Investors Real Estate Trust (NYSE:IRET) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $6.50 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.30% from the company’s current price.

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

Other research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th.

Investors Real Estate Trust (IRET) opened at $5.84 on Wednesday. The firm has a market cap of $796.79, a P/E ratio of 13.09, a P/E/G ratio of 2.41 and a beta of 0.80. Investors Real Estate Trust has a 52-week low of $5.60 and a 52-week high of $7.28. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.04.

Investors Real Estate Trust (NYSE:IRET) last released its quarterly 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 net margin of 25.72% and a return on equity of 0.11%. The business had revenue of $52.70 million for the quarter, compared to the consensus estimate of $50.76 million. During the same period last year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. equities analysts expect that Investors Real Estate Trust will post 0.41 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC bought a new position in Investors Real Estate Trust in the second quarter worth approximately $100,000. Creative Planning raised its position in shares of Investors Real Estate Trust by 43.4% during the 2nd quarter. Creative Planning now owns 19,088 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 5,775 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of Investors Real Estate Trust during the 2nd quarter valued at $126,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Investors Real Estate Trust during the 2nd quarter valued at $128,000. Finally, Neuberger Berman Group LLC raised its position in shares of Investors Real Estate Trust by 17.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 21,754 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 3,201 shares during the period. Institutional investors and hedge funds own 53.05% 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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