Investors Real Estate Trust Reit (IRET) Shares Bought by Axa

Axa raised its holdings in Investors Real Estate Trust Reit (NYSE:IRET) by 257.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 389,900 shares of the real estate investment trust’s stock after acquiring an additional 280,860 shares during the quarter. Axa owned 0.33% of Investors Real Estate Trust Reit worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Aperio Group LLC increased its stake in shares of Investors Real Estate Trust Reit by 85.5% in the 2nd quarter. Aperio Group LLC now owns 114,794 shares of the real estate investment trust’s stock worth $635,000 after purchasing an additional 52,905 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Investors Real Estate Trust Reit by 167.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 29,190 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 18,257 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in Investors Real Estate Trust Reit by 77.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 228,600 shares of the real estate investment trust’s stock worth $1,264,000 after buying an additional 99,800 shares in the last quarter. KBC Group NV increased its stake in Investors Real Estate Trust Reit by 1,266.9% in the 2nd quarter. KBC Group NV now owns 393,324 shares of the real estate investment trust’s stock worth $2,175,000 after buying an additional 364,549 shares in the last quarter. Finally, Boston Partners purchased a new stake in Investors Real Estate Trust Reit in the 2nd quarter worth $2,133,000. 57.57% of the stock is owned by institutional investors.

A number of brokerages have issued reports on IRET. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Boenning Scattergood began coverage on Investors Real Estate Trust Reit in a research note on Monday, September 17th. They issued a “neutral” rating for the company. Finally, Robert W. Baird upgraded Investors Real Estate Trust Reit from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 25th.

Shares of IRET stock opened at $5.31 on Tuesday. Investors Real Estate Trust Reit has a 52-week low of $4.61 and a 52-week high of $6.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $636.97 million, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.54 and a beta of 0.76.

Investors Real Estate Trust Reit (NYSE:IRET) last issued its quarterly 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 business had revenue of $45.95 million during the quarter, compared to analysts’ expectations of $44.94 million. Analysts expect that Investors Real Estate Trust Reit will post 0.35 EPS for the current year.

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Investors Real Estate Trust Reit Profile

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

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