Investors Real Estate Trust Reit (IRET) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its position in Investors Real Estate Trust Reit (NYSE:IRET) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,240 shares of the real estate investment trust’s stock after selling 565 shares during the period. United Services Automobile Association owned about 0.16% of Investors Real Estate Trust Reit worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in IRET. Quantamental Technologies LLC bought a new stake in Investors Real Estate Trust Reit during the 4th quarter valued at about $36,000. Acadian Asset Management LLC bought a new stake in shares of Investors Real Estate Trust Reit in the 4th quarter valued at about $145,000. Chicago Equity Partners LLC bought a new stake in shares of Investors Real Estate Trust Reit in the 4th quarter valued at about $547,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Investors Real Estate Trust Reit in the 4th quarter valued at about $617,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Investors Real Estate Trust Reit in the 3rd quarter valued at about $117,000. 61.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Investors Real Estate Trust Reit stock remained flat at $$59.31 on Friday. 40,239 shares of the stock were exchanged, compared to its average volume of 43,440. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.64 and a current ratio of 0.64. Investors Real Estate Trust Reit has a 52-week low of $46.30 and a 52-week high of $62.24. The stock has a market cap of $710.00 million, a P/E ratio of 15.61, a P/E/G ratio of 2.73 and a beta of 0.97.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.70 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.72%. This is an increase from Investors Real Estate Trust Reit’s previous quarterly dividend of $0.07. Investors Real Estate Trust Reit’s payout ratio is presently 73.68%.

Several equities research analysts have recently commented on IRET shares. Zacks Investment Research lowered shares of Investors Real Estate Trust Reit from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. ValuEngine lowered shares of Investors Real Estate Trust Reit from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th.

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Investors Real Estate Trust Reit Company Profile

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of December 31, 2018, IRET owned interests in 87 apartment communities consisting of 13,702 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).

Further Reading: How to calculate the intrinsic value of a stock

Institutional Ownership by Quarter for Investors Real Estate Trust Reit (NYSE:IRET)

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