Investors Real Estate Trust (IRET) Receives “Hold” Rating from Robert W. Baird

Investors Real Estate Trust (NYSE:IRET)‘s stock had its “hold” rating reaffirmed by research analysts at Robert W. Baird in a research report issued on Sunday, November 19th. They presently have a $7.00 price target on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 19.86% from the company’s current price.

IRET has been the subject of a number of other reports. Zacks Investment Research upgraded Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub upgraded Investors Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, ValuEngine downgraded Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.67.

Investors Real Estate Trust (NYSE:IRET) traded down $0.10 on Friday, hitting $5.84. The stock had a trading volume of 563,169 shares, compared to its average volume of 442,455. The firm has a market cap of $712.67, a price-to-earnings ratio of 13.13, a P/E/G ratio of 2.63 and a beta of 0.81. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.04. Investors Real Estate Trust has a 12 month low of $5.60 and a 12 month high of $7.28.

Investors Real Estate Trust (NYSE:IRET) last released its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Investors Real Estate Trust had a return on equity of 0.11% and a net margin of 25.72%. The business had revenue of $52.70 million for the quarter, compared to analyst estimates of $50.76 million. During the same period last year, the firm posted $0.12 earnings per share. Investors Real Estate Trust’s revenue was up 6.3% compared to the same quarter last year. equities analysts anticipate that Investors Real Estate Trust will post 0.38 EPS for the current year.

A number of hedge funds have recently modified their holdings of IRET. Campbell & CO Investment Adviser LLC bought a new stake in shares of Investors Real Estate Trust during the second quarter valued at approximately $100,000. Creative Planning boosted its position in shares of Investors Real Estate Trust by 43.4% during the second quarter. Creative Planning now owns 19,088 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 5,775 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Investors Real Estate Trust during the second quarter valued at approximately $126,000. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Investors Real Estate Trust during the second quarter valued at approximately $128,000. Finally, Neuberger Berman Group LLC boosted its position in shares of Investors Real Estate Trust by 17.3% during the second quarter. Neuberger Berman Group LLC now owns 21,754 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 3,201 shares during the last quarter. Institutional investors and hedge funds own 53.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.thelincolnianonline.com/2017/12/07/investors-real-estate-trusts-iret-hold-rating-reiterated-at-robert-w-baird-updated-updated.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.

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.

Leave a Reply