About Investors Real Estate Trust (NYSE:IRET)
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. It conducts its business operations through its operating partnership, IRET Properties, which is principally engaged in acquiring, owning, operating and leasing real estate. It invests in multifamily properties and commercial properties that are leased to single or multiple tenants, usually for approximately five years or longer. As of May 26, 2017, the Company held for investment 86 multifamily properties containing 12,813 apartment units and 44 commercial properties, consisting of healthcare, industrial, office and retail, containing approximately 2.7 million square feet of leasable space.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Diversified REITs
- Sub-Industry: Diversified REITs
- Symbol: NYSE:IRET
- CUSIP: 46173010
- Web: www.iret.com
- Market Cap: $739.2 million
- Outstanding Shares: 120,586,000
- 50 Day Moving Avg: $6.07
- 200 Day Moving Avg: $6.09
- 52 Week Range: $5.60 - $7.28
Sales & Book Value:
- Trailing P/E Ratio: 17.29
- Foreward P/E Ratio: 14.76
- P/E Growth: -2.27
- Annual Revenue: $208.86 million
- Price / Sales: 3.49
- Book Value: $3.52 per share
- Price / Book: 1.72
- Annual Dividend: $0.28
- Dividend Yield: 4.6%
- EBITDA: $100.14 million
- Net Margins: 25.72%
- Return on Equity: 0.11%
- Return on Assets: 0.03%
- Debt-to-Equity Ratio: 0.04%
- Current Ratio: 0.23%
- Quick Ratio: 0.23%
- Average Volume: 421,302 shs.
- Beta: 0.79
- Short Ratio: 6.85
Frequently Asked Questions for Investors Real Estate Trust (NYSE:IRET)
What is Investors Real Estate Trust's stock symbol?
Investors Real Estate Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRET."
How often does Investors Real Estate Trust pay dividends? What is the dividend yield for Investors Real Estate Trust?
Investors Real Estate Trust announced a quarterly dividend on Thursday, September 7th. Shareholders of record on Friday, September 15th will be given a dividend of $0.07 per share on Monday, October 2nd. This represents a $0.28 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, September 14th. View Investors Real Estate Trust's Dividend History.
How were Investors Real Estate Trust's earnings last quarter?
Investors Real Estate Trust (NYSE:IRET) issued its quarterly earnings results on Monday, September, 11th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.10. The company earned $52.70 million during the quarter, compared to the consensus estimate of $50.76 million. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The company's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. View Investors Real Estate Trust's Earnings History.
When will Investors Real Estate Trust make its next earnings announcement?
Where is Investors Real Estate Trust's stock going? Where will Investors Real Estate Trust's stock price be in 2017?
1 brokers have issued 1-year target prices for Investors Real Estate Trust's shares. Their forecasts range from $6.50 to $6.50. On average, they expect Investors Real Estate Trust's stock price to reach $6.50 in the next year. View Analyst Ratings for Investors Real Estate Trust.
Who are some of Investors Real Estate Trust's key competitors?
Some companies that are related to Investors Real Estate Trust include Boardwalk Real Estate Investment Trust (BOWFF), Seritage Growth Properties (SRG), CareTrust REIT (CTRE), First Busey Corporation (BUSE), CBL & Associates Properties (CBL), S&T Bancorp (STBA), IRSA Inversiones Y Representaciones S.A. (IRS), Agree Realty Corporation (ADC), Saul Centers (BFS), First Commonwealth Financial Corporation (FCF), Fortress Transportation and Infrastructure Investors LLC (FTAI), 1st Source Corporation (SRCE), CYS Investments (CYS), National Western Life Group (NWLI), New York REIT (NYRT), Beneficial Bancorp (BNCL), PRA Group (PRAA) and Redwood Trust (RWT).
Who are Investors Real Estate Trust's key executives?
Investors Real Estate Trust's management team includes the folowing people:
- Jeffrey P. Caira, Independent Chairman of the Board of Trustees
- Mark O. Decker Jr., President, Chief Executive Officer, Chief Investment Officer, Trustee
- John D. Stewart, Independent Vice Chairman of the Board of Trustees
- John Kirchmann, Chief Financial Officer, Executive Vice President
- Mark W. Reiling, Executive Vice President, Chief Investment Officer
- Anne Olson, Executive Vice President, General Counsel, Secretary
- Andrew Martin, Senior Vice President - Residential Property Management
- Nancy B. Andersen, principal Accounting Officer, Vice President
- Michael T. Dance, Independent Trustee
- Linda J. Hall Keller Ph.D., Independent Trustee
How do I buy Investors Real Estate Trust stock?
