Zacks Investment Research Downgrades Investors Real Estate Trust (IRET) to Hold

Investors Real Estate Trust (NYSE:IRET) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest. “

How to Become a New Pot Stock Millionaire

Several other equities analysts also recently commented on IRET. ValuEngine upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Robert W. Baird set a $6.00 price target on Investors Real Estate Trust and gave the company a “hold” rating in a report on Friday, March 2nd.

IRET stock opened at $5.06 on Friday. Investors Real Estate Trust has a twelve month low of $4.61 and a twelve month high of $6.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $607.39, a P/E ratio of 3.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89.

In other Investors Real Estate Trust news, Director Michael T. Dance acquired 2,000 shares of Investors Real Estate Trust stock in a transaction dated Thursday, January 18th. The stock was bought 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Okey Decker, Jr. acquired 25,000 shares of Investors Real Estate Trust stock in a transaction dated Wednesday, January 3rd. The stock was acquired at an average cost of $5.58 per share, with a total value of $139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 140,985 shares of the company’s stock, valued at approximately $786,696.30. The disclosure for this purchase can be found here. Insiders bought 62,400 shares of company stock valued at $376,510 over the last three months. 1.04% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of IRET. LPL Financial LLC boosted its position in shares of Investors Real Estate Trust by 2,259.6% in the fourth quarter. LPL Financial LLC now owns 529,188 shares of the real estate investment trust’s stock valued at $3,006,000 after acquiring an additional 506,761 shares during the period. Kennedy Capital Management Inc. bought a new stake in shares of Investors Real Estate Trust in the fourth quarter valued at approximately $2,037,000. JPMorgan Chase & Co. boosted its position in shares of Investors Real Estate Trust by 67,497.6% in 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 period. BlackRock Inc. boosted its position in shares of Investors Real Estate Trust by 1.8% in the fourth quarter. BlackRock Inc. now owns 10,709,041 shares of the real estate investment trust’s stock valued at $60,829,000 after acquiring an additional 192,546 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Investors Real Estate Trust by 52.6% in the fourth quarter. Deutsche Bank AG now owns 475,125 shares of the real estate investment trust’s stock valued at $2,697,000 after acquiring an additional 163,835 shares during the period. 57.55% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/3300671/zacks-investment-research-downgrades-investors-real-estate-trust-iret-to-hold.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.

Latest News

Reviewing Berkshire Hills Bancorp  & United Community Financial
Reviewing Berkshire Hills Bancorp & United Community Financial
Head-To-Head Contrast: Sunrun  and Omega Flex
Head-To-Head Contrast: Sunrun and Omega Flex
adToken Hits Market Capitalization of $33.28 Million
adToken Hits Market Capitalization of $33.28 Million
TokenClub Price Tops $0.0455 on Exchanges
TokenClub Price Tops $0.0455 on Exchanges
Insider Buying: OPKO Health  CEO Purchases 10,000 Shares of Stock
Insider Buying: OPKO Health CEO Purchases 10,000 Shares of Stock
Medifast  Earns Neutral Rating from Sidoti
Medifast Earns Neutral Rating from Sidoti


© 2006-2018 Ticker Report. Google+.