The Independent Portfolio Consultants Inc. Sold shares of Investors Real Estate Trust (IRET)

The Independent Portfolio Consultants Inc. Sold shares of Investors Real Estate Trust (IRET)

Independent Portfolio Consultants Inc. lowered its position in shares of Investors Real Estate Trust (NYSE:IRET) by 5.5% during the third quarter, Holdings Channel reports. The institutional investor owned 22,230 shares of the real estate investment trust’s stock after selling 1,295 shares during the period. Independent Portfolio Consultants Inc.’s holdings in Investors Real Estate Trust were worth $132,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Investors Real Estate Trust by 11.7% in the second quarter. Teacher Retirement System of Texas now owns 17,220 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,805 shares during the period. Advisor Group Inc. acquired a new stake in Investors Real Estate Trust during the second quarter worth about $128,000. Quantitative Systematic Strategies LLC increased its stake in Investors Real Estate Trust by 8.6% in the second quarter. Quantitative Systematic Strategies LLC now owns 22,720 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 1,803 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake in Investors Real Estate Trust by 1.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 23,499 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 302 shares during the period. Finally, Breton Hill Capital Ltd. increased its stake in Investors Real Estate Trust by 24.3% in the second quarter. Breton Hill Capital Ltd. now owns 26,421 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 5,172 shares during the period. 48.89% of the stock is owned by institutional investors.

Investors Real Estate Trust (NYSE:IRET) traded up 1.37% during trading on Friday, hitting $6.65. The stock had a trading volume of 313,575 shares. The company’s 50-day moving average is $6.16 and its 200 day moving average is $6.28. The firm has a market cap of $808.18 million, a PE ratio of 26.49 and a beta of 0.82. Investors Real Estate Trust has a 52 week low of $5.60 and a 52 week high of $8.24.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Tuesday, November 15th. Robert W. Baird set a $6.00 target price on shares of Investors Real Estate Trust and gave the stock a “hold” rating in a research report on Tuesday, September 13th. DA Davidson decreased their price target on Investors Real Estate Trust from $7.00 to $6.05 and set a “buy” rating for the company in a report on Monday, September 12th. Finally, Janney Montgomery Scott began coverage on Investors Real Estate Trust in a report on Tuesday, August 23rd. They issued a “buy” rating and a $7.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Investors Real Estate Trust currently has a consensus rating of “Buy” and an average price target of $6.66.

In other news, Director Linda J. Hall purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average cost of $5.89 per share, with a total value of $29,450.00. Following the purchase, the director now directly owns 34,908 shares of the company’s stock, valued at $205,608.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Okey Decker, Jr. purchased 9,000 shares of the business’s stock in a transaction dated Friday, September 23rd. The shares were purchased at an average cost of $6.15 per share, with a total value of $55,350.00. Following the completion of the purchase, the insider now directly owns 107,138 shares in the company, valued at $658,898.70. The disclosure for this purchase can be found here. Company insiders own 1.34% of the company’s stock.

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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