Investors Real Estate Trust (IRET) CEO Mark Okey Decker, Jr. Acquires 25,000 Shares

Investors Real Estate Trust (NYSE:IRET) CEO Mark Okey Decker, Jr. acquired 25,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were acquired at an average price of $5.58 per share, with a total value of $139,500.00. Following the transaction, the chief executive officer now directly owns 140,985 shares of the company’s stock, valued at $786,696.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Investors Real Estate Trust (NYSE:IRET) opened at $5.53 on Friday. Investors Real Estate Trust has a 12 month low of $5.49 and a 12 month high of $7.17. The firm has a market cap of $750.17, a price-to-earnings ratio of -32.53, a PEG ratio of 2.58 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.39.

Investors Real Estate Trust (NYSE:IRET) last announced its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. The business had revenue of $53.92 million for the quarter, compared to the consensus estimate of $53.69 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts expect that Investors Real Estate Trust will post 0.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Friday, December 29th. Investors Real Estate Trust’s dividend payout ratio is currently -164.71%.

IRET has been the subject of several research reports. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Wednesday, November 15th. Robert W. Baird reiterated a “hold” rating and set a $7.00 price objective on shares of Investors Real Estate Trust in a research report on Sunday, November 19th. Finally, BidaskClub upgraded shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in Investors Real Estate Trust by 9.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 894,551 shares of the real estate investment trust’s stock worth $5,556,000 after buying an additional 77,350 shares during the period. Bank of New York Mellon Corp increased its stake in Investors Real Estate Trust by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,125,415 shares of the real estate investment trust’s stock worth $6,989,000 after buying an additional 8,512 shares during the period. Legal & General Group Plc increased its stake in Investors Real Estate Trust by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 337,737 shares of the real estate investment trust’s stock worth $2,097,000 after buying an additional 37,026 shares during the period. BNP Paribas Arbitrage SA increased its stake in Investors Real Estate Trust by 21.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 64,234 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 11,328 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in Investors Real Estate Trust by 17.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 21,754 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 3,201 shares during the period. 53.63% of the stock is currently owned by institutional investors and hedge funds.

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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.

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