Investors Real Estate Trust (NYSE:IRET) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

IRET has been the subject of a number of other reports. BidaskClub lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th.

Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The firm had revenue of $52.70 million during the quarter, compared to analyst estimates of $50.76 million. During the same period last year, the company posted $0.12 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new stake in Investors Real Estate Trust during the 2nd quarter worth about $100,000. Neuberger Berman Group LLC raised its stake in shares of Investors Real Estate Trust by 29.4% during the 1st 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 raised its stake in shares of Investors Real Estate Trust by 43.4% during the 2nd 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 2nd quarter worth about $126,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Investors Real Estate Trust during the 2nd quarter worth about $128,000. Hedge funds and other institutional investors own 53.02% of the company’s stock.

About Investors Real Estate Trust

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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