Investors Real Estate Trust (IRET) Holdings Lifted by State Street Corp

State Street Corp boosted its position in shares of Investors Real Estate Trust (NYSE:IRET) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,778,387 shares of the real estate investment trust’s stock after buying an additional 142,589 shares during the quarter. State Street Corp owned 2.30% of Investors Real Estate Trust worth $17,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Voya Investment Management LLC boosted its stake in Investors Real Estate Trust by 6.8% during the second quarter. Voya Investment Management LLC now owns 73,996 shares of the real estate investment trust’s stock worth $460,000 after buying an additional 4,685 shares during the period. Evercore Wealth Management LLC purchased a new position in Investors Real Estate Trust during the second quarter worth $3,297,000. Dimensional Fund Advisors LP boosted its stake in Investors Real Estate Trust by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,819,516 shares of the real estate investment trust’s stock worth $11,299,000 after buying an additional 53,221 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Investors Real Estate Trust by 9.8% during the second quarter. Parametric Portfolio Associates LLC now owns 293,909 shares of the real estate investment trust’s stock worth $1,825,000 after buying an additional 26,186 shares during the period. Finally, Northern Trust Corp boosted its stake in Investors Real Estate Trust by 2.8% during the second quarter. Northern Trust Corp now owns 2,067,920 shares of the real estate investment trust’s stock worth $12,842,000 after buying an additional 56,517 shares during the period. 53.48% of the stock is owned by institutional investors.

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Several research analysts have commented on IRET shares. ValuEngine raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Wednesday, November 15th. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price objective on shares of Investors Real Estate Trust in a research note on Sunday. Finally, BidaskClub raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.67.

Shares of Investors Real Estate Trust (NYSE IRET) opened at $5.90 on Monday. The stock has a market cap of $711.46, a price-to-earnings ratio of 13.11, a PEG ratio of 2.47 and a beta of 0.80. Investors Real Estate Trust has a one year low of $5.60 and a one year high of $7.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.23 and a current ratio of 0.23.

Investors Real Estate Trust (NYSE:IRET) last issued its earnings results on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.10. The firm 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. sell-side analysts predict that Investors Real Estate Trust will post 0.4 EPS for the current fiscal year.

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.

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

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