Virginia Retirement Systems ET AL increased its position in INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET) by 77.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,600 shares of the real estate investment trust’s stock after purchasing an additional 99,800 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.19% of INVESTORS REAL ESTATE TRUST REIT Common Stock worth $1,264,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock during the 1st quarter worth about $149,000. Raymond James Financial Services Advisors Inc. grew its position in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock by 167.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 29,190 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 18,257 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock by 131.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 35,416 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 20,092 shares during the period. Jane Street Group LLC acquired a new position in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock during the 4th quarter worth about $205,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of INVESTORS REAL ESTATE TRUST REIT Common Stock during the 2nd quarter worth about $220,000. Hedge funds and other institutional investors own 56.93% of the company’s stock.

Separately, Zacks Investment Research lowered INVESTORS REAL ESTATE TRUST REIT Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th.

Shares of IRET opened at $5.43 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.56 and a quick ratio of 0.56. INVESTORS REAL ESTATE TRUST REIT Common Stock has a 52-week low of $4.61 and a 52-week high of $6.38. The company has a market capitalization of $641.14 million, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 2.49 and a beta of 0.78.

INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET) last issued its quarterly earnings data on Wednesday, June 27th. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.15). INVESTORS REAL ESTATE TRUST REIT Common Stock had a net margin of 60.17% and a negative return on equity of 7.70%. The business had revenue of $44.19 million during the quarter, compared to analyst estimates of $43.93 million. equities analysts forecast that INVESTORS REAL ESTATE TRUST REIT Common Stock will post 0.36 EPS for the current year.

In other news, CFO John Kirchmann bought 18,000 shares of the business’s stock in a transaction on Thursday, July 12th. The shares were purchased at an average price of $5.49 per share, for a total transaction of $98,820.00. Following the purchase, the chief financial officer now owns 49,571 shares of the company’s stock, valued at approximately $272,144.79. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Okey Decker, Jr. bought 9,000 shares of the business’s stock in a transaction on Tuesday, July 3rd. The stock was purchased at an average price of $5.55 per share, for a total transaction of $49,950.00. Following the purchase, the chief executive officer now directly owns 172,085 shares in the company, valued at approximately $955,071.75. The disclosure for this purchase can be found here. Insiders purchased a total of 35,662 shares of company stock valued at $195,149 over the last quarter. 0.85% of the stock is owned by insiders.

About INVESTORS REAL ESTATE TRUST REIT Common Stock

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of April 30, 2018, IRET owned interests in 90 apartment communities consisting of 14,176 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).

See Also: Analyst Ratings

Institutional Ownership by Quarter for INVESTORS REAL ESTATE TRUST REIT Common Stock (NYSE:IRET)

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