Investors Real Estate Trust (NYSE:CSR) Updates FY 2021 Earnings Guidance

Investors Real Estate Trust (NYSE:CSR) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.780-$3.940 for the period. The company issued revenue guidance of -.Investors Real Estate Trust also updated its FY21 guidance to $3.78-3.94 EPS.

NYSE CSR opened at $99.69 on Wednesday. Investors Real Estate Trust has a fifty-two week low of $61.49 and a fifty-two week high of $108.19. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 52.19, a price-to-earnings-growth ratio of 3.71 and a beta of 0.92. The business has a fifty day moving average of $94.14 and a 200-day moving average of $79.83. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.58.

Investors Real Estate Trust (NYSE:CSR) last announced its quarterly earnings data on Sunday, August 1st. The company reported ($0.48) EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($1.41). Investors Real Estate Trust had a net margin of 17.44% and a return on equity of 5.34%. As a group, analysts anticipate that Investors Real Estate Trust will post 3.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 11th. Investors of record on Thursday, September 30th will be paid a $0.72 dividend. This is a boost from Investors Real Estate Trust’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $2.88 annualized dividend and a dividend yield of 2.89%. Investors Real Estate Trust’s payout ratio is 74.07%.

CSR has been the topic of several research reports. BTIG Research restated a buy rating and set a $90.00 price objective on shares of Investors Real Estate Trust in a research note on Sunday, July 11th. Compass Point upgraded Investors Real Estate Trust from a neutral rating to a buy rating and set a $110.00 price objective on the stock in a research note on Thursday, August 5th. Janney Montgomery Scott upgraded Investors Real Estate Trust from a neutral rating to a buy rating and set a $74.00 price objective on the stock in a research note on Tuesday, May 18th. Colliers Securities assumed coverage on Investors Real Estate Trust in a research report on Tuesday, July 27th. They set a neutral rating and a $100.00 price target on the stock. Finally, Zacks Investment Research upgraded Investors Real Estate Trust from a hold rating to a buy rating and set a $100.00 price target on the stock in a research report on Wednesday, July 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of $89.86.

About Investors Real Estate Trust

Centerspace engages in the ownership, management, acquisition, redevelopment, and development of apartment communities. It focuses on making operational enhancements to improve residents experience, redeveloping existing apartment communities to meet market demands and acquiring new apartment communities in the Minneapolis/St.

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

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