Investors Real Estate Trust (NYSE:IRET) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Investors Real Estate Trust (NYSE:IRET) from a hold rating to a buy rating in a research note published on Friday, October 6th.

IRET has been the topic of several other reports. Zacks Investment Research lowered shares of Investors Real Estate Trust from a hold rating to a sell rating in a research note on Thursday, September 14th. BidaskClub lowered shares of Investors Real Estate Trust from a hold rating to a sell rating in a research note on Friday, July 28th.

Shares of Investors Real Estate Trust (NYSE IRET) opened at 6.28 on Friday. The company has a market capitalization of $757.28 million, a P/E ratio of 17.94 and a beta of 0.79. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28. The stock’s 50 day moving average is $6.07 and its 200-day moving average is $6.09.

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

ILLEGAL ACTIVITY WARNING: “Investors Real Estate Trust (NYSE:IRET) Rating Increased to Buy at ValuEngine” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/17/valuengine-upgrades-investors-real-estate-trust-iret-to-buy.html.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.07 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.28 annualized dividend and a yield of 4.46%. Investors Real Estate Trust’s dividend payout ratio is currently 80.00%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its position in shares of Investors Real Estate Trust by 47.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 11,107 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Investors Real Estate Trust by 155.3% during the second 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Investors Real Estate Trust by 2.4% during the second 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 during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Investors Real Estate Trust during the second quarter worth $126,000. Finally, State Street Corp lifted its holdings in shares of Investors Real Estate Trust by 5.4% during the second quarter. State Street Corp now owns 2,778,387 shares of the real estate investment trust’s stock worth $17,253,000 after purchasing an additional 142,589 shares during the period. Institutional investors and hedge funds own 53.03% of the company’s stock.

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 healthc

IRET has been the topic of several other reports. Zacks Investment Research lowered shares of Investors Real Estate Trust from a hold rating to a sell rating in a research note on Thursday, September 14th. BidaskClub lowered shares of Investors Real Estate Trust from a hold rating to a sell rating in a research note on Friday, July 28th.

Shares of Investors Real Estate Trust (NYSE IRET) opened at 6.28 on Friday. The company has a market capitalization of $757.28 million, a P/E ratio of 17.94 and a beta of 0.79. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28. The stock’s 50 day moving average is $6.07 and its 200-day moving average is $6.09.

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

ILLEGAL ACTIVITY WARNING: “Investors Real Estate Trust (NYSE:IRET) Rating Increased to Buy at ValuEngine” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/17/valuengine-upgrades-investors-real-estate-trust-iret-to-buy.html.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.07 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.28 annualized dividend and a yield of 4.46%. Investors Real Estate Trust’s dividend payout ratio is currently 80.00%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its position in shares of Investors Real Estate Trust by 47.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 11,107 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Investors Real Estate Trust by 155.3% during the second 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Investors Real Estate Trust by 2.4% during the second 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 during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Investors Real Estate Trust during the second quarter worth $126,000. Finally, State Street Corp lifted its holdings in shares of Investors Real Estate Trust by 5.4% during the second quarter. State Street Corp now owns 2,778,387 shares of the real estate investment trust’s stock worth $17,253,000 after purchasing an additional 142,589 shares during the period. Institutional investors and hedge funds own 53.03% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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