BidaskClub downgraded shares of Investors Real Estate Trust (NYSE:IRET) from a sell rating to a strong sell rating in a research report released on Tuesday morning.

A number of other research analysts have also issued reports on IRET. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a sell rating to a hold rating in a report on Friday, August 11th. ValuEngine upgraded shares of Investors Real Estate Trust from a hold rating to a buy rating in a report on Monday, September 11th.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at $5.87 on Tuesday. The stock has a market cap of $729.55 million, a price-to-earnings ratio of 13.44, a P/E/G ratio of 2.48 and a beta of 0.80. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.04.

Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting 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 firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. equities analysts expect that Investors Real Estate Trust will post 0.41 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Aperio Group LLC grew its position in shares of Investors Real Estate Trust by 86.4% during the 3rd quarter. Aperio Group LLC now owns 28,150 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 13,052 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Investors Real Estate Trust by 47.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 11,107 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Investors Real Estate Trust by 155.3% in the 2nd quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock worth $2,940,000 after purchasing an additional 287,961 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Investors Real Estate Trust by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 2,371 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Investors Real Estate Trust in the 2nd quarter worth $126,000. 53.02% of the stock is owned by institutional investors and hedge funds.

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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