Investors Real Estate Trust (NYSE:CSR) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Investors Real Estate Trust (NYSE:CSR) from a market perform rating to a buy rating in a research report sent to investors on Monday, The Fly reports. They currently have $81.00 price target on the stock.

Shares of CSR opened at $71.96 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.76. The stock has a market cap of $933.75 million, a price-to-earnings ratio of 17.13 and a beta of 0.99. Investors Real Estate Trust has a 12-month low of $43.58 and a 12-month high of $85.24.

Investors Real Estate Trust (NYSE:CSR) last announced its earnings results on Monday, November 2nd. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.54. The company had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $43.88 million. Investors Real Estate Trust had a net margin of 34.57% and a return on equity of 10.77%. As a group, research analysts anticipate that Investors Real Estate Trust will post 3.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, December 31st. Investors Real Estate Trust’s dividend payout ratio is presently 75.27%.

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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