Investors Real Estate Trust (IRET) Cut to Sell at Zacks Investment Research

Investors Real Estate Trust (NYSE:IRET) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, September 14th.

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

A number of other analysts have also recently weighed in on the company. BidaskClub cut Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 11th.

Investors Real Estate Trust (NYSE:IRET) opened at 5.81 on Thursday. Investors Real Estate Trust has a one year low of $5.60 and a one year high of $7.28. The firm has a market capitalization of $700.60 million, a P/E ratio of 16.65 and a beta of 0.79. The firm’s 50-day moving average price is $6.13 and its 200 day moving average price is $6.06.

Investors Real Estate Trust (NYSE:IRET) last released its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. Investors Real Estate Trust’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. On average, equities analysts anticipate that Investors Real Estate Trust will post ($0.01) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://stocknewstimes.com/2017/09/23/investors-real-estate-trust-iret-rating-lowered-to-sell-at-zacks-investment-research.html.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Investors Real Estate Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock valued at $115,960,000 after acquiring an additional 340,851 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Investors Real Estate Trust by 4.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,138 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 1,248 shares during the period. Stephens Inc. AR lifted its stake in shares of Investors Real Estate Trust by 1.3% during the first quarter. Stephens Inc. AR now owns 299,555 shares of the real estate investment trust’s stock valued at $1,776,000 after acquiring an additional 3,719 shares during the period. Swiss National Bank lifted its stake in shares of Investors Real Estate Trust by 3.9% during the first quarter. Swiss National Bank now owns 200,400 shares of the real estate investment trust’s stock valued at $1,188,000 after acquiring an additional 7,500 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Investors Real Estate Trust by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock valued at $1,588,000 after acquiring an additional 2,068 shares during the period. 53.05% of the stock is currently owned by institutional investors.

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.

Get a free copy of the Zacks research report on Investors Real Estate Trust (IRET)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply