Somewhat Favorable News Coverage Somewhat Unlikely to Impact Investors Real Estate Trust (NYSE:IRET) Stock Price

Press coverage about Investors Real Estate Trust (NYSE:IRET) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Investors Real Estate Trust earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.7722981942359 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

A number of equities analysts recently commented on IRET shares. Zacks Investment Research raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. ValuEngine downgraded shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.51.

Shares of Investors Real Estate Trust (IRET) traded down 0.080% during midday trading on Wednesday, hitting $6.245. 47,788 shares of the stock were exchanged. Investors Real Estate Trust has a 12 month low of $5.60 and a 12 month high of $7.28. The company has a market cap of $753.28 million, a PE ratio of 24.112 and a beta of 0.80. The stock has a 50 day moving average price of $6.14 and a 200-day moving average price of $6.23.

Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings results on Wednesday, June 28th. The real estate investment trust reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Investors Real Estate Trust had a net margin of 21.07% and a negative return on equity of 2.51%. The firm had revenue of $54.34 million for the quarter, compared to analyst estimates of $51.36 million. During the same period last year, the business earned $0.14 EPS. Investors Real Estate Trust’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts predict that Investors Real Estate Trust will post ($0.01) EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.28 annualized dividend and a yield of 4.48%. Investors Real Estate Trust’s dividend payout ratio is currently 107.70%.

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.