BidaskClub Lowers Investors Real Estate Trust (IRET) to Sell

BidaskClub cut shares of Investors Real Estate Trust (NYSE:IRET) from a hold rating to a sell rating in a report published on Wednesday, October 25th.

A number of other equities research analysts have also recently weighed in on IRET. ValuEngine raised Investors Real Estate Trust from a hold rating to a buy rating in a report on Monday, September 11th. Zacks Investment Research cut Investors Real Estate Trust from a hold rating to a sell rating in a report on Thursday, September 14th.

Investors Real Estate Trust (NYSE:IRET) traded down $0.03 during mid-day trading on Wednesday, hitting $5.89. 265,200 shares of the company were exchanged, compared to its average volume of 451,284. The stock has a market capitalization of $798.18, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80. Investors Real Estate Trust has a 12-month low of $5.60 and a 12-month high of $7.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.23 and a quick ratio of 0.23.

Investors Real Estate Trust (NYSE:IRET) last issued its earnings results on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $52.70 million for the quarter, compared to analyst estimates of $50.76 million. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. sell-side analysts forecast that Investors Real Estate Trust will post 0.41 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in Investors Real Estate Trust by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock worth $1,588,000 after acquiring an additional 2,068 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Investors Real Estate Trust by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 2,371 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Investors Real Estate Trust by 17.3% during the second quarter. Neuberger Berman Group LLC now owns 21,754 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 3,201 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Investors Real Estate Trust by 5.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 95,291 shares of the real estate investment trust’s stock worth $592,000 after acquiring an additional 4,552 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Investors Real Estate Trust by 6.8% during the second quarter. Voya Investment Management LLC now owns 73,996 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 4,685 shares in the last quarter. Institutional investors and hedge funds own 53.01% of the company’s stock.

About Investors Real Estate Trust

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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