Security National Bank of Sioux City Iowa IA Sells 187 Shares of Investors Real Estate Trust (IRET)

Security National Bank of Sioux City Iowa IA lowered its stake in Investors Real Estate Trust (NYSE:IRET) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,858 shares of the real estate investment trust’s stock after selling 187 shares during the period. Security National Bank of Sioux City Iowa IA owned approximately 0.12% of Investors Real Estate Trust worth $931,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Investors Real Estate Trust in the second quarter valued at approximately $100,000. Neuberger Berman Group LLC boosted its stake in shares of Investors Real Estate Trust by 29.4% in the first quarter. Neuberger Berman Group LLC now owns 18,553 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 4,213 shares in the last quarter. Creative Planning boosted its stake in shares of Investors Real Estate Trust by 43.4% in the second quarter. Creative Planning now owns 19,088 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 5,775 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Investors Real Estate Trust in the second quarter valued at approximately $126,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Investors Real Estate Trust in the second quarter valued at approximately $128,000. 53.05% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on IRET shares. ValuEngine upgraded Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. BidaskClub downgraded Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th.

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Investors Real Estate Trust (IRET) traded up 0.729% during mid-day trading on Tuesday, hitting $6.215. The company had a trading volume of 179,725 shares. Investors Real Estate Trust has a 52-week low of $5.60 and a 52-week high of $7.28. The firm has a market cap of $749.44 million, a P/E ratio of 17.757 and a beta of 0.79. The stock’s 50 day moving average price is $6.06 and its 200 day moving average price is $6.07.

Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The firm had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $50.76 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that Investors Real Estate Trust will post ($0.45) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Thursday, September 14th. Investors Real Estate Trust’s dividend payout ratio is currently 80.00%.

About Investors Real Estate Trust

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.

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

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