Investors Real Estate Trust (NYSE:CSR) Posts Quarterly Earnings Results, Misses Estimates By $1.35 EPS

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Investors Real Estate Trust (NYSE:CSR) posted its quarterly earnings results on Sunday. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($1.35), Fidelity Earnings reports. Investors Real Estate Trust had a return on equity of 10.77% and a net margin of 34.57%.

CSR stock traded down $0.10 during midday trading on Tuesday, hitting $70.90. 51,366 shares of the company’s stock were exchanged, compared to its average volume of 46,053. The stock’s fifty day moving average is $71.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $920.00 million, a P/E ratio of 16.93 and a beta of 0.99. Investors Real Estate Trust has a one year low of $43.58 and a one year high of $77.36.

Separately, BMO Capital Markets upgraded Investors Real Estate Trust from a “market perform” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Monday, January 11th.

Investors Real Estate Trust Company Profile

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).

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Earnings History for Investors Real Estate Trust (NYSE:CSR)

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