Shares of Investors Real Estate Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Investors Real Estate Trust's stock price today?
MarketBeat Community Rating for Investors Real Estate Trust (NYSE IRET)MarketBeat's community ratings are surveys of what our community members think about Investors Real Estate Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Investors Real Estate Trust stock can currently be purchased for approximately $6.05.
Earnings History for Investors Real Estate Trust (NYSE:IRET)Earnings History by Quarter for Investors Real Estate Trust (NYSE IRET)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|9/11/2017||Q1 2018||$0.10||$0.10||$50.76 million||$52.70 million||View||N/A|
|6/28/2017||Q4 2017||$0.10||$0.11||$51.36 million||$54.34 million||View||N/A|
|3/13/2017||Q3 2017||$0.13||$0.12||$51.95 million||$51.20 million||View||N/A|
|12/12/2016||Q217||$0.12||$0.12||$49.19 million||$50.61 million||View||N/A|
|6/29/2016||Q416||$0.14||$0.14||$56.06 million||$48.52 million||View||N/A|
|3/10/2016||Q3||$0.13||$0.40||$53.40 million||$55.77 million||View||Listen|
|12/10/2015||Q216||$0.15||$0.06||$50.36 million||$52.27 million||View||N/A|
|9/9/2015||Q116||$0.15||$0.16||$73.47 million||$50.96 million||View||N/A|
|3/12/2015||Q315||$0.17||$0.17||$72.95 million||$72.92 million||View||N/A|
|12/10/2014||Q215||$0.16||$0.17||$69.92 million||$70.00 million||View||N/A|
|9/9/2014||Q115||$0.15||$0.14||$68.02 million||$68.60 million||View||N/A|
|6/30/2014||Q414||$0.17||$0.14||$67.73 million||$66.98 million||View||N/A|
|3/12/2014||Q3||$0.16||$0.17||$66.63 million||$67.60 million||View||N/A|
|12/10/2013||Q2||$0.17||$0.16||$66.28 million||$66.20 million||View||Listen|
|9/9/2013||Q214||$0.17||$0.16||$64.15 million||$67.18 million||View||N/A|
|7/1/2013||$0.17||$0.19||$65.88 million||$67.00 million||View||N/A|
|3/12/2013||Q313||$0.17||$0.16||$65.30 million||$66.20 million||View||N/A|
|12/10/2012||0.18||$0.16||$0.18||$63.47 million||$64.90 million||View||N/A|
Earnings Estimates for Investors Real Estate Trust (NYSE:IRET)
Current Year EPS Consensus Estimate: $0.41 EPS
Next Year EPS Consensus Estimate: $0.41 EPS
Current Dividend Information for Investors Real Estate Trust (NYSE:IRET)
|Most Recent Dividend:||10/2/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||80.00% (Trailing 12 Months of Earnings) |
68.29% (Based on This Year's Estimates)
68.29% (Based on Next Year's Estimates)
Dividend History by Quarter for Investors Real Estate Trust (NYSE IRET)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Investors Real Estate Trust (NYSE:IRET)
Insider Ownership Percentage: 1.04%Insider Trades by Quarter for Investors Real Estate Trust (NYSE:IRET)
Institutional Ownership Percentage: 53.03%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/28/2016||Timothy P Mihalick||CEO||Buy||2,500||$5.98||$14,950.00|| |
|10/6/2016||Timothy P Mihalick||CEO||Buy||22,500||$5.73||$128,925.00|| |
|10/5/2016||Mark Okey Decker Jr||Insider||Buy||2,900||$5.84||$16,936.00|| |
|9/30/2016||Linda J Hall||Director||Buy||5,000||$5.95||$29,750.00|| |
|9/29/2016||Mark Okey Decker Jr||Insider||Buy||2,500||$6.09||$15,225.00|| |
|9/26/2016||Mark Okey Decker Jr||Insider||Buy||2,000||$6.24||$12,480.00|| |
|9/23/2016||Mark Okey Decker Jr||Insider||Buy||9,000||$6.15||$55,350.00|| |
