Strs Ohio lowered its holdings in Investors Real Estate Trust Reit (NYSE:IRET) by 6.8% during the second quarter, Holdings Channel.com reports. The firm owned 17,611 shares of the real estate investment trust’s stock after selling 1,284 shares during the period. Strs Ohio’s holdings in Investors Real Estate Trust Reit were worth $1,033,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of IRET. Nisa Investment Advisors LLC purchased a new stake in Investors Real Estate Trust Reit in the first quarter valued at $34,000. Daiwa Securities Group Inc. raised its position in Investors Real Estate Trust Reit by 23.4% in the second quarter. Daiwa Securities Group Inc. now owns 2,110 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 400 shares during the period. Independent Advisor Alliance purchased a new stake in Investors Real Estate Trust Reit in the first quarter valued at $220,000. State of Alaska Department of Revenue raised its position in Investors Real Estate Trust Reit by 16.4% in the second quarter. State of Alaska Department of Revenue now owns 4,580 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 644 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Investors Real Estate Trust Reit in the first quarter valued at $281,000. Institutional investors own 61.64% of the company’s stock.

Shares of NYSE IRET opened at $67.54 on Wednesday. Investors Real Estate Trust Reit has a twelve month low of $46.30 and a twelve month high of $69.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average price of $61.88.

A number of equities research analysts have commented on the company. ValuEngine upgraded Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. DA Davidson reaffirmed a “buy” rating on shares of Investors Real Estate Trust Reit in a research note on Monday, July 29th. Compass Point began coverage on Investors Real Estate Trust Reit in a research note on Monday, July 22nd. They issued a “buy” rating and a $67.50 price objective for the company. Zacks Investment Research raised Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Saturday. Finally, BMO Capital Markets began coverage on Investors Real Estate Trust Reit in a research note on Friday, June 14th. They issued an “outperform” rating and a $60.25 price objective for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Investors Real Estate Trust Reit has a consensus rating of “Buy” and an average price target of $68.25.

Investors Real Estate Trust Reit Profile

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of December 31, 2018, IRET owned interests in 87 apartment communities consisting of 13,702 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).

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Institutional Ownership by Quarter for Investors Real Estate Trust Reit (NYSE:IRET)

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