Insider Buying: Investors Real Estate Trust Director Acquires 1,002 Shares of Stock (IRET)
Investors Real Estate Trust (NASDAQ:IRET) Director Jeffrey L. Miller acquired 1,002 shares of Investors Real Estate Trust stock on the open market in a transaction dated Friday, January 24th. The stock was purchased at an average price of $25.60 per share, for a total transaction of $25,651.20. Following the acquisition, the director now directly owns 9,302 shares in the company, valued at approximately $238,131. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Investors Real Estate Trust (NASDAQ:IRET) traded down 0.58% on Monday, hitting $8.51. The stock had a trading volume of 226,346 shares. Investors Real Estate Trust has a 52 week low of $7.97 and a 52 week high of $10.02. The stock has a 50-day moving average of $8.62 and a 200-day moving average of $8.55. The company has a market cap of $901.0 million and a P/E ratio of 54.18.
Investors Real Estate Trust (NASDAQ:IRET) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $66.28 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Investors Real Estate Trust will post $0.64 earnings per share for the current fiscal year.
Investors Real Estate Trust (NASDAQ:IRET) a self-advised equity real estate investment trust (REIT).
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