Fox Run Management L.L.C. Acquires Shares of 18,975 Investors Real Estate Trust (IRET)

Fox Run Management L.L.C. acquired a new stake in Investors Real Estate Trust (NYSE:IRET) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,975 shares of the real estate investment trust’s stock, valued at approximately $108,000.

Other large investors have also recently made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new stake in Investors Real Estate Trust in the second quarter valued at about $126,000. Aperio Group LLC lifted its position in Investors Real Estate Trust by 86.4% in the third quarter. Aperio Group LLC now owns 28,150 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 13,052 shares during the period. SG Americas Securities LLC lifted its position in Investors Real Estate Trust by 68.8% in the third quarter. SG Americas Securities LLC now owns 30,118 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 12,280 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in Investors Real Estate Trust by 47.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 11,107 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Investors Real Estate Trust by 33.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 52,705 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 13,313 shares during the period. Hedge funds and other institutional investors own 53.72% of the company’s stock.

Shares of Investors Real Estate Trust (NYSE IRET) opened at $5.60 on Wednesday. Investors Real Estate Trust has a 12-month low of $5.49 and a 12-month high of $6.75. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $680.61, a P/E ratio of 16.97, a PEG ratio of 2.70 and a beta of 0.82.

Investors Real Estate Trust (NYSE:IRET) last posted its quarterly earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $53.92 million during the quarter, compared to the consensus estimate of $53.69 million. During the same period last year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts anticipate that Investors Real Estate Trust will post 0.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.07 per share. The ex-dividend date was Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.00%. Investors Real Estate Trust’s payout ratio is 84.85%.

In related news, Director Michael T. Dance purchased 10,000 shares of Investors Real Estate Trust stock in a transaction dated Thursday, January 4th. The stock was bought at an average cost of $5.50 per share, for a total transaction of $55,000.00. Following the transaction, the director now owns 24,671 shares in the company, valued at $135,690.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael T. Dance purchased 2,000 shares of Investors Real Estate Trust stock in a transaction dated Thursday, January 18th. The shares were bought at an average price of $24.95 per share, with a total value of $49,900.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 84,000 shares of company stock valued at $516,350. Insiders own 1.04% of the company’s stock.

A number of equities research analysts recently commented on the stock. 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 downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. BidaskClub downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird restated a “hold” rating and issued a $7.00 price objective on shares of Investors Real Estate Trust in a research report on Sunday, November 19th.

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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.

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

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