Investors Real Estate Trust Reit (IRET) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Investors Real Estate Trust Reit (NYSE:IRET) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

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

A number of other equities analysts have also issued reports on the stock. Robert W. Baird raised shares of Investors Real Estate Trust Reit from a neutral rating to an outperform rating in a research report on Tuesday, September 25th. Boenning Scattergood initiated coverage on shares of Investors Real Estate Trust Reit in a research note on Monday, September 17th. They set a neutral rating on the stock.

Shares of IRET stock opened at $5.33 on Wednesday. Investors Real Estate Trust Reit has a 1 year low of $4.61 and a 1 year high of $6.08. The firm has a market cap of $628.61 million, a P/E ratio of 14.03, a P/E/G ratio of 2.50 and a beta of 0.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.72 and a current ratio of 0.72.

Investors Real Estate Trust Reit (NYSE:IRET) last announced its earnings results on Monday, September 10th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). Investors Real Estate Trust Reit had a negative return on equity of 4.92% and a net margin of 69.92%. The company had revenue of $45.95 million for the quarter, compared to the consensus estimate of $44.94 million. Analysts predict that Investors Real Estate Trust Reit will post 0.35 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Investors Real Estate Trust Reit by 67.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,346 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 9,371 shares in the last quarter. Jane Street Group LLC boosted its stake in Investors Real Estate Trust Reit by 80.8% during the third quarter. Jane Street Group LLC now owns 20,970 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 9,373 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Investors Real Estate Trust Reit by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,967,844 shares of the real estate investment trust’s stock worth $11,767,000 after buying an additional 12,224 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Investors Real Estate Trust Reit by 35.4% during the third quarter. Macquarie Group Ltd. now owns 53,600 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 14,000 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Investors Real Estate Trust Reit by 82.8% during the second quarter. SG Americas Securities LLC now owns 33,104 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 14,990 shares in the last quarter. Hedge funds and other institutional investors own 56.27% of the company’s stock.

About Investors Real Estate Trust Reit

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of July 31, 2018, we owned interests in 87 apartment communities consisting of 13,703 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: "IRET" and "IRET PRC," respectively).

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