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

Company Overview

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of September 30, 2020, we owned interests in 67 apartment communities consisting of 11,910 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 PC," respectively).

Key Stats

• Today's Range: $22.67 to $22.85
• 50-Day Range: $68.55 to $73.17
• 52-Week Range: $43.58 to $85.24
• Volume: 1,799 shs
• Average Volume: 101,054 shs
• Market Capitalization: $296.49 million
• P/E Ratio: 5.44
• Dividend Yield: 12.25%
• Price Target: N/A
• Consensus Rating: N/A

Investors Real Estate Trust Stock Analysis - MarketRank™

Investors Real Estate Trust scored higher than 52% of companies evaluated by MarketBeat, and ranked 641st out of 962 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Investors Real Estate Trust.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 8.26%

Earnings Growth

Earnings for Investors Real Estate Trust are expected to grow by 8.26% in the coming year, from $3.39 to $3.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Investors Real Estate Trust is 5.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Investors Real Estate Trust is 5.44, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.80.

Price to Book Value per Share Ratio

Investors Real Estate Trust has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.02% of the outstanding shares of Investors Real Estate Trust have been sold short.

Short Interest Ratio / Days to Cover

Investors Real Estate Trust has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Investors Real Estate Trust has recently increased by 33.33%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Investors Real Estate Trust is a leading dividend payer. It pays a dividend yield of 3.98%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Investors Real Estate Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Investors Real Estate Trust is 75.27%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Investors Real Estate Trust will have a dividend payout ratio of 76.29% in the coming year. This indicates that Investors Real Estate Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.02% of the outstanding shares of Investors Real Estate Trust have been sold short.

Short Interest Ratio / Days to Cover

Investors Real Estate Trust has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Investors Real Estate Trust has recently increased by 33.33%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 3 news articles for Investors Real Estate Trust this week, compared to 0 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Investors Real Estate Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.68% of the stock of Investors Real Estate Trust is held by insiders.

Percentage Held by Institutions

70.43% of the stock of Investors Real Estate Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IRET Stock Analysis - Frequently Asked Questions

How were Investors Real Estate Trust's earnings last quarter?

Investors Real Estate Trust (NYSE:IRET) released its quarterly earnings results on Monday, November, 2nd. The real estate investment trust reported $1.38 EPS for the quarter, beating the consensus estimate 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.

When did Investors Real Estate Trust's stock split?

Investors Real Estate Trust shares reverse split on 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 market closes 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.

What other stocks do shareholders of Investors Real Estate Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Healthpeak Properties (DOC).

Company Calendar

• Last Earnings: 11/02/2020
• Ex-Dividend for 8/6 Dividend: 8/02/2024
• Dividend Payable: 8/06/2024
• Today: 10/01/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real Estate Investment Trusts
• Sub-Industry: Diversified REITs
• Current Symbol: NYSE:IRET
• CUSIP: 46173010
• CIK: 798359
• Web: www.iretapartments.com
• Phone: 701-837-4738
• Fax: N/A
• Employees: 361
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $3.72
• Trailing P/E Ratio: 5.44
• Forward P/E Ratio: 6.74
• P/E Growth: N/A
• Net Income: $79.21 million
• Net Margins: 34.57%
• Pretax Margin: N/A
• Return on Equity: 10.77%
• Return on Assets: 4.36%

Debt

• Debt-to-Equity Ratio: 0.76
• Current Ratio: 0.06
• Quick Ratio: 0.06

Sales & Book Value

• Annual Sales: $185.76 million
• Price / Sales: 1.60
• Cash Flow: $4.32 per share
• Price / Cash Flow: 5.29
• Book Value: $49.93 per share
• Price / Book: 0.46

Miscellaneous

• Outstanding Shares: 12,976,000
• Free Float: N/A
• Market Cap: $296.49 million
• Optionable: Not Optionable
• Beta: 1.02