Investors Real Estate Trust (NYSE:IRET) Director Michael T. Dance bought 9,000 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The shares were purchased at an average cost of $5.01 per share, for a total transaction of $45,090.00. Following the purchase, the director now owns 33,695 shares in the company, valued at approximately $168,811.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Investors Real Estate Trust (IRET) opened at $5.10 on Friday. Investors Real Estate Trust has a 12 month low of $4.61 and a 12 month high of $6.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $603.79, a PE ratio of 12.57, a P/E/G ratio of 2.31 and a beta of 0.89.

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The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.49%. The ex-dividend date is Wednesday, March 14th. Investors Real Estate Trust’s payout ratio is 21.71%.

IRET has been the topic of several research reports. Zacks Investment Research raised Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Friday. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Robert W. Baird set a $6.00 target price on Investors Real Estate Trust and gave the stock a “hold” rating in a research note on Friday, March 2nd.

Hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new stake in Investors Real Estate Trust in the 4th quarter valued at about $108,000. Aperio Group LLC raised its position in Investors Real Estate Trust by 86.4% in the 3rd quarter. Aperio Group LLC now owns 28,150 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 13,052 shares in the last quarter. SG Americas Securities LLC raised its position in Investors Real Estate Trust by 68.8% in the 3rd quarter. SG Americas Securities LLC now owns 30,118 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 12,280 shares in the last quarter. Stockman Wealth Management Inc. acquired a new stake in Investors Real Estate Trust in the 4th quarter valued at about $185,000. Finally, Jane Street Group LLC acquired a new stake in Investors Real Estate Trust in the 4th quarter valued at about $205,000. 57.55% of the stock is currently owned by institutional investors.

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Investors Real Estate Trust Company Profile

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.

Insider Buying and Selling by Quarter for Investors Real Estate Trust (NYSE:IRET)

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