Investors Real Estate Trust Reit (NYSE:IRET) Shares Sold by Strs Ohio

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Strs Ohio trimmed its stake in shares of Investors Real Estate Trust Reit (NYSE:IRET) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,611 shares of the real estate investment trust’s stock after selling 1,284 shares during the period. Strs Ohio owned about 0.15% of Investors Real Estate Trust Reit worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IRET. Nisa Investment Advisors LLC acquired a new stake in Investors Real Estate Trust Reit in the first quarter valued at approximately $34,000. Daiwa Securities Group Inc. grew its holdings 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 acquired a new stake in Investors Real Estate Trust Reit in the first quarter valued at approximately $220,000. State of Alaska Department of Revenue grew its holdings 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 acquired a new stake in Investors Real Estate Trust Reit in the first quarter valued at approximately $281,000. 61.64% of the stock is currently owned by institutional investors.

Shares of IRET opened at $67.54 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.40. Investors Real Estate Trust Reit has a 12 month low of $46.30 and a 12 month high of $69.50. The firm has a 50 day simple moving average of $61.88.

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

Further Reading: What are no-load funds?

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

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