Investors Real Estate Trust (NYSE:IRET) insider Mark Okey Decker, Jr. purchased 2,000 shares of the stock in a transaction dated Thursday, September 15th. The shares were acquired at an average price of $5.70 per share, with a total value of $11,400.00. Following the transaction, the insider now owns 98,138 shares in the company, valued at $559,386.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Investors Real Estate Trust (NYSE:IRET) opened at 5.76 on Wednesday. The company has a market cap of $700.02 million, a price-to-earnings ratio of 22.95 and a beta of 0.74. The company’s 50-day moving average is $6.37 and its 200 day moving average is $6.52. Investors Real Estate Trust has a 1-year low of $5.66 and a 1-year high of $8.39.

Investors Real Estate Trust (NYSE:IRET) last posted its quarterly earnings data on Thursday, September 8th. The real estate investment trust reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Investors Real Estate Trust had a net margin of 22.23% and a negative return on equity of 1.83%. The business earned $49.60 million during the quarter, compared to analysts’ expectations of $48.74 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. Investors Real Estate Trust’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts predict that Investors Real Estate Trust will post $0.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 9.03%. Investors Real Estate Trust’s dividend payout ratio (DPR) is currently 185.71%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Planning Corp boosted its position in Investors Real Estate Trust by 7.8% in the first quarter. National Planning Corp now owns 16,210 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,168 shares during the period. Teacher Retirement System of Texas increased its position in Investors Real Estate Trust by 11.7% in the second quarter. Teacher Retirement System of Texas now owns 17,220 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,805 shares in the last quarter. Advisor Group Inc. purchased a new position in Investors Real Estate Trust during the second quarter valued at about $128,000. Quantitative Systematic Strategies LLC increased its position in Investors Real Estate Trust by 8.6% in the second quarter. Quantitative Systematic Strategies LLC now owns 22,720 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,803 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its position in Investors Real Estate Trust by 1.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 23,499 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 302 shares in the last quarter. 48.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on IRET. Zacks Investment Research cut shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Robert W. Baird set a $6.00 price objective on shares of Investors Real Estate Trust and gave the stock a “hold” rating in a research note on Tuesday, September 13th. DA Davidson reduced their price objective on shares of Investors Real Estate Trust from $7.00 to $6.05 and set a “buy” rating on the stock in a research note on Monday, September 12th. Janney Montgomery Scott initiated coverage on shares of Investors Real Estate Trust in a research note on Tuesday, August 23rd. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Wunderlich reduced their price objective on shares of Investors Real Estate Trust from $7.50 to $6.75 and set a “hold” rating on the stock in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Investors Real Estate Trust has an average rating of “Hold” and an average target price of $6.45.

Investors Real Estate Trust Company Profile

Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota.

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