American Century Companies Inc. acquired a new stake in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET) during the 2nd quarter, Holdings Channel reports. The firm acquired 94,423 shares of the real estate investment trust’s stock, valued at approximately $522,000.

Several other large investors have also added to or reduced their stakes in IRET. Russell Investments Group Ltd. lifted its holdings in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock by 3,996.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 614,408 shares of the real estate investment trust’s stock valued at $3,401,000 after purchasing an additional 599,408 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock by 38.1% during the 1st quarter. Wells Fargo & Company MN now owns 1,454,466 shares of the real estate investment trust’s stock valued at $7,549,000 after purchasing an additional 401,167 shares in the last quarter. Boston Partners bought a new stake in INVESTORS REAL ESTATE TRUST REIT Common Stock in the 2nd quarter valued at approximately $2,133,000. KBC Group NV lifted its stake in INVESTORS REAL ESTATE TRUST REIT Common Stock by 1,266.9% in the 2nd quarter. KBC Group NV now owns 393,324 shares of the real estate investment trust’s stock valued at $2,175,000 after acquiring an additional 364,549 shares in the last quarter. Finally, GWM Advisors LLC bought a new stake in INVESTORS REAL ESTATE TRUST REIT Common Stock in the 2nd quarter valued at approximately $1,622,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Separately, Zacks Investment Research upgraded INVESTORS REAL ESTATE TRUST REIT Common Stock from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th.

In related news, CEO Mark Okey Decker, Jr. purchased 9,000 shares of the stock in a transaction on Tuesday, July 3rd. The shares were purchased at an average price of $5.55 per share, with a total value of $49,950.00. Following the transaction, the chief executive officer now directly owns 172,085 shares of the company’s stock, valued at $955,071.75. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John Kirchmann purchased 18,000 shares of the stock in a transaction on Thursday, July 12th. The shares were bought at an average cost of $5.49 per share, for a total transaction of $98,820.00. Following the transaction, the chief financial officer now directly owns 49,571 shares in the company, valued at $272,144.79. The disclosure for this purchase can be found here. Insiders acquired a total of 35,662 shares of company stock worth $195,149 in the last 90 days. Company insiders own 0.85% of the company’s stock.

NYSE IRET opened at $5.61 on Thursday. The company has a market capitalization of $651.89 million, a price-to-earnings ratio of 14.76, a PEG ratio of 2.58 and a beta of 0.74. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.20. INVESTORS REAL ESTATE TRUST REIT Common Stock has a 52 week low of $4.61 and a 52 week high of $6.34.

INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET) last released its earnings results on Monday, September 10th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.07). The firm had revenue of $45.95 million during the quarter, compared to the consensus estimate of $44.94 million. INVESTORS REAL ESTATE TRUST REIT Common Stock had a net margin of 60.17% and a negative return on equity of 7.70%. equities analysts expect that INVESTORS REAL ESTATE TRUST REIT Common Stock will post 0.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, September 14th. INVESTORS REAL ESTATE TRUST REIT Common Stock’s payout ratio is 73.68%.

About INVESTORS REAL ESTATE TRUST REIT Common Stock

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of April 30, 2018, IRET owned interests in 90 apartment communities consisting of 14,176 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).

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Institutional Ownership by Quarter for INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET)

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