MINOT, N.D., June 27, 2019 – Shares of Investors Real Estate Trust (NYSE: IRET) declined -1.97% to $59.67. The stock traded total volume of 106.414K shares higher than the average volume of 40.95K shares.
Investors Real Estate Trust (NYSE: IRET) reported that it had funds from operations of $10.20M, or 77 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 86 cents per share. Funds from operations are a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $6.40M, or 54 cents per share. The real estate investment trust posted revenue of $45.60M in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $45.10M.
IRET has the market capitalization of $800.77M and its EPS growth ratio for the past five years was -35.30%. The return on investment ratio stands at 0.40%. Price to sales ratio was 4.78 while 63.60% of the stock was owned by institutional investors.