Zacks: Analysts Expect Investors Real Estate Trust (NYSE:CSR) Will Post Earnings of $1.04 Per Share
Research analysts for stocks predict that Investors Real Estate Trust (NYSE: CSR) will announce earnings per share (EPS) of $ 1.04 for the current fiscal quarter, reports Zacks Investment Research. Four analysts have given estimates of Investors Real Estate Trust’s earnings. The lowest EPS estimate is $ 1.00 and the highest is $ 1.06. Investors Real Estate Trust posted earnings per share of $ 1.02 for the same quarter last year, indicating a positive 2% year-over-year growth rate. The company is expected to release its next earnings numbers on Monday, February 28th.
According to Zacks, analysts expect Investors Real Estate Trust to post annual earnings of $ 3.97 per share for the current fiscal year, with EPS estimates ranging between $ 3.93 and $ 3.99. For the next year, analysts expect the company to post earnings of $ 4.25 per share, with EPS estimates ranging between $ 4.16 and $ 4.35. Zacks’ earnings per share calculations are based on a survey of sell-side analysts covering Investors Real Estate Trust.
Investors Real Estate Trust (NYSE: CSR) last released its quarterly earnings data on Monday, November 1st. The company reported earnings per share (EPS) ($ 0.38) for the quarter, beating Thomson Reuters’ consensus estimate of ($ 0.43) by $ 0.05. Investors Real Estate Trust had a net margin of 1.48% and a return on equity of 0.42%. For the same quarter last year, the company had earnings per share of $ 0.94.
Several brokerage firms have recently published reports on CSR. Zacks Investment Research upgraded the shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a price target of $ 124.00 for the company in a research release on Thursday. In a research report on Thursday, BMO Capital Markets lowered the shares of Investors Real Estate Trust from an “Outperform” rating to a “Market-Perform” rating. Raymond James raised his price target for shares in Investors Real Estate Trust from USD 96.00 to USD 110.00 and rated the shares as “outperform” in a research report on Monday, September 20. Finally, B. Riley confirmed in a research report on Tuesday, September 28th, a “Buy” rating for shares of the investor Real Estate Trust. Three research analysts have given the share a hold rating and six have given it a buy rating. According to data from MarketBeat, Investors Real Estate Trust has a consensus rating of “Buy” and an average price target of $ 95.38.
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NYSE CSR’s shares opened at $ 108.75 on Friday. Investors Real Estate Trust has a 52-week low of $ 66.91 and a 52-week high of $ 111.73. The company has a fifty-day moving average of $ 101.47 and a 200-day moving average of $ 92.87. The stock has a market cap of $ 1.55 billion, a P / E of -388.38, a P / E of 3.78, and a beta of 0.92. 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 will be paid on Friday, January 14th. Shareholders of record on Monday, January 3rd, will receive a dividend of $ 0.72. The ex-dividend date is Friday December 31st. This equates to an annual dividend of $ 2.88 and a dividend yield of 2.65%. The dividend payout ratio (DPR) of Investors Real Estate Trust is currently -1,028.53%.
Institutional investors recently changed their holdings in the company. Amalgamated Bank acquired a new stake in Investors Real Estate Trust worth approximately $ 509,000 in the second quarter. Russell Investments Group Ltd. acquired a new stake in Investors Real Estate Trust in the second quarter valued at approximately $ 66,000. Comerica Bank increased its stake in Investors Real Estate Trust by 4.8% in the third quarter. Comerica Bank now owns 12,726 shares in the company valued at $ 1,320,000 after purchasing an additional 578 shares during the period. 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. Finally, 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 period. Institutional investors and hedge funds own 75.75% of the company’s stock.
Investors Real Estate Trust Company Profile
Centerspace deals with the ownership, management, acquisition, refurbishment and development of residential communities. It focuses on operational improvements to improve the resident experience, redeveloping existing shared apartments to meet market demands, and acquiring new shared apartments in Minneapolis / St.
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