Investors Real Estate Trust Reit (IRET) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Investors Real Estate Trust Reit (NYSE: IRET) in the last few weeks:

  • 9/22/2018 – Investors Real Estate Trust Reit was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “
  • 9/17/2018 – Investors Real Estate Trust Reit is now covered by analysts at Boenning Scattergood. They set a “neutral” rating on the stock.
  • 9/13/2018 – Investors Real Estate Trust Reit was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “
  • 9/6/2018 – Investors Real Estate Trust Reit was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “
  • 8/29/2018 – Investors Real Estate Trust Reit was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “

Shares of NYSE IRET opened at $5.61 on Monday. The company has a market capitalization of $670.43 million, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. Investors Real Estate Trust Reit has a 1 year low of $4.61 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.72 and a quick ratio of 0.72.

Investors Real Estate Trust Reit (NYSE:IRET) last released its quarterly earnings results on Monday, September 10th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.07). Investors Real Estate Trust Reit had a negative return on equity of 4.92% and a net margin of 69.92%. The firm had revenue of $45.95 million for the quarter, compared to the consensus estimate of $44.94 million. analysts forecast that Investors Real Estate Trust Reit will post 0.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.28 annualized dividend and a yield of 4.99%. Investors Real Estate Trust Reit’s payout ratio is 73.68%.

In other news, CEO Mark Okey Decker, Jr. purchased 9,000 shares of the stock in a transaction on Tuesday, July 3rd. The stock was purchased at an average price of $5.55 per share, for a total transaction of $49,950.00. Following the acquisition, the chief executive officer now owns 172,085 shares in the company, valued at $955,071.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Kirchmann purchased 18,000 shares of the stock in a transaction on Thursday, July 12th. The shares were purchased at an average price of $5.49 per share, with a total value of $98,820.00. Following the acquisition, the chief financial officer now owns 49,571 shares in the company, valued at approximately $272,144.79. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 35,662 shares of company stock valued at $195,149. Company insiders own 0.85% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in IRET. Tower Research Capital LLC TRC grew its position in shares of Investors Real Estate Trust Reit by 1,853.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 21,484 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 20,384 shares during the period. KBC Group NV acquired a new stake in shares of Investors Real Estate Trust Reit during the 1st quarter worth approximately $149,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Investors Real Estate Trust Reit by 167.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 29,190 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 18,257 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Investors Real Estate Trust Reit by 175.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,112 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 19,800 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Investors Real Estate Trust Reit by 82.8% during the 2nd quarter. SG Americas Securities LLC now owns 33,104 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 14,990 shares during the period. Hedge funds and other institutional investors own 57.07% of the company’s stock.

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of April 30, 2018, IRET owned interests in 90 apartment communities consisting of 14,176 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).

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