Price Action To Observe: Could Investors Real Estate Trust Gain Strenght? The Stock Reaches 52-Week Low

Price Action To Observe: Could Investors Real Estate Trust Gain Strenght? The Stock Reaches 52 Week Low

The stock of Investors Real Estate Trust (NYSE:IRET) is a huge mover today! The stock decreased 1.95% or $0.12 on October 5, hitting $5.79. Investors Real Estate Trust (NYSE:IRET) has declined 6.49% since March 2, 2016 and is downtrending. It has underperformed by 14.75% the S&P500.
The move comes after 7 months negative chart setup for the $703.67 million company. It was reported on Oct, 6 by Barchart.com. We have $5.27 PT which if reached, will make NYSE:IRET worth $63.33 million less.

Investors Real Estate Trust (NYSE:IRET) Ratings Coverage

Out of 3 analysts covering Investors Real Estate Trust (NYSE:IRET), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Investors Real Estate Trust has been the topic of 5 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Wunderlich maintained Investors Real Estate Trust (NYSE:IRET) on Friday, July 1 with “Hold” rating. Robert W. Baird maintained Investors Real Estate Trust (NYSE:IRET) on Tuesday, September 13 with “Neutral” rating. The stock of Investors Real Estate Trust (NYSE:IRET) earned “Buy” rating by DA Davidson on Friday, September 18. As per Tuesday, September 1, the company rating was maintained by Wunderlich. The rating was downgraded by Wunderlich to “Hold” on Friday, December 18.

According to Zacks Investment Research, “Investors Real Estate Trust is a real estate investment trust operating in the Midwest.”

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.16, from 1.29 in 2016Q1. The ratio dived, as 11 funds sold all Investors Real Estate Trust shares owned while 45 reduced positions. 13 funds bought stakes while 50 increased positions. They now own 56.79 million shares or 0.30% more from 56.62 million shares in 2016Q1.
Wells Fargo Mn accumulated 0% or 975,028 shares. Gsa Cap Prns Llp holds 11,043 shares or 0% of its portfolio. Lpl Llc has 31,234 shares for 0% of their US portfolio. Creative Planning has 4,395 shares for 0% of their US portfolio. Shinko Asset Mngmt Ltd