Investors Real Estate Trust (NYSE:IRET) CFO John Kirchmann purchased 6,900 shares of the business’s stock in a transaction on Friday, January 26th. The shares were acquired at an average price of $5.65 per share, with a total value of $38,985.00. Following the completion of the transaction, the chief financial officer now owns 31,571 shares of the company’s stock, valued at $178,376.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

John Kirchmann also recently made the following trade(s):

  • On Thursday, December 27th, John Kirchmann purchased 1,000 shares of Investors Real Estate Trust stock. The shares were acquired at an average price of $5.70 per share, with a total value of $5,700.00.
  • On Wednesday, December 27th, John Kirchmann purchased 1,000 shares of Investors Real Estate Trust stock. The shares were acquired at an average price of $5.70 per share, with a total value of $5,700.00.

Shares of Investors Real Estate Trust (IRET) opened at $5.58 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $680.61 and a PE ratio of 16.91. Investors Real Estate Trust has a 1-year low of $5.49 and a 1-year high of $6.75.

Investors Real Estate Trust (NYSE:IRET) last posted its earnings results on Monday, December 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The company had revenue of $53.92 million during the quarter, compared to analyst estimates of $53.69 million. Investors Real Estate Trust had a net margin of 25.90% and a negative return on equity of 1.91%. Investors Real Estate Trust’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. research analysts predict that Investors Real Estate Trust will post 0.35 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.07 per share. The ex-dividend date was Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.02%. Investors Real Estate Trust’s dividend payout ratio is currently 84.85%.

IRET has been the subject of several analyst reports. BidaskClub lowered shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Wednesday, November 15th. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird restated a “hold” rating and set a $7.00 price target on shares of Investors Real Estate Trust in a research report on Sunday, November 19th.

Institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new stake in shares of Investors Real Estate Trust during the fourth quarter worth about $108,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Investors Real Estate Trust during the second quarter worth about $126,000. Aperio Group LLC boosted its holdings in shares of Investors Real Estate Trust by 86.4% during the third quarter. Aperio Group LLC now owns 28,150 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 13,052 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Investors Real Estate Trust by 68.8% during the third quarter. SG Americas Securities LLC now owns 30,118 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 12,280 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Investors Real Estate Trust by 47.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 34,733 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 11,107 shares during the period. Institutional investors own 53.72% of the company’s stock.

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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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