Zacks: Analysts Expect Investors Real Estate Trust (NYSE:CSR) Will Post Earnings of $1.01 Per Share

Brokers anticipate Investors Real Estate Trust (NYSE: CSR) to post earnings of $ 1.01 per share for the current quarter, according to Zacks Investment Research. Three analysts have estimated the profits of the investor Real Estate Trust. The highest EPS estimate is $ 1.06 and the lowest is $ 0.97. Investors Real Estate Trust posted earnings per share of $ 1.02 for the same quarter last year, indicating a negative 1% year-over-year growth rate. The company is expected to announce its next earnings results on Monday, February 28th.

According to Zacks, analysts expect Investors Real Estate Trust to post full year earnings of $ 3.96 per share for the current fiscal year, with EPS estimates ranging between $ 3.93 and $ 3.99. For the next year, analysts predict the company will post earnings of $ 4.22 per share, with EPS estimates ranging between $ 4.08 and $ 4.35. Zacks Investment Research’s EPS calculations are an average average based on a survey of research firms covering Investors Real Estate Trust.

Investors Real Estate Trust (NYSE: CSR) last released its earnings results on Monday November 1st. The company reported earnings per share ($ 0.38) for the quarter, beating Thomson Reuters’ consensus estimate 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%. In the same quarter last year, the company achieved $ 0.94 EPS.

CSR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a price target of $ 115.00 for the stock in a report on Wednesday. Raymond James raised his target price for Investors Real Estate Trust from USD 96.00 to USD 110.00 and rated the company as “outperform” in a report on Monday, September 20. B. Riley confirmed a “Buy” rating on shares of Investors Real Estate Trust in a research release on Tuesday, September 28th. Compass Point upgraded Investors Real Estate Trust from a “neutral” rating to a “buy” rating and set a price target of USD 110.00 for the stock in a research release on Thursday, August 5th. Finally, Colliers Securities began reporting on Investors Real Estate Trust in a research note on Tuesday, July 27th. You have set a “neutral” rating and a target price of USD 100.00 for the stock. Two investment analysts have rated the stock with a hold rating and seven with a buy rating. Investors Real Estate Trust has an average rating of “Buy” and a consensus target of $ 94.25, according to MarketBeat.

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Hedge funds and other institutional investors have recently increased or decreased their stake in the business. In the second quarter, Amalgamated Bank acquired a new stake in Investors Real Estate Trust worth approximately $ 509,000. Russell Investments Group Ltd. acquired a new stake in Investors Real Estate Trust worth approximately $ 66,000 in the second quarter. Ensign Peak Advisors Inc increased its stake in Investors Real Estate Trust by 41.0% in the third quarter. Ensign Peak Advisors Inc. now owns 5,500 shares in the company valued at $ 520,000 after purchasing an additional 1,600 shares during the period. SG Americas Securities LLC increased its stake in Investors Real Estate Trust by 859.6% in the third quarter. SG Americas Securities LLC now owns 21,707 shares in the company valued at $ 2,051,000 after purchasing an additional 19,445 shares during the reporting period. Finally, Metropolitan Life Insurance Co NY increased its stake in Investors Real Estate Trust by 96,080.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 4,809 shares of the company valued at $ 379,000 after purchasing an additional 4,804 shares during the reporting period. Institutional investors own 75.75% of the company’s stock.

Investors Real Estate Trust stock fell $ 1.80 on Friday to hit $ 101.38. 40,507 shares in the company were exchanged compared to an average volume of 65,629. The Investors Real Estate Trust has a 1-year low of $ 66.91 and a 1-year high of $ 108.19. The stock has a market capitalization of $ 1.45 billion, a price to earnings ratio of -362.06, a price to earnings ratio of 3.70, and a beta of 0.93. The company has a 50-day moving average price of $ 100.06 and a 200-day moving average price of $ 89.59. The company has a quick ratio of 0.06, a current ratio of 0.06, and leverage of 0.64.

The company also recently announced a quarterly dividend, which was paid on Monday, October 11th. Shareholders of record on Thursday, September 30th, received a dividend of $ 0.72. That translates to an annualized dividend of $ 2.88 and a yield of 2.84%. The ex-dividend date was Wednesday, September 29th. This is an increase from Investors Real Estate Trust’s previous quarterly dividend of $ 0.70. The payout ratio of the Investors Real Estate Trust is currently -1,028.53%.

About Investors Real Estate Trust

Centerspace deals with the ownership, management, acquisition, refurbishment and development of residential communities. Its focus is on operational improvements to enhance the resident experience, redeveloping existing shared apartments to meet market demands, and acquiring new shared apartments in Minneapolis / St.

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