Quantamental Technologies LLC Purchases New Stake in Investors Real Estate Trust Reit (IRET)

Quantamental Technologies LLC purchased a new position in shares of Investors Real Estate Trust Reit (NYSE:IRET) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 743 shares of the real estate investment trust’s stock, valued at approximately $36,000.

Other large investors have also added to or reduced their stakes in the company. Citadel Advisors LLC increased its position in Investors Real Estate Trust Reit by 24.2% during the third quarter. Citadel Advisors LLC now owns 120,431 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 23,466 shares during the period. JPMorgan Chase & Co. grew its stake in Investors Real Estate Trust Reit by 97.8% during the third quarter. JPMorgan Chase & Co. now owns 304,557 shares of the real estate investment trust’s stock worth $1,821,000 after buying an additional 150,586 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Investors Real Estate Trust Reit by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,955,620 shares of the real estate investment trust’s stock worth $10,815,000 after buying an additional 18,101 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Investors Real Estate Trust Reit by 158.7% during the third quarter. Russell Investments Group Ltd. now owns 1,589,581 shares of the real estate investment trust’s stock worth $9,506,000 after buying an additional 975,173 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in Investors Real Estate Trust Reit by 52.4% during the third quarter. MetLife Investment Advisors LLC now owns 87,204 shares of the real estate investment trust’s stock worth $521,000 after buying an additional 29,994 shares in the last quarter.

In related news, Director Mary J. Twinem purchased 1,025 shares of Investors Real Estate Trust Reit stock in a transaction dated Monday, December 31st. The shares were bought at an average cost of $48.43 per share, for a total transaction of $49,640.75. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael T. Dance purchased 1,000 shares of Investors Real Estate Trust Reit stock in a transaction dated Monday, December 31st. The stock was bought at an average price of $47.32 per share, for a total transaction of $47,320.00. The disclosure for this purchase can be found here. Insiders have acquired 35,713 shares of company stock worth $271,109 over the last quarter. Corporate insiders own 0.85% of the company’s stock.

Shares of Investors Real Estate Trust Reit stock opened at $59.28 on Wednesday. The stock has a market cap of $714.31 million, a price-to-earnings ratio of 15.58, a PEG ratio of 2.80 and a beta of 0.95. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.64 and a current ratio of 0.64. Investors Real Estate Trust Reit has a 12-month low of $46.10 and a 12-month high of $60.00.

Investors Real Estate Trust Reit (NYSE:IRET) last announced its quarterly earnings data on Monday, December 10th. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.05. The firm had revenue of $45.64 million for the quarter, compared to the consensus estimate of $45.26 million. Investors Real Estate Trust Reit had a net margin of 63.45% and a negative return on equity of 5.78%. On average, analysts predict that Investors Real Estate Trust Reit will post 3.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 0.47%. Investors Real Estate Trust Reit’s payout ratio is 73.68%.

A number of brokerages have issued reports on IRET. Zacks Investment Research downgraded shares of Investors Real Estate Trust Reit from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded shares of Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a research note on Monday, December 17th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Investors Real Estate Trust Reit in a research note on Tuesday, December 11th.

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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 October 31, 2018, we owned interests in 87 apartment communities consisting of 13,702 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).

Featured Story: Ex-Dividend

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

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