1st. The company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.05. Investors Real Estate Trust had a return on equity of 0.42% and a net margin of 1.48%. During the same quarter last year, the company earned $0.94 EPS. Research analysts predict that Investors Real Estate Trust will post 3.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Monday, January 3rd were paid a $0.72 dividend. The ex-dividend date was Friday, December 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.17%. Investors Real Estate Trust’s dividend payout ratio (DPR) is currently -1,028.53%.
About Investors Real Estate Trust
Centerspace engages in the ownership, management, acquisition, redevelopment, and development of apartment communities. It focuses on making operational enhancements to improve residents experience, redeveloping existing apartment communities to meet market demands and acquiring new apartment communities in the Minneapolis/St.
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