UBS Asset Management Americas Inc. lifted its position in shares of Investors Real Estate Trust (NYSE:IRET) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,875 shares of the real estate investment trust’s stock after buying an additional 24,831 shares during the period. UBS Asset Management Americas Inc. owned about 0.20% of Investors Real Estate Trust worth $1,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IRET. Aperio Group LLC raised its holdings 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 buying an additional 13,052 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Investors Real Estate Trust by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,137,298 shares of the real estate investment trust’s stock worth $6,949,000 after purchasing an additional 11,883 shares during the period. SG Americas Securities LLC increased its stake in Investors Real Estate Trust by 68.8% in the 3rd 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. D.A. Davidson & CO. increased its stake in Investors Real Estate Trust by 4.9% in the 3rd quarter. D.A. Davidson & CO. now owns 740,959 shares of the real estate investment trust’s stock worth $4,527,000 after purchasing an additional 34,866 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new position in Investors Real Estate Trust in the 3rd quarter worth approximately $510,000. 57.55% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

Investors Real Estate Trust stock opened at $5.03 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $606.19, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89. Investors Real Estate Trust has a 12 month low of $4.61 and a 12 month high of $6.75.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.28 dividend on an annualized basis and a yield of 5.57%. Investors Real Estate Trust’s dividend payout ratio (DPR) is currently 21.71%.

In other Investors Real Estate Trust news, CEO Mark Okey Decker, Jr. bought 25,000 shares of Investors Real Estate Trust stock in a transaction dated Wednesday, January 3rd. The shares were purchased at an average cost of $5.58 per share, with a total value of $139,500.00. Following the completion of the purchase, the chief executive officer now owns 140,985 shares of the company’s stock, valued at $786,696.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Dance bought 2,000 shares of Investors Real Estate Trust stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of $24.95 per share, for a total transaction of $49,900.00. The disclosure for this purchase can be found here. Insiders acquired a total of 62,400 shares of company stock worth $376,510 over the last ninety days. Insiders own 1.04% of the company’s stock.

IRET has been the topic of a number of analyst reports. Zacks Investment Research cut Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. ValuEngine cut Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird set a $6.00 price target on Investors Real Estate Trust and gave the stock a “hold” rating in a research note on Friday, March 2nd.

COPYRIGHT VIOLATION NOTICE: “UBS Asset Management Americas Inc. Increases Position in Investors Real Estate Trust (IRET)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/ubs-asset-management-americas-inc-increases-position-in-investors-real-estate-trust-iret/1956407.html.

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.

Want to see what other hedge funds are holding IRET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Investors Real Estate Trust (NYSE:IRET).

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

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 MarketBeat.com's FREE daily email newsletter.