Stephens Inc. AR decreased its position in Investors Real Estate Trust (NYSE:IRET) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,087 shares of the real estate investment trust’s stock after selling 12,468 shares during the period. Stephens Inc. AR owned approximately 0.24% of Investors Real Estate Trust worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Investors Real Estate Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock valued at $115,960,000 after buying an additional 340,851 shares during the last quarter. State Street Corp raised its stake in shares of Investors Real Estate Trust by 6.7% during the 1st quarter. State Street Corp now owns 2,635,798 shares of the real estate investment trust’s stock valued at $15,632,000 after buying an additional 166,170 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Investors Real Estate Trust by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,766,295 shares of the real estate investment trust’s stock valued at $10,474,000 after buying an additional 72,973 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Investors Real Estate Trust by 30.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,285,951 shares of the real estate investment trust’s stock valued at $7,625,000 after buying an additional 301,721 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Investors Real Estate Trust by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,125,415 shares of the real estate investment trust’s stock valued at $6,989,000 after buying an additional 8,512 shares during the last quarter. Institutional investors own 53.67% of the company’s stock.

Investors Real Estate Trust (IRET) opened at 5.84 on Friday. Investors Real Estate Trust has a 1-year low of $5.60 and a 1-year high of $7.28. The stock has a market cap of $704.22 million, a price-to-earnings ratio of 16.73 and a beta of 0.79. The firm’s 50 day moving average price is $6.16 and its 200-day moving average price is $6.08.

Investors Real Estate Trust (NYSE:IRET) last announced its earnings results on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The business had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $50.76 million. During the same period in the prior year, the company earned $0.12 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Investors Real Estate Trust will post ($0.01) earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.79%. Investors Real Estate Trust’s payout ratio is 80.00%.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, ValuEngine lowered Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd.

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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.

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

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