Schwab Charles Investment Management Inc. increased its stake in shares of Investors Real Estate Trust (NYSE:IRET) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 817,201 shares of the real estate investment trust’s stock after buying an additional 28,829 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Investors Real Estate Trust were worth $4,847,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in IRET. Norges Bank bought a new position in Investors Real Estate Trust during the fourth quarter valued at approximately $9,363,000. Teachers Advisors LLC boosted its position in Investors Real Estate Trust by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 200,500 shares of the real estate investment trust’s stock valued at $1,430,000 after buying an additional 3,981 shares during the last quarter. Wells Fargo & Company MN boosted its position in 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 valued at $7,625,000 after buying an additional 301,721 shares during the last quarter. Grace & White Inc. NY boosted its position in Investors Real Estate Trust by 8.4% in the first quarter. Grace & White Inc. NY now owns 932,946 shares of the real estate investment trust’s stock valued at $5,532,000 after buying an additional 72,480 shares during the last quarter. Finally, LSV Asset Management bought a new position in Investors Real Estate Trust during the first quarter valued at approximately $211,000. 53.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Investors Real Estate Trust (NYSE:IRET) traded down 1.15% during trading on Friday, hitting $6.03. 437,778 shares of the stock traded hands. The company has a 50 day moving average of $6.19 and a 200-day moving average of $6.15. 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 cap of $727.35 million, a PE ratio of 23.28 and a beta of 0.80.

Investors Real Estate Trust (NYSE:IRET) last released its earnings results on Wednesday, June 28th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Investors Real Estate Trust had a net margin of 21.07% and a negative return on equity of 2.51%. The company had revenue of $54.34 million for the quarter, compared to the consensus estimate of $51.36 million. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Investors Real Estate Trust will post ($0.01) EPS for the current fiscal year.

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Several equities analysts have recently issued reports on IRET shares. Zacks Investment Research raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine cut shares of Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, BidaskClub cut shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Investors Real Estate Trust presently has a consensus rating of “Hold” and an average price target of $6.51.

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

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