UBS Asset Management Americas Inc. Buys 39,716 Shares of Investors Real Estate Trust (NYSE:IRET)

UBS Asset Management Americas Inc. raised its position in shares of Investors Real Estate Trust (NYSE:IRET) by 21.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,021 shares of the real estate investment trust’s stock after buying an additional 39,716 shares during the period. UBS Asset Management Americas Inc. owned 0.18% of Investors Real Estate Trust worth $1,334,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in Investors Real Estate Trust during the fourth quarter valued at about $9,363,000. Wells Fargo & Company MN boosted its position in Investors Real Estate Trust by 30.7% in the first quarter. Wells Fargo & Company MN now owns 1,285,951 shares of the real estate investment trust’s stock valued at $7,625,000 after buying an additional 301,721 shares in the last quarter. Two Sigma Investments LP purchased a new position in Investors Real Estate Trust during the fourth quarter valued at about $2,095,000. State Street Corp boosted its position in Investors Real Estate Trust by 9.3% in the fourth quarter. State Street Corp now owns 2,469,628 shares of the real estate investment trust’s stock valued at $17,607,000 after buying an additional 209,766 shares in the last quarter. Finally, Grace & White Inc. NY boosted its position in Investors Real Estate Trust by 8.4% in the first quarter. Grace & White Inc. NY now owns 932,946 shares of the real estate investment trust’s stock valued at $5,532,000 after buying an additional 72,480 shares in the last quarter. Institutional investors own 53.01% of the company’s stock.

Shares of Investors Real Estate Trust (NYSE IRET) traded down 0.404% during trading on Tuesday, reaching $6.165. The company’s stock had a trading volume of 221,642 shares. The company’s 50 day moving average price is $6.21 and its 200 day moving average price is $6.18. The firm has a market cap of $743.63 million, a PE ratio of 23.803 and a beta of 0.80. 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 issued its earnings results on Wednesday, June 28th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $54.34 million during the quarter, compared to analysts’ expectations of $51.36 million. Investors Real Estate Trust had a negative return on equity of 2.51% and a net margin of 21.07%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, equities analysts predict that Investors Real Estate Trust will post ($0.01) earnings per share for the current year.

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Several equities analysts recently issued reports on the company. Zacks Investment Research cut Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. BidaskClub cut Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, ValuEngine cut Investors Real Estate Trust from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.51.

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.

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

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