Insider Buying: Investors Real Estate Trust Director Buys 2,000 Shares of Stock (IRET)
Investors Real Estate Trust (NASDAQ:IRET) Director Linda J. Hall purchased 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 16th. The shares were purchased at an average cost of $8.70 per share, with a total value of $17,400.00. Following the completion of the transaction, the director now directly owns 8,493 shares of the company’s stock, valued at approximately $73,889. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Investors Real Estate Trust (NASDAQ:IRET) opened at 8.62 on Wednesday. Investors Real Estate Trust has a 1-year low of $7.97 and a 1-year high of $9.27. The stock’s 50-day moving average is $8.89 and its 200-day moving average is $8.73. The company’s market cap is $942.8 million.
Investors Real Estate Trust (NASDAQ:IRET) last issued its quarterly 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. 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.