Zacks Investment Research cut shares of Investors Real Estate Trust (NYSE:IRET) from a hold rating to a sell rating in a research report released on Thursday.

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

Several other equities research analysts have also weighed in on IRET. ValuEngine lowered Investors Real Estate Trust from a buy rating to a hold rating in a research report on Tuesday, May 23rd. BidaskClub lowered Investors Real Estate Trust from a hold rating to a sell rating in a research report on Friday, July 28th.

Investors Real Estate Trust (NYSE IRET) opened at 5.87 on Thursday. The company has a 50-day moving average of $6.15 and a 200-day moving average of $6.08. Investors Real Estate Trust has a 52-week low of $5.60 and a 52-week high of $7.28. The stock has a market capitalization of $707.84 million, a price-to-earnings ratio of 16.82 and a beta of 0.79.

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 Thomson Reuters’ consensus estimate of $0.10. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The firm had revenue of $52.70 million for the quarter, compared to analyst estimates of $50.76 million. During the same period last year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts expect that Investors Real Estate Trust will post ($0.01) EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.07 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 4.77%. Investors Real Estate Trust’s payout ratio is 80.00%.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Investors Real Estate Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 19,554,774 shares of the real estate investment trust’s stock worth $115,960,000 after purchasing an additional 340,851 shares in the last quarter. State Street Corp grew its stake in shares of Investors Real Estate Trust by 5.4% in the second quarter. State Street Corp now owns 2,778,387 shares of the real estate investment trust’s stock worth $17,253,000 after purchasing an additional 142,589 shares in the last quarter. Northern Trust Corp grew its stake in shares of Investors Real Estate Trust by 2.8% in the second quarter. Northern Trust Corp now owns 2,067,920 shares of the real estate investment trust’s stock worth $12,842,000 after purchasing an additional 56,517 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Investors Real Estate Trust by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,819,516 shares of the real estate investment trust’s stock worth $11,299,000 after purchasing an additional 53,221 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Investors Real Estate Trust by 30.7% in the first quarter. Wells Fargo & Company MN now owns 1,285,951 shares of the real estate investment trust’s stock worth $7,625,000 after purchasing an additional 301,721 shares in the last quarter. 53.05% of the stock is owned by institutional investors.

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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