Investors Real Estate Trust (IRET) Analysts See $0.88 EPS; Shorts at Washington Prime Group (WPG) Raised By 5.31%

Investors Real Estate Trust (NYSE:IRET) Logo

Analysts expect Investors Real Estate Trust (NYSE:IRET) to report $0.88 EPS on March, 11.They anticipate $0.02 EPS change or 2.22% from last quarter’s $0.9 EPS. IRET’s profit would be $22.57 million giving it 17.00 P/E if the $0.88 EPS is correct. After having $0.90 EPS previously, Investors Real Estate Trust’s analysts see -2.22% EPS growth. The stock increased 0.94% or $0.56 during the last trading session, reaching $59.84. About 47,232 shares traded. Investors Real Estate Trust (NYSE:IRET) has declined 10.27% since February 13, 2018 and is downtrending. It has underperformed by 10.27% the S&P500. Some Historical IRET News: 21/04/2018 – DJ Investors Real Estate Trust, Inst Holders, 1Q 2018 (IRET); 15/05/2018 – Endeavour Capital Advisors Buys 1.2% of Investors Real Estate; 05/03/2018 IRET Announces Distributions for the Fourth Quarter of Fiscal Year 2018; 12/03/2018 – Investors Real Estate Tr 3Q FFO 4c/Shr; 12/03/2018 – INVESTORS REAL ESTATE TRUST – QTRLY CORE FFO PER SHARE $0.09; 12/03/2018 – INVESTORS REAL ESTATE 3Q FFO/SHR 4C, EST. 10C; 12/03/2018 – Investors Real Estate Tr 3Q Core FFO/Share 9 Cents; 12/03/2018 – INVESTORS REAL ESTATE TRUST – QUARTERLY SAME-STORE NOI GROWTH OF 5.8% OVER SAME PERIOD IN PRIOR YEAR; 13/03/2018 – IRET Debt Risk Falls 3 Levels in Bloomberg Model; 12/03/2018 – INVESTORS REAL ESTATE TRUST – QTRLY FFO PER SHARE $0.04

Washington Prime Group Inc (NYSE:WPG) had an increase of 5.31% in short interest. WPG’s SI was 36.31M shares in February as released by FINRA. Its up 5.31% from 34.48M shares previously. With 1.76 million avg volume, 21 days are for Washington Prime Group Inc (NYSE:WPG)’s short sellers to cover WPG’s short positions. The SI to Washington Prime Group Inc’s float is 19.62%. The stock increased 3.27% or $0.18 during the last trading session, reaching $5.69. About 2.37 million shares traded. Washington Prime Group Inc. (NYSE:WPG) has declined 10.10% since February 13, 2018 and is downtrending. It has underperformed by 10.10% the S&P500. Some Historical WPG News: 25/04/2018 – WASHINGTON PRIME GROUP INC WPG.N SEES FY 2018 FFO SHR $1.48 TO $1.56; 17/05/2018 – Washington Prime Group Declares Dividend of 25c; 01/05/2018 – S&PGR Revises Washington Prime Outlook To Negative; 12/03/2018 – Washington Prime Group to Acquire Four Sears Stores Located at Tier One Assets through a Sale-Leaseback; 25/04/2018 – WASHINGTON PRIME GROUP 1Q FFO/SHR 39C, EST. 37C; 17/05/2018 – Washington Prime Group Board of Directors Declares Quarterly Dividend; 03/04/2018 – Mall owners Namdar, Washington Prime in bid to buy Bon-Ton; 25/04/2018 – Washington Prime Group 1Q EPS 7c; 05/04/2018 – Moody’s Affirms 14 Classes of COMM 2014-CCRE17; 09/04/2018 – The Bon-Ton Stores, Inc. Receives Signed Letter of Intent from DW Partners, Namdar Realty Group and Washington Prime Group

Washington Prime Group Inc. (NYSE:W

More notable recent Washington Prime Group Inc. (NYSE:WPG) news were published by: Globenewswire.com which released: “Washington Prime Group Board of Directors Declares Quarterly Dividend – GlobeNewswire” on February 12, 2019, also Seekingalpha.com with their article: “FCPT closes eight more property sales under WPG deal – Seeking Alpha” published on January 18, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For January 15, 2019 – Benzinga” on January 15, 2019. More interesting news about Washington Prime Group Inc. (NYSE:WPG) were released by: Nasdaq.com and their article: “Washington Prime Group Announces Timing of Fourth Quarter and Full Year 2018 Conference Call – Nasdaq” published on January 16, 2019 as well as Globenewswire.com‘s news article titled: “Washington Prime Group Provides Department Store Update – GlobeNewswire” with publication date: October 12, 2018.

Among 2 analysts covering Washington Prime Group (NYSE:WPG), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Washington Prime Group had 2 analyst reports since December 18, 2018 according to SRatingsIntel. Goldman Sachs downgraded Washington Prime Group Inc. (NYSE:WPG) rating on Tuesday, December 18. Goldman Sachs has “Sell” rating and $4.3 target. SunTrust downgraded the stock to “Sell” rating in Tuesday, January 15 report.

Since September 21, 2018, it had 10 insider purchases, and 0 sales for $330,561 activity. 2,193 Investors Real Estate Trust (NYSE:IRET) shares with value of $10,895 were bought by CAIRA JEFFREY. 19,995 Investors Real Estate Trust (NYSE:IRET) shares with value of $104,465 were bought by Kirchmann John. $20,600 worth of Investors Real Estate Trust (NYSE:IRET) was bought by Hall Linda J.. Schissel John A also bought $12,265 worth of Investors Real Estate Trust (NYSE:IRET) on Monday, December 24. 5,000 shares valued at $25,984 were bought by Decker Mark Okey Jr on Wednesday, December 19. Green Emily Nagle bought 1,800 shares worth $10,026. 1,000 shares valued at $47,320 were bought by Dance Michael T on Monday, December 31.

More notable recent Investors Real Estate Trust (NYSE:IRET) news were published by: Prnewswire.com which released: “IRET Announces 2018 Dividend Allocations – PRNewswire” on January 23, 2019, also Globenewswire.com with their article: “Analysis: Positioning to Benefit within Cigna, Alexion Pharmaceuticals, Synchrony Financial, Global Medical REIT, Investors Real Estate Trust, and CPI Card Group — Research Highlights Growth, Revenue, and Consolidated Results – GlobeNewswire” published on January 25, 2019, Prnewswire.com published: “IRET Announces Completion of 1-for-10 Reverse Stock Split – PRNewswire” on December 31, 2018. More interesting news about Investors Real Estate Trust (NYSE:IRET) were released by: Prnewswire.com and their article: “IRET Announces 1-for-10 Reverse Stock Split and Plan for Transition to Calendar Year-end – PRNewswire” published on December 17, 2018 as well as Streetinsider.com‘s news article titled: “Investors Real Estate Trust (IRET) Announces 1-for-10 Reverse Stock Split – StreetInsider.com” with publication date: December 17, 2018.

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of multifamily apartment communities. The company has market cap of $1.54 billion. As of October 31, 2017, IRET owned interests in 89 multifamily properties consisting of 13,576 apartment homes and 40 commercial properties, including 28 healthcare and 12 other commercial properties, with a total of 2.5 million square feet of leasable space. It has a 6.7 P/E ratio.

Investors Real Estate Trust (NYSE:IRET) Institutional Positions Chart