Investors Real Estate Trust (IRET) Releases Earnings Results, Reports EPS of $0.12 EPS

Investors Real Estate Trust (IRET) announced its most recent quarterly financial results on Thursday, Sep-8-2016. IRET reported $0.12 EPS for the quarter. Analysts had a consensus estimate of $0.12. The company posted revenue of $49.60 million in the period, compared to analysts expectations of $48.15 million. IRET’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Investors Real Estate Trust. Shares were Downgraded by Robert W. Baird on Jul 7, 2016 to ” Neutral” and Lowered the Price Target to $ 7 from a previous price target of $8 .

Investors Real Estate Trust opened for trading at $6.64 and hit $6.67 on the upside on Wednesday, eventually ending the session at $6.65, with a gain of 0.30% or 0.02 points. The heightened volatility saw the trading volume jump to 470,114 shares. Company has a market cap of $805 M.

In a different news, on Jul 7, 2016, Stephen Stenehjem (director) purchased 474 shares at $6.32 per share price. According to the SEC, on Dec 15, 2015, Jeffrey Caira (director) purchased 15,000 shares at $7.17 per share price. On Dec 2, 2015, Pamela J Moret (director) purchased 6,839 shares at $7.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Investors Real Estate Trust (IRET) is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. IRET operates through five segments: multi-family residential; office; healthcare including senior housing; industrial and retail properties. The Company’s properties are located primarily in the upper Midwest states of Minnesota and North Dakota. As of April 30 2015 IRET’s real estate portfolio consisted of 100 multi-family residential properties containing 11844 apartment units; 53 office properties containing 4.2 million square feet of leasable space; 66 healthcare properties including senior housing containing approximately three million square feet of leasable space; seven industrial properties containing 1.2 million square feet of leasable space and 23 retail properties containing 1.2 million square feet of leasable space.

Investors Real Estate Trust

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