Investors Real Estate Trust (NYSE:CSR) will announce its results after market close on Monday, February 28. Analysts expect the company to report earnings of $1.03 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
NYSE CSR opened at $92.58 on Monday. The company’s fifty-day simple moving average is $100.07 and its 200-day simple moving average is $100.31. Investors Real Estate Trust has a 52-week low of $66.91 and a 52-week high of $112.27. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt ratio of 0.64. The stock has a market capitalization of $1.32 billion, a P/E ratio of -330.63 and a beta of 0.99.
The company also recently declared a quarterly dividend, which was paid on Friday, January 14. Investors of record on Monday, January 3 received a dividend of $0.72. The ex-dividend date was Friday, December 31. This represents a dividend of $2.88 on an annualized basis and a dividend yield of 3.11%. Investors Real Estate Trust’s dividend payout ratio (DPR) is currently -1,028.53%.
A number of brokerages have recently published CSR reports. BTIG Research raised its price target on Investors Real Estate Trust shares from $108.00 to $115.00 and gave the stock a “buy” rating in a Monday, December 13 research note. BMO Capital Markets downgraded shares of Investors Real Estate Trust from an “outperform” rating to a “market performer” rating and raised its target price for the company from $107.00 to $112.00 in a research note from Thursday, December 9. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a target price of $114.00 for the company in a Tuesday, Jan. 11 research note. Finally, Robert W. Baird raised the target price of Investors Real Estate Trust shares from $106.00 to $110.00 and gave the company a “neutral” rating in a Friday, Jan. 7 research note. Three research analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat, Investors Real Estate Trust currently has a consensus rating of “Buy” and an average price target of $105.63.
About Investors Real Estate Trust
Centerspace engages in the ownership, management, acquisition, redevelopment and development of apartment communities. He is focused on making operational improvements to enhance the resident experience, redevelopment of existing apartment communities to meet market demands, and acquiring new apartment communities in the Minneapolis/St.
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