Investors Real Estate Trust (NYSE:IRET) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub lowered shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

Investors Real Estate Trust (NYSE:IRET) opened at 6.11 on Friday. The stock has a 50 day moving average of $6.06 and a 200 day moving average of $6.06. Investors Real Estate Trust has a one year low of $5.60 and a one year high of $7.28. The firm has a market cap of $736.78 million, a PE ratio of 17.46 and a beta of 0.79.

Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings results on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $52.70 million during the quarter, compared to analyst estimates of $50.76 million. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities analysts forecast that Investors Real Estate Trust will post ($0.45) earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Investors Real Estate Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock valued at $115,960,000 after purchasing an additional 340,851 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Investors Real Estate Trust by 4.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,138 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 1,248 shares during the last quarter. Swiss National Bank increased its stake in Investors Real Estate Trust by 3.9% during the first quarter. Swiss National Bank now owns 200,400 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 7,500 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Investors Real Estate Trust by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock valued at $1,588,000 after purchasing an additional 2,068 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Investors Real Estate Trust by 18.4% during the first quarter. First Trust Advisors LP now owns 301,781 shares of the real estate investment trust’s stock valued at $1,790,000 after purchasing an additional 46,943 shares during the last quarter. Hedge funds and other institutional investors own 53.05% 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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