ValuEngine upgraded shares of Investors Real Estate Trust (NYSE:IRET) from a hold rating to a buy rating in a research note released on Thursday morning.

Other analysts have also 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. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a sell rating to a hold rating in a research report on Friday, August 11th.

Investors Real Estate Trust (NYSE:IRET) traded down $0.18 during midday trading on Thursday, reaching $5.87. 171,670 shares of the company’s stock traded hands, compared to its average volume of 407,699. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $707.85, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 2.41 and a beta of 0.80.

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

TRADEMARK VIOLATION NOTICE: “Investors Real Estate Trust (IRET) Upgraded to “Buy” at ValuEngine” was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/investors-real-estate-trust-iret-upgraded-to-buy-at-valuengine/1681237.html.

Several institutional investors have recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of Investors Real Estate Trust by 86.4% during the 3rd quarter. Aperio Group LLC now owns 28,150 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 13,052 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Investors Real Estate Trust by 47.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 11,107 shares in the last quarter. Susquehanna International Group LLP boosted its position in Investors Real Estate Trust by 155.3% in the second quarter. Susquehanna International Group LLP now owns 473,430 shares of the real estate investment trust’s stock valued at $2,940,000 after buying an additional 287,961 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Investors Real Estate Trust by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock valued at $617,000 after buying an additional 2,371 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in Investors Real Estate Trust in the second quarter valued at about $126,000. Institutional investors and hedge funds own 53.02% 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.

Receive News & Ratings for Investors Real Estate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Real Estate Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.