Investors Real Estate Trust (NYSE:IRET) previous close was $72.50 while the outstanding shares total 12.10M. The firm has a beta of 1.08, a 12-month trailing P/E ratio of 12.23, and a growth ratio of 2.04. IRET’s shares traded lower over the last trading session, losing -1.37% on 07/06/20. The shares fell to a low of $71.45 before closing at $71.51. Intraday shares traded counted 62543.0, which was 41.91% higher than its 30-day average trading volume of 107.67K. The stock’s Relative Strength Index (RSI) is 55.12, with weekly volatility at 3.97% and ATR at 2.81. The IRET stock’s 52-week price range has touched low of $43.58 and a $85.24 high.
Investors have identified the REIT – Residential company Investors Real Estate Trust as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $935.35 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Investors Real Estate Trust (IRET) Fundamentals that are to be considered.
IRET were able to record -20.32 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -17.43 million. In cash movements, the company had a total of 6.24 million as operating cash flow.
Potential earnings growth for Investors Real Estate Trust (IRET)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Investors Real Estate Trust recorded a total of 44.41 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -2.71% coming in sequential stages and their sales for the third quarter reducing by -3.09%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 42.4 million trying to sell their products during the last quarter, with the result yielding a gross income of 2.0 million. This allows shareholders to hold on to 12.10M with the revenue now reading -0.63 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.82 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.72 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IRET sounds very interesting.
Is the stock of IRET attractive?
In related news, President, CEO and CIO, Decker Mark Okey Jr bought 125 shares of the company’s stock in a transaction that recorded on May 15. The purchase was performed at an average price of 62.03, for a total value of 7,753. As the purchase deal closes, the Director, Green Emily Nagle now bought 150 shares of the company’s stock, valued at 9,392. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
2 out of 7 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Investors Real Estate Trust. 0 analysts has assigned a Sell rating on the IRET stock. The 12-month mean consensus price target for the company’s shares has been set at $70.38.