INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET) Expected to Announce Quarterly Sales of $44.94 Million

Brokerages expect that INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET) will announce sales of $44.94 million for the current quarter, Zacks reports. Two analysts have issued estimates for INVESTORS REAL ESTATE TRUST REIT Common Stock’s earnings, with estimates ranging from $44.66 million to $45.22 million. INVESTORS REAL ESTATE TRUST REIT Common Stock posted sales of $52.74 million during the same quarter last year, which would indicate a negative year over year growth rate of 14.8%. The company is scheduled to report its next earnings report on Monday, September 10th.

On average, analysts expect that INVESTORS REAL ESTATE TRUST REIT Common Stock will report full year sales of $181.90 million for the current financial year, with estimates ranging from $181.49 million to $182.32 million. For the next fiscal year, analysts expect that the business will report sales of $188.85 million per share, with estimates ranging from $188.44 million to $189.26 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow INVESTORS REAL ESTATE TRUST REIT Common Stock.

INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET) last announced its earnings results on Wednesday, June 27th. The real estate investment trust reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.15). INVESTORS REAL ESTATE TRUST REIT Common Stock had a negative return on equity of 7.70% and a net margin of 60.17%. The business had revenue of $44.19 million for the quarter, compared to analysts’ expectations of $43.93 million.

Separately, Zacks Investment Research downgraded INVESTORS REAL ESTATE TRUST REIT Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th.

INVESTORS REAL ESTATE TRUST REIT Common Stock traded down $0.06, hitting $5.37, on Friday, Marketbeat reports. 398,545 shares of the company’s stock were exchanged, compared to its average volume of 386,469. INVESTORS REAL ESTATE TRUST REIT Common Stock has a 12-month low of $4.61 and a 12-month high of $6.38. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $648.30 million, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 2.51 and a beta of 0.78.

In other INVESTORS REAL ESTATE TRUST REIT Common Stock news, CFO John Kirchmann bought 18,000 shares of the company’s stock in a transaction that occurred on Thursday, July 12th. The shares were purchased at an average cost of $5.49 per share, for a total transaction of $98,820.00. Following the purchase, the chief financial officer now directly owns 49,571 shares in the company, valued at $272,144.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Okey Decker, Jr. purchased 9,000 shares of the company’s stock in a transaction on Tuesday, July 3rd. The shares were purchased at an average price of $5.55 per share, for a total transaction of $49,950.00. Following the purchase, the chief executive officer now owns 172,085 shares in the company, valued at approximately $955,071.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 35,662 shares of company stock worth $195,149. 1.04% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can grew its stake in INVESTORS REAL ESTATE TRUST REIT Common Stock by 225.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 53,714 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 37,220 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in INVESTORS REAL ESTATE TRUST REIT Common Stock by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,955,620 shares of the real estate investment trust’s stock valued at $10,815,000 after purchasing an additional 18,101 shares during the last quarter. BlackRock Inc. grew its stake in INVESTORS REAL ESTATE TRUST REIT Common Stock by 3.3% during the 2nd quarter. BlackRock Inc. now owns 10,931,896 shares of the real estate investment trust’s stock valued at $60,453,000 after purchasing an additional 353,461 shares during the last quarter. Martingale Asset Management L P grew its stake in INVESTORS REAL ESTATE TRUST REIT Common Stock by 405.2% during the 2nd quarter. Martingale Asset Management L P now owns 444,200 shares of the real estate investment trust’s stock valued at $2,457,000 after purchasing an additional 356,266 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in INVESTORS REAL ESTATE TRUST REIT Common Stock during the 2nd quarter valued at about $203,000. Institutional investors and hedge funds own 56.45% of the company’s stock.

About INVESTORS REAL ESTATE TRUST REIT Common Stock

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of April 30, 2018, IRET owned interests in 90 apartment communities consisting of 14,176 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).

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Earnings History and Estimates for INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET)

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