Insider Buying: Mark W. Reiling Purchases 900 Shares of Investors Real Estate Trust Stock (IRET)
Investors Real Estate Trust (NASDAQ:IRET) Director Mark W. Reiling acquired 900 shares of the stock on the open market in a transaction that occurred on Tuesday, July 15th. The shares were purchased at an average price of $26.10 per share, with a total value of $23,490.00. Following the completion of the transaction, the director now directly owns 9,100 shares of the company’s stock, valued at approximately $237,510. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Investors Real Estate Trust (NASDAQ:IRET) traded down 0.46% on Wednesday, hitting $8.65. The stock had a trading volume of 582,186 shares. Investors Real Estate Trust has a one year low of $7.97 and a one year high of $9.37. The stock’s 50-day moving average is $8.93 and its 200-day moving average is $8.7. The company’s market cap is $946.1 million.
Investors Real Estate Trust (NASDAQ:IRET) last announced its earnings results on Monday, June 30th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.03. The company had revenue of $66.98 million for the quarter, compared to the consensus estimate of $67.73 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Investors Real Estate Trust will post $0.66 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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