Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit (NYSE:IRET) from a hold rating to a buy rating in a research note published on Saturday morning, Zacks.com reports. They currently have $77.00 price target on the real estate investment trust’s stock.

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

A number of other research firms also recently weighed in on IRET. Compass Point started coverage on Investors Real Estate Trust Reit in a research report on Monday, July 22nd. They set a buy rating and a $67.50 target price for the company. DA Davidson restated a buy rating on shares of Investors Real Estate Trust Reit in a research report on Monday, July 29th. ValuEngine upgraded Investors Real Estate Trust Reit from a hold rating to a buy rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets started coverage on Investors Real Estate Trust Reit in a research report on Friday, June 14th. They set an outperform rating and a $60.25 target price for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $68.25.

IRET stock opened at $67.47 on Friday. Investors Real Estate Trust Reit has a twelve month low of $46.30 and a twelve month high of $69.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average price is $61.71.

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Investors Real Estate Trust Reit in the fourth quarter valued at about $8,449,000. Russell Investments Group Ltd. grew its stake in Investors Real Estate Trust Reit by 53.6% in the second quarter. Russell Investments Group Ltd. now owns 266,150 shares of the real estate investment trust’s stock valued at $15,612,000 after acquiring an additional 92,886 shares during the period. Martingale Asset Management L P grew its stake in Investors Real Estate Trust Reit by 466.8% in the first quarter. Martingale Asset Management L P now owns 67,088 shares of the real estate investment trust’s stock valued at $4,020,000 after acquiring an additional 55,252 shares during the period. Renaissance Technologies LLC grew its stake in Investors Real Estate Trust Reit by 6.3% in the second quarter. Renaissance Technologies LLC now owns 550,889 shares of the real estate investment trust’s stock valued at $32,321,000 after acquiring an additional 32,700 shares during the period. Finally, Boston Partners grew its stake in Investors Real Estate Trust Reit by 24.8% in the first quarter. Boston Partners now owns 97,078 shares of the real estate investment trust’s stock valued at $5,816,000 after acquiring an additional 19,265 shares during the period. Institutional investors own 61.64% of the company’s stock.

Investors Real Estate Trust Reit Company Profile

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of December 31, 2018, IRET owned interests in 87 apartment communities consisting of 13,702 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).

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Analyst Recommendations for Investors Real Estate Trust Reit (NYSE:IRET)

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