Investors Real Estate Trust Reit (IRET) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its holdings in shares of Investors Real Estate Trust Reit (NYSE:IRET) by 95.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,853 shares of the real estate investment trust’s stock after selling 461,686 shares during the quarter. Deutsche Bank AG’s holdings in Investors Real Estate Trust Reit were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IRET. Vanguard Group Inc raised its position in Investors Real Estate Trust Reit by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 17,496,019 shares of the real estate investment trust’s stock valued at $104,627,000 after buying an additional 226,952 shares during the last quarter. Vanguard Group Inc. raised its position in Investors Real Estate Trust Reit by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,496,019 shares of the real estate investment trust’s stock valued at $104,627,000 after buying an additional 226,952 shares during the last quarter. Norges Bank acquired a new stake in Investors Real Estate Trust Reit in the 4th quarter valued at approximately $8,449,000. JPMorgan Chase & Co. raised its position in Investors Real Estate Trust Reit by 97.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 304,557 shares of the real estate investment trust’s stock valued at $1,821,000 after buying an additional 150,586 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Investors Real Estate Trust Reit by 20.9% in the 3rd quarter. Teachers Advisors LLC now owns 285,203 shares of the real estate investment trust’s stock valued at $1,706,000 after buying an additional 49,397 shares during the last quarter. 61.62% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on IRET. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine raised Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a research report on Friday.

NYSE:IRET opened at $60.03 on Tuesday. The company has a market cap of $702.79 million, a price-to-earnings ratio of 17.59, a P/E/G ratio of 2.75 and a beta of 0.96. Investors Real Estate Trust Reit has a twelve month low of $46.30 and a twelve month high of $62.24. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.50.

Investors Real Estate Trust Reit (NYSE:IRET) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($1.40). The company had revenue of $45.61 million for the quarter, compared to analyst estimates of $45.08 million. Investors Real Estate Trust Reit had a negative return on equity of 2.23% and a negative net margin of 5.96%. Research analysts forecast that Investors Real Estate Trust Reit will post 3.62 EPS for the current fiscal year.

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Investors Real Estate Trust Reit 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).

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

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