Investors Real Estate Trust (NYSE:IRET) insider Mark Okey Decker, Jr. acquired 6,689 shares of Investors Real Estate Trust stock in a transaction that occurred on Wednesday, September 14th. The stock was acquired at an average cost of $5.68 per share, for a total transaction of $37,993.52. Following the completion of the purchase, the insider now directly owns 96,138 shares of the company’s stock, valued at $546,063.84. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at 5.76 on Wednesday. The firm 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. The stock’s 50 day moving average price is $6.37 and its 200-day moving average price is $6.52.

Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings results on Thursday, September 8th. The real estate investment trust reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Investors Real Estate Trust had a negative return on equity of 1.83% and a net margin of 22.23%. The firm had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $48.74 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Investors Real Estate Trust will post $0.47 earnings per share for the current 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 given a dividend of $0.13 per share. 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 is presently 185.71%.

Several hedge funds and other institutional investors have recently modified their holdings of IRET. BlackRock Institutional Trust Company N.A. raised its stake 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 last quarter. Investment Centers of America Inc. raised its stake 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 last quarter. BlackRock Inc. raised its stake 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 last quarter. National Planning Corp raised its stake 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 last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake 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 last quarter. 48.77% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on IRET shares. Robert W. Baird set a $6.00 price objective on Investors Real Estate Trust and gave the company a “hold” rating in a research note on Tuesday, September 13th. DA Davidson reduced 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. Zacks Investment Research lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Janney Montgomery Scott started coverage on Investors Real Estate Trust in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Wunderlich reduced 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Investors Real Estate Trust has a consensus rating of “Hold” and an average price target 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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