D.A. Davidson & CO. Sells 430,053 Shares of Investors Real Estate Trust (IRET)

D.A. Davidson & CO. decreased its holdings in Investors Real Estate Trust (NYSE:IRET) by 58.0% in the 4th quarter, HoldingsChannel reports. The firm owned 310,906 shares of the real estate investment trust’s stock after selling 430,053 shares during the period. D.A. Davidson & CO.’s holdings in Investors Real Estate Trust were worth $1,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IRET. Teachers Advisors LLC increased its stake in shares of Investors Real Estate Trust by 6.5% in the second quarter. Teachers Advisors LLC now owns 221,741 shares of the real estate investment trust’s stock worth $1,377,000 after purchasing an additional 13,618 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Investors Real Estate Trust by 7.2% in the second quarter. TIAA CREF Investment Management LLC now owns 333,488 shares of the real estate investment trust’s stock worth $2,071,000 after purchasing an additional 22,289 shares in the last quarter. Northern Trust Corp increased its stake in shares of Investors Real Estate Trust by 2.8% in the second quarter. Northern Trust Corp now owns 2,067,920 shares of the real estate investment trust’s stock worth $12,842,000 after purchasing an additional 56,517 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Investors Real Estate Trust by 9.8% in the second quarter. Parametric Portfolio Associates LLC now owns 293,909 shares of the real estate investment trust’s stock worth $1,825,000 after purchasing an additional 26,186 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Investors Real Estate Trust by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,819,516 shares of the real estate investment trust’s stock worth $11,299,000 after purchasing an additional 53,221 shares in the last quarter. Hedge funds and other institutional investors own 53.65% of the company’s stock.

IRET has been the subject of several recent research reports. BidaskClub downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Wednesday, November 15th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $7.00 target price on shares of Investors Real Estate Trust in a research note on Sunday, November 19th.

In other news, Director Michael T. Dance acquired 10,000 shares of Investors Real Estate Trust stock in a transaction that occurred on Thursday, January 4th. The stock was bought at an average price of $5.50 per share, with a total value of $55,000.00. Following the completion of the purchase, the director now owns 24,671 shares in the company, valued at $135,690.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Okey Decker, Jr. acquired 25,000 shares of Investors Real Estate Trust stock in a transaction that occurred on Wednesday, January 3rd. The shares were purchased at an average cost of $5.58 per share, with a total value of $139,500.00. Following the purchase, the chief executive officer now owns 140,985 shares of the company’s stock, valued at approximately $786,696.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 90,900 shares of company stock valued at $555,335. 1.04% of the stock is owned by corporate insiders.

Investors Real Estate Trust (IRET) opened at $5.05 on Tuesday. The firm has a market cap of $606.19, a PE ratio of 11.74, a PEG ratio of 2.40 and a beta of 0.75. Investors Real Estate Trust has a 12 month low of $4.87 and a 12 month high of $6.75. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.17 and a quick ratio of 0.17.

Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings data on Monday, December 11th. The real estate investment trust reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $53.92 million during the quarter, compared to analysts’ expectations of $53.69 million. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. Investors Real Estate Trust’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share. equities research analysts expect that Investors Real Estate Trust will post 0.35 EPS for the current fiscal year.

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Investors Real Estate Trust 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.

Want to see what other hedge funds are holding IRET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Investors Real Estate Trust (NYSE:IRET).

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

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