Investors Real Estate Trust (NYSE:IRET)‘s stock had its “hold” rating restated by research analysts at Robert W. Baird in a research note issued on Sunday. They currently have a $7.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 18.64% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Wednesday. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub cut Investors Real Estate Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Investors Real Estate Trust currently has an average rating of “Hold” and an average target price of $6.67.

Shares of Investors Real Estate Trust (IRET) traded up $0.04 on Friday, reaching $5.90. The company’s stock had a trading volume of 266,486 shares, compared to its average volume of 276,632. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $711.46, a price-to-earnings ratio of 13.11, a PEG ratio of 2.47 and a beta of 0.80.

Investors Real Estate Trust (NYSE:IRET) last released its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $52.70 million during the quarter, compared to the consensus estimate of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. equities research analysts expect that Investors Real Estate Trust will post 0.4 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Investors Real Estate Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock worth $115,960,000 after buying an additional 340,851 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Investors Real Estate Trust by 7.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 333,488 shares of the real estate investment trust’s stock valued at $2,071,000 after purchasing an additional 22,289 shares during the period. Legal & General Group Plc lifted its stake in shares of Investors Real Estate Trust by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 337,737 shares of the real estate investment trust’s stock valued at $2,097,000 after purchasing an additional 37,026 shares during the period. Northern Trust Corp lifted its stake in shares of Investors Real Estate Trust by 2.8% in the 2nd quarter. Northern Trust Corp now owns 2,067,920 shares of the real estate investment trust’s stock valued at $12,842,000 after purchasing an additional 56,517 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in shares of Investors Real Estate Trust by 155.3% in the 2nd quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock valued at $2,940,000 after purchasing an additional 287,961 shares during the period. Institutional investors and hedge funds own 53.48% of the company’s stock.

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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