Investors Real Estate Trust (NYSE:IRET) insider Mark Okey Decker, Jr. acquired 6,689 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of $5.68 per share, for a total transaction of $37,993.52. Following the completion of the purchase, the insider now owns 96,138 shares in the company, valued at approximately $546,063.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Investors Real Estate Trust (NYSE:IRET) opened at 5.76 on Wednesday. The firm has a 50-day moving average price of $6.37 and a 200-day moving average price of $6.52. The company has a market capitalization of $700.02 million, a price-to-earnings ratio of 22.95 and a beta of 0.74. Investors Real Estate Trust has a 52 week low of $5.66 and a 52 week high of $8.39.

Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Thursday, September 8th. The real estate investment trust reported $0.12 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.12. The business earned $49.60 million during the quarter, compared to analyst estimates of $48.74 million. Investors Real Estate Trust had a negative return on equity of 1.83% and a net margin of 22.23%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Analysts anticipate that Investors Real Estate Trust will post $0.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid 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%.

A number of research firms recently issued reports on IRET. Robert W. Baird lowered Investors Real Estate Trust from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $8.00 to $7.00 in a research note on Thursday, July 7th. Zacks Investment Research upgraded Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Wunderlich decreased their price objective on 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. DA Davidson decreased their price objective on 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. Finally, Janney Montgomery Scott began coverage on 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.45.

Several institutional investors have recently added to or reduced their stakes in IRET. BlackRock Institutional Trust Company N.A. increased its position in Investors Real Estate Trust by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,526,537 shares of the real estate investment trust’s stock worth $32,863,000 after buying an additional 73,063 shares during the period. Investment Centers of America Inc. increased its position in Investors Real Estate Trust by 16.1% in the first quarter. Investment Centers of America Inc. now owns 1,604,600 shares of the real estate investment trust’s stock worth $11,652,000 after buying an additional 222,158 shares during the period. BlackRock Inc. increased its position in Investors Real Estate Trust by 4.1% in the first quarter. BlackRock Inc. now owns 116,524 shares of the real estate investment trust’s stock worth $846,000 after buying an additional 4,589 shares during the period. National Planning Corp increased 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. Finally, Metropolitan Life Insurance Co. NY increased its position in Investors Real Estate Trust by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 92,550 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 1,885 shares during the period. Hedge funds and other institutional investors own 48.77% of the company’s stock.

About Investors Real Estate Trust

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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