Shares of Investors Real Estate Trust (NYSE:IRET) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.99 and last traded at $5.00, with a volume of 369673 shares traded. The stock had previously closed at $5.11.

IRET has been the topic of a number of analyst reports. BidaskClub lowered shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Wednesday, November 15th. Finally, Robert W. Baird restated a “hold” rating and set a $7.00 target price on shares of Investors Real Estate Trust in a research report on Sunday, November 19th.

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 stock has a market capitalization of $680.99, a P/E ratio of -29.53, a price-to-earnings-growth ratio of 2.43 and a beta of 0.75.

Investors Real Estate Trust (NYSE:IRET) last posted its quarterly earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The company had revenue of $53.92 million for the quarter, compared to the consensus estimate of $53.69 million. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. Investors Real Estate Trust’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $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. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend was Friday, December 29th. Investors Real Estate Trust’s dividend payout ratio is currently -164.71%.

In related news, Director Michael T. Dance purchased 10,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were bought at an average price of $5.50 per share, with a total value of $55,000.00. Following the completion of the purchase, the director now directly owns 24,671 shares in the company, valued at approximately $135,690.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John Kirchmann bought 6,900 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was acquired at an average cost of $5.65 per share, for a total transaction of $38,985.00. Following the purchase, the chief financial officer now owns 31,571 shares in the company, valued at approximately $178,376.15. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 90,900 shares of company stock worth $555,335. 1.04% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of Investors Real Estate Trust by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 2,371 shares during the period. Voya Investment Management LLC raised its stake in shares of Investors Real Estate Trust by 6.8% in the 2nd quarter. Voya Investment Management LLC now owns 73,996 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 4,685 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of Investors Real Estate Trust by 47.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 11,107 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Investors Real Estate Trust by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,137,298 shares of the real estate investment trust’s stock valued at $6,949,000 after acquiring an additional 11,883 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Investors Real Estate Trust by 68.8% in the 3rd quarter. SG Americas Securities LLC now owns 30,118 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 12,280 shares during the period. 53.83% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Investors Real Estate Trust (IRET) Hits New 12-Month Low at $4.99” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/14/investors-real-estate-trust-iret-hits-new-12-month-low-at-4-99.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.