First Trust Advisors LP trimmed its stake in shares of Investors Real Estate Trust (NYSE:IRET) by 88.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,904 shares of the real estate investment trust’s stock after selling 265,877 shares during the quarter. First Trust Advisors LP’s holdings in Investors Real Estate Trust were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its stake in Investors Real Estate Trust by 4.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,138 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 1,248 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Investors Real Estate Trust by 0.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock valued at $1,588,000 after acquiring an additional 2,068 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Investors Real Estate Trust by 2.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 115,670 shares of the real estate investment trust’s stock valued at $686,000 after acquiring an additional 3,092 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Investors Real Estate Trust by 29.4% during the 1st quarter. Neuberger Berman Group LLC now owns 18,553 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 4,213 shares during the last quarter. Finally, American International Group Inc. boosted its stake in Investors Real Estate Trust by 7.2% during the 1st quarter. American International Group Inc. now owns 74,694 shares of the real estate investment trust’s stock valued at $443,000 after acquiring an additional 5,007 shares during the last quarter. Hedge funds and other institutional investors own 53.05% of the company’s stock.

Investors Real Estate Trust (NYSE IRET) opened at 6.11 on Friday. The firm’s 50-day moving average is $6.13 and its 200-day moving average is $6.06. Investors Real Estate Trust has a 1-year low of $5.60 and a 1-year high of $7.28. The company has a market capitalization of $736.78 million, a P/E ratio of 17.46 and a beta of 0.79.

Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $52.70 million for the quarter, compared to the consensus estimate of $50.76 million. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. Investors Real Estate Trust’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. Equities research analysts predict that Investors Real Estate Trust will post ($0.01) EPS for the current year.

The business also recently disclosed 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 4.58%. Investors Real Estate Trust’s payout ratio is 80.00%.

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A number of research firms have commented on IRET. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine downgraded shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, BidaskClub downgraded shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

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.

Institutional Ownership by Quarter for Investors Real Estate Trust (NYSE:IRET)

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