Investors Real Estate Trust (IRET) Stock Price, News & Analysis

Investors Real Estate Trust (NYSE:IRET) released its quarterly earnings results on Monday, November, 2nd. The real estate investment trust reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.54. Investors Real Estate Trust had a net margin of 34.57% and a trailing twelve-month return on equity of 10.77%.
Read the conference call transcript.

Investors Real Estate Trust (NYSE:IRET) pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.98%. IRET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, IRET will have a dividend payout ratio of 76.29% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IRET.

Shares of Investors Real Estate Trust reverse split on the morning of Friday, December 28th 2018. The 1-10 reverse split was announced on Monday, December 17th 2018. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, December 27th 2018. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Investors Real Estate Trust investors own include Diversified Healthcare Trust (DHC), Annaly Capital Management (NLY), New Residential Investment (NRZ), SEA (SE), AGNC Investment (AGNC), Apple Hospitality REIT (APLE), Healthpeak Properties (DOC), Medical Properties Trust (MPW), Care Capital Properties (CCP) and Ford Motor (F).