For the current week, the company shares have a recommendation consensus of Buy. The stock has a market capitalization of $707.31 million, a PE ratio of 23.19 and a beta of 0.74. Over the last six months, Wheeler Real Estate Investment Trust, Inc.’s stock has been 33.06% and -9.04% for the year. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02.
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Earnings Roundup: In the last fiscal quarter alone, Monmouth Real Estate Investment Corp. generated almost $20.79M in sales. The Company’s Board of Directors will consider many factors when setting dividend rates, including the Company’s historical and projected income, normalized funds from operations, the then current and expected needs and availability of cash to pay the Company’s obligations, distributions which may be required to be paid to maintain the Company’s tax status as a real estate investment trust and other factors deemed relevant by the Board of Directors in its discretion.
07/01/2016 – Investors Real Estate Trust had its “hold” rating reiterated by analysts at Wunderlich. Investors Real Estate Trust has a 52-week low of 5.70 and a 52-week high of 8.39. The stock is now holding above its 50-day SMA of $1.13 and below its 200-day SMA of $13.96.
Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). During the same quarter in the prior year, the firm earned $0.16 earnings per share.
One Month Ago Analyst Ratings: The Company has received mean Analyst rating of 1.75 from polled analysts at Reuters One Month Ago. The 5 stock analysts who cover the stock have an average PT at $15.3, with individual targets in the range of $14 to $16. They presently have a GBX 70 ($0.93) price objective on the stock. BlackRock Institutional Trust Company N.A. purchased a new position in Newcastle Investment Corp. during the first quarter worth about $156,000. Menta Capital LLC now owns 138,162 shares of the real estate investment trust’s stock worth $598,000 after buying an additional 37,600 shares during the period. Legal & General Group Plc boosted its position in Investors Real Estate Trust by 5.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 33,803 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 17,512 shares during the period.
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07/07/2016 – Investors Real Estate Trust was downgraded to “neutral” by analysts at Robert W. Baird. The Company’s business consists of owning and operating income-producing real estate properties. Its properties include Amscot Building, Berkley, Bixby Commons, Courtland Commons, Cypress Shopping Center, Graystone Crossing, Cardinal Plaza, Franklinton Square, Nashville Commons and Harrodsburg Marketplace, among others. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota.