|9/16/2016||Jeffrey L Miller||Insider||Buy||6,000||$5.83||$34,980.00|| |
|9/16/2016||John A Schissel||Director||Buy||4,200||$5.79||$24,318.00|| |
|9/15/2016||John D Stewart||Director||Buy||665||$5.68||$3,777.20|| |
|9/15/2016||Mark Okey Decker Jr||Insider||Buy||2,000||$5.70||$11,400.00|| |
|9/14/2016||Mark Okey Decker Jr||Insider||Buy||6,689||$5.68||$37,993.52|| |
|9/14/2016||Michael T Dance||Director||Buy||6,000||$5.80||$34,800.00|| |
|9/13/2016||Linda J Hall||Director||Buy||5,000||$5.89||$29,450.00|| |
|9/13/2016||Mark Okey Decker Jr||Insider||Buy||45,900||$5.87||$269,433.00|| |
|7/5/2016||Stephen Stenehjem||Director||Buy||474||$6.33||$3,000.42|| |
|12/15/2015||Jeffrey Caira||Director||Buy||15,000||$7.17||$107,550.00|| |
|12/11/2015||Jeffrey L Miller||Chairman||Buy||4,090||$7.19||$29,407.10|| |
|9/17/2015||Pamela J Moret||Director||Buy||6,839||$7.29||$49,856.31|| |
|9/14/2015||John D Stewart||Director||Buy||2,300||$6.80||$15,640.00|| |
|4/29/2015||Mark W Reiling||EVP||Buy||6,500||$7.39||$48,035.00|| |
|3/25/2015||Pamela J Moret||Director||Buy||6,553||$7.64||$50,064.92|| |
|3/17/2015||Mark W Reiling||EVP||Buy||2,350||$7.34||$17,249.00|| |
|1/30/2015||Mark W Reiling||EVP||Buy||2,350||$8.38||$19,693.00|| |
|10/22/2014||Terrance P Maxwell||Director||Buy||1,650||$7.98||$13,167.00|| |
|10/6/2014||Jeffrey K Woodbury||Director||Buy||1,350||$7.41||$10,003.50|| |
|10/6/2014||Ted E Holmes||SVP||Buy||189||$7.41||$1,400.49|| |
|9/22/2014||Jeffrey L Miller||Director||Buy||10,000||$7.63||$76,300.00|| |
|9/17/2014||Timothy P Mihalick||CEO||Buy||1,267||$7.71||$9,768.57|| |
|9/16/2014||Jeffrey L Miller||Director||Buy||10,000||$7.76||$77,600.00|| |
|7/25/2014||Mark W Reiling||EVP||Buy||1,100||$8.56||$9,416.00|| |
|7/16/2014||Linda J Hall||Director||Buy||2,000||$8.70||$17,400.00|| |
|7/15/2014||Mark W Reiling||Director||Buy||900||$26.10||$23,490.00|| |
|7/9/2014||Mark W Reiling||EVP||Buy||5,500||$8.81||$48,455.00|| |
|7/9/2014||Terrance P Maxwell||Director||Buy||1,500||$8.74||$13,110.00|| |
|4/7/2014||Terrance Maxwell||Director||Buy||1,555||$8.52||$13,248.60|| |
|1/28/2014||Jeffrey Miller||Director||Buy||1,998||$25.60||$51,148.80|| |
|1/24/2014||Jeffrey Miller||Director||Buy||1,002||$25.60||$25,651.20|| |
|10/7/2013||Timothy Mihalick||CEO||Buy||1,265||$7.90||$9,993.50|| |
|10/7/2013||W David Scott||Director||Buy||1,582||$7.90||$12,497.80|| |
|10/4/2013||Mark Reiling||EVP||Buy||1,500||$8.12||$12,180.00|| |
|9/13/2013||Jeffrey Miller||Director||Buy||10,000||$8.10||$81,000.00|| |
|7/11/2013||Jeffrey K Woodbury||Director||Buy||2,000||$9.11||$18,220.00|| |
|7/5/2013||W David Scott||Director||Buy||1,498||$8.34||$12,493.32|| |
|4/26/2013||Diane K Bryantt||CFO||Buy||1,965||$9.77||$19,198.05|| |
|4/8/2013||Mark W Reiling||EVP||Buy||1,000||$9.56||$9,560.00|| |
|4/5/2013||W David Scott||Director||Buy||1,346||$9.29||$12,504.34|| |
|1/7/2013||W David Scott||Director||Buy||1,448||$8.63||$12,496.24|| |
|12/27/2012||Mark W Reiling||EVP||Buy||1,850||$8.81||$16,298.50|| |
|10/5/2012||W David Scott||Director||Buy||1,600||$7.81||$12,496.00|| |
|9/24/2012||Mark W Reiling||EVP||Buy||2,000||$8.25||$16,500.00|| |
Headline Trends for Investors Real Estate Trust (NYSE:IRET)
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Investors Real Estate Trust (IRET) Chart for Saturday, October, 21, 2017