Investors Real Estate Trust Reit (NYSE:IRET) Stock Holdings Cut by GWM Advisors LLC

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GWM Advisors LLC lessened its stake in shares of Investors Real Estate Trust Reit (NYSE:IRET) by 2.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,963 shares of the real estate investment trust’s stock after selling 658 shares during the period. GWM Advisors LLC owned about 0.20% of Investors Real Estate Trust Reit worth $1,406,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Investors Real Estate Trust Reit by 1.3% in the first quarter. Rhumbline Advisers now owns 19,264 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 238 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of 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 in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Investors Real Estate Trust Reit by 78.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,001 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 441 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of 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 in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Investors Real Estate Trust Reit by 3.6% in the first quarter. Nordea Investment Management AB now owns 19,001 shares of the real estate investment trust’s stock valued at $1,138,000 after purchasing an additional 661 shares in the last quarter. Institutional investors own 62.63% of the company’s stock.

NYSE IRET opened at $69.59 on Wednesday. Investors Real Estate Trust Reit has a 1-year low of $46.30 and a 1-year high of $71.00. 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 firm’s fifty day simple moving average is $63.26 and its 200-day simple moving average is $60.40.

A number of research firms have recently issued reports on IRET. ValuEngine upgraded Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Saturday, August 10th. Compass Point assumed coverage on shares of Investors Real Estate Trust Reit in a research note on Monday, July 22nd. They issued a “buy” rating and a $67.50 price target on the stock. DA Davidson reaffirmed a “buy” rating on shares of Investors Real Estate Trust Reit in a research note on Monday, July 29th. Finally, BMO Capital Markets assumed coverage on shares of Investors Real Estate Trust Reit in a research note on Friday, June 14th. They issued an “outperform” rating and a $60.25 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Investors Real Estate Trust Reit 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).

See Also: Fundamental Analysis

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

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