Nordea Investment Management AB Takes Position in Investors Real Estate Trust Reit (NYSE:IRET)

Nordea Investment Management AB bought a new stake in shares of Investors Real Estate Trust Reit (NYSE:IRET) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,340 shares of the real estate investment trust’s stock, valued at approximately $900,000. Nordea Investment Management AB owned approximately 0.15% of Investors Real Estate Trust Reit at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Investors Real Estate Trust Reit by 1.3% in the third quarter. Vanguard Group Inc. now owns 17,496,019 shares of the real estate investment trust’s stock valued at $104,627,000 after acquiring an additional 226,952 shares during the last quarter. Vanguard Group Inc boosted its holdings in Investors Real Estate Trust Reit by 1.3% in the third quarter. Vanguard Group Inc now owns 17,496,019 shares of the real estate investment trust’s stock valued at $104,627,000 after acquiring an additional 226,952 shares during the last quarter. BlackRock Inc. boosted its holdings in Investors Real Estate Trust Reit by 2.2% in the third quarter. BlackRock Inc. now owns 11,172,479 shares of the real estate investment trust’s stock valued at $66,811,000 after acquiring an additional 240,583 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Investors Real Estate Trust Reit by 34.9% in the third quarter. Renaissance Technologies LLC now owns 4,217,345 shares of the real estate investment trust’s stock valued at $25,220,000 after acquiring an additional 1,090,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Investors Real Estate Trust Reit by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,967,844 shares of the real estate investment trust’s stock valued at $11,767,000 after acquiring an additional 12,224 shares during the last quarter. 61.56% of the stock is currently owned by institutional investors.

IRET has been the topic of several analyst reports. Zacks Investment Research raised Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Saturday, March 2nd. ValuEngine lowered Investors Real Estate Trust Reit from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th.

Shares of NYSE IRET traded up $1.51 during mid-day trading on Friday, reaching $60.84. 72,979 shares of the company’s stock were exchanged, compared to its average volume of 63,994. The firm has a market cap of $728.32 million, a P/E ratio of 16.01, a P/E/G ratio of 2.78 and a beta of 0.96. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.64 and a quick ratio of 0.64. Investors Real Estate Trust Reit has a twelve month low of $46.30 and a twelve month high of $62.24.

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About Investors Real Estate Trust Reit

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).

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

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