Analysts See $0.09 EPS for Investors Real Estate Trust (IRET)

November 11, 2018 - By Margaret Downey

Investors Real Estate Trust (NYSE:IRET) LogoInvestors sentiment increased to 1.38 in Q2 2018. Its up 0.20, from 1.18 in 2018Q1. It increased, as 8 investors sold Investors Real Estate Trust shares while 42 reduced holdings. 22 funds opened positions while 47 raised stakes. 62.36 million shares or 0.73% more from 61.91 million shares in 2018Q1 were reported.
Vanguard Gp Incorporated Inc reported 17.27 million shares or 0% of all its holdings. 181,981 were accumulated by Royal National Bank & Trust Of Canada. 2.72M were reported by Renaissance Technology Limited Liability Corporation. Metropolitan Life Insur Ny has invested 0% in Investors Real Estate Trust (NYSE:IRET). New York-based Tiaa Cref Invest Management Llc has invested 0% in Investors Real Estate Trust (NYSE:IRET). Moreover, Cambridge Invest Rech Advisors has 0.01% invested in Investors Real Estate Trust (NYSE:IRET). Strs Ohio holds 205,419 shares or 0% of its portfolio. Martingale Asset Management Lp, a Massachusetts-based fund reported 444,200 shares. Sns Financial Gru Incorporated holds 0.02% or 16,000 shares in its portfolio. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Investors Real Estate Trust (NYSE:IRET). Wells Fargo And Mn has 1.20 million shares for 0% of their portfolio. Geode Management Ltd Llc invested 0% in Investors Real Estate Trust (NYSE:IRET). Sumitomo Mitsui Tru Holdg reported 0% stake. Evercore Wealth Mgmt Lc invested in 0.09% or 478,085 shares. Schwab Charles Inv Management reported 0% of its portfolio in Investors Real Estate Trust (NYSE:IRET).

Since July 2, 2018, it had 5 insider buys, and 0 sales for $209,971 activity. Decker Mark Okey Jr had bought 9,000 shares worth $49,945 on Monday, July 2.

Analysts expect Investors Real Estate Trust (NYSE:IRET) to report $0.09 EPS on December, 10.They anticipate $0.01 EPS change or 10.00 % from last quarter’s $0.1 EPS. IRET’s profit would be $12.01M giving it 15.08 P/E if the $0.09 EPS is correct. After having $0.08 EPS previously, Investors Real Estate Trust’s analysts see 12.50 % EPS growth. The stock decreased 0.73% or $0.04 during the last trading session, reaching $5.43. About 277,806 shares traded. Investors Real Estate Trust (NYSE:IRET) has declined 4.10% since November 11, 2017 and is downtrending. It has underperformed by 19.72% the S&P500.

Investors Real Estate Trust (NYSE:IRET) Ratings Coverage

Among 2 analysts covering Investors Real Estate (NYSE:IRET), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Investors Real Estate had 2 analyst reports since September 17, 2018 according to SRatingsIntel. The rating was upgraded by Robert W. Baird on Tuesday, September 25 to “Outperform”.

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of multifamily apartment communities. The company has market cap of $724.37 million. As of October 31, 2017, IRET owned interests in 89 multifamily properties consisting of 13,576 apartment homes and 40 commercial properties, including 28 healthcare and 12 other commercial properties, with a total of 2.5 million square feet of leasable space. It has a 5.45 P/E ratio.

Another recent and important Investors Real Estate Trust (NYSE:IRET) news was published by which published an article titled: “New Research Coverage Highlights Michael Kors, TerraForm Power, Investors Real Estate Trust, Nutanix, Koninklijke …” on October 26, 2018.

Investors Real Estate Trust (NYSE:IRET) Institutional Positions Chart

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