Investors Real Estate Trust (NYSE:IRET) Director Emily Nagle Green acquired 3,100 shares of the stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $4.89 per share, with a total value of $15,159.00. Following the transaction, the director now directly owns 8,264 shares of the company’s stock, valued at approximately $40,410.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NYSE IRET opened at $5.32 on Friday. Investors Real Estate Trust has a 12 month low of $4.61 and a 12 month high of $6.75. The firm has a market capitalization of $641.00, a PE ratio of 11.32, a P/E/G ratio of 2.45 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 5.26%. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently 59.57%.
A number of equities analysts recently commented on IRET shares. Zacks Investment Research downgraded Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine downgraded Investors Real Estate Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Robert W. Baird set a $6.00 price objective on Investors Real Estate Trust and gave the stock a “hold” rating in a report on Friday, March 2nd.
Institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new stake in shares of Investors Real Estate Trust during the fourth quarter valued at $108,000. Aperio Group LLC boosted its position in shares of Investors Real Estate Trust by 86.4% during the third quarter. Aperio Group LLC now owns 28,150 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 13,052 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Investors Real Estate Trust by 68.8% during 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 buying an additional 12,280 shares during the last quarter. Stockman Wealth Management Inc. purchased a new stake in shares of Investors Real Estate Trust during the fourth quarter valued at $185,000. Finally, Jane Street Group LLC purchased a new stake in shares of Investors Real Estate Trust during the fourth quarter valued at $205,000. 57.55% of the stock is currently owned by institutional investors.
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About Investors Real Estate Trust
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of multifamily apartment communities. As of January 31, 2018, IRET owned interests in 89 multifamily properties consisting of 13,786 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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