Insider Buying: Investors Real Estate Trust Director Buys 900 Shares of 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, for a total transaction of $23,490.00. Following the transaction, the director now directly owns 9,100 shares of the company’s stock, valued at approximately $237,510. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Investors Real Estate Trust (NASDAQ:IRET) traded down 0.35% during mid-day trading on Thursday, hitting $8.62. 134,226 shares of the company’s stock traded hands. 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 $942.8 million.
Investors Real Estate Trust (NASDAQ:IRET) last released its earnings data on Monday, June 30th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.19 earnings per share. Investors Real Estate Trust’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Investors Real Estate Trust will post $0.66 EPS for the current fiscal year.
Investors Real Estate Trust (NASDAQ:IRET) a self-advised equity real estate investment trust (REIT).
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