Investors Real Estate Trust (IRET) Director Purchases $260,550.00 in Stock

Investors Real Estate Trust (NYSE:IRET) Director Jeffrey Caira purchased 45,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $5.79 per share, for a total transaction of $260,550.00. Following the acquisition, the director now owns 102,807 shares of the company’s stock, valued at approximately $595,252.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Investors Real Estate Trust (NYSE IRET) traded down $0.06 during mid-day trading on Friday, hitting $5.61. The stock had a trading volume of 459,715 shares, compared to its average volume of 619,411. Investors Real Estate Trust has a 52 week low of $5.49 and a 52 week high of $7.14. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $769.16, a price-to-earnings ratio of -33.00, a PEG ratio of 2.58 and a beta of 0.82.

Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Investors Real Estate Trust had a negative return on equity of 1.91% and a net margin of 25.90%. The company had revenue of $53.92 million for the quarter, compared to analyst estimates of $53.69 million. During the same quarter last year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts expect that Investors Real Estate Trust will post 0.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, December 29th. Investors Real Estate Trust’s payout ratio is -164.71%.

IRET has been the topic of several recent research reports. Zacks Investment Research lowered Investors Real Estate Trust from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. BidaskClub lowered Investors Real Estate Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 31st. ValuEngine lowered Investors Real Estate Trust from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Robert W. Baird restated a “hold” rating and issued a $7.00 target price on shares of Investors Real Estate Trust in a report on Sunday, November 19th.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its position 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 valued at $17,253,000 after acquiring an additional 142,589 shares during the last quarter. Northern Trust Corp increased its position in shares of 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 valued at $12,842,000 after acquiring an additional 56,517 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Investors Real Estate Trust by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,840,762 shares of the real estate investment trust’s stock valued at $11,247,000 after acquiring an additional 21,246 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Investors Real Estate Trust by 9.9% during the third quarter. Wells Fargo & Company MN now owns 1,379,059 shares of the real estate investment trust’s stock valued at $8,426,000 after acquiring an additional 123,850 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Investors Real Estate Trust by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 1,137,298 shares of the real estate investment trust’s stock valued at $6,949,000 after acquiring an additional 11,883 shares during the last quarter. 53.63% of the stock is owned by institutional investors.

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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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