Investors Real Estate Trust (IRET) Director Buys $49,900.00 in Stock

Investors Real Estate Trust (NYSE:IRET) Director Michael T. Dance bought 2,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were purchased at an average cost of $24.95 per share, with a total value of $49,900.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Investors Real Estate Trust (NYSE IRET) traded up $0.02 on Friday, hitting $5.71. The stock had a trading volume of 465,713 shares, compared to its average volume of 597,685. Investors Real Estate Trust has a 12 month low of $5.49 and a 12 month high of $6.99. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $774.59, a P/E ratio of -33.59, a P/E/G ratio of 2.70 and a beta of 0.82.

Investors Real Estate Trust (NYSE:IRET) last posted its quarterly earnings results on Monday, December 11th. The real estate investment trust reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $53.92 million during the quarter, compared to the consensus estimate of $53.69 million. Investors Real Estate Trust had a negative return on equity of 1.91% and a net margin of 25.90%. Investors Real Estate Trust’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. sell-side analysts expect that Investors Real Estate Trust will post 0.35 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, December 29th. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently -164.71%.

A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Investors Real Estate Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 31st. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Robert W. Baird reissued a “hold” rating and set a $7.00 target price on shares of Investors Real Estate Trust in a report on Sunday, November 19th. Finally, Zacks Investment Research downgraded Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Tuesday.

A number of hedge funds have recently bought and sold shares of the stock. Fox Run Management L.L.C. acquired a new position in Investors Real Estate Trust in the fourth quarter valued at about $108,000. Schwab Charles Investment Management Inc. raised its stake in Investors Real Estate Trust by 13.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 995,158 shares of the real estate investment trust’s stock valued at $5,653,000 after purchasing an additional 115,358 shares in the last quarter. GSA Capital Partners LLP raised its stake in Investors Real Estate Trust by 339.0% in 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 purchasing an additional 129,503 shares in the last quarter. California Public Employees Retirement System raised its stake in Investors Real Estate Trust by 3.3% in the third quarter. California Public Employees Retirement System now owns 501,944 shares of the real estate investment trust’s stock valued at $3,067,000 after purchasing an additional 16,112 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Investors Real Estate Trust by 33.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 52,705 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 13,313 shares in the last quarter. 53.63% of the stock is owned by institutional investors and hedge funds.

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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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