Investors Real Estate Trust (NYSE:IRET) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “

A number of other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub cut shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

Shares of Investors Real Estate Trust (NYSE IRET) traded up 0.51% during midday trading on Thursday, reaching $5.87. The company’s stock had a trading volume of 1,347,016 shares. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28. The firm has a market capitalization of $707.84 million, a P/E ratio of 16.82 and a beta of 0.79. The stock has a 50-day moving average of $6.15 and a 200 day moving average of $6.08.

Investors Real Estate Trust (NYSE:IRET) last released its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The company had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $50.76 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts predict that Investors Real Estate Trust will post ($0.01) EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in IRET. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Investors Real Estate Trust during the second quarter worth about $100,000. Neuberger Berman Group LLC increased its stake in shares of Investors Real Estate Trust by 29.4% during the first quarter. Neuberger Berman Group LLC now owns 18,553 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 4,213 shares in the last quarter. Creative Planning increased its stake in shares of Investors Real Estate Trust by 43.4% during the second quarter. Creative Planning now owns 19,088 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 5,775 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Investors Real Estate Trust during the second quarter worth about $126,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Investors Real Estate Trust during the second quarter worth about $128,000. 53.67% of the stock is owned by institutional investors and hedge funds.

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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