Investors Real Estate Trust (IRET) CEO Mark Okey Decker, Jr. Acquires 25,000 Shares

Investors Real Estate Trust (NYSE:IRET) CEO Mark Okey Decker, Jr. bought 25,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was bought at an average price of $5.58 per share, for a total transaction of $139,500.00. Following the completion of the purchase, the chief executive officer now directly owns 140,985 shares in the company, valued at $786,696.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Investors Real Estate Trust (NYSE IRET) traded up $0.01 on Friday, hitting $5.53. 426,106 shares of the stock traded hands, compared to its average volume of 693,201. Investors Real Estate Trust has a 52-week low of $5.49 and a 52-week high of $7.17. The stock has a market cap of $669.81, a PE ratio of 16.76, a PEG ratio of 2.61 and a beta of 0.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.17 and a quick ratio of 0.17.

Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. The firm had revenue of $53.92 million during the quarter, compared to analysts’ expectations of $53.69 million. During the same quarter in the prior year, the company earned $0.12 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. equities analysts expect that Investors Real Estate Trust will post 0.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.07 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 5.06%. Investors Real Estate Trust’s payout ratio is presently 84.85%.

A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research cut shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 price target on shares of Investors Real Estate Trust in a research report on Sunday, November 19th.

A number of large investors have recently bought and sold shares of IRET. Evercore Wealth Management LLC purchased a new stake in Investors Real Estate Trust during the second quarter valued at approximately $3,297,000. JPMorgan Chase & Co. lifted its position in Investors Real Estate Trust by 67,497.6% during the third quarter. JPMorgan Chase & Co. now owns 304,189 shares of the real estate investment trust’s stock valued at $1,856,000 after acquiring an additional 303,739 shares during the last quarter. Susquehanna International Group LLP lifted its position in Investors Real Estate Trust by 155.3% during the second quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock valued at $2,940,000 after acquiring an additional 287,961 shares during the last quarter. State Street Corp lifted its position in Investors Real Estate Trust by 5.4% during the second quarter. State Street Corp now owns 2,778,387 shares of the real estate investment trust’s stock valued at $17,253,000 after acquiring an additional 142,589 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in Investors Real Estate Trust by 339.0% during the third quarter. GSA Capital Partners LLP now owns 167,699 shares of the real estate investment trust’s stock valued at $1,025,000 after acquiring an additional 129,503 shares during the last quarter. 53.63% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/05/investors-real-estate-trust-iret-ceo-mark-okey-decker-jr-acquires-25000-shares.html.

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.

Receive News & Ratings for Investors Real Estate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Real Estate Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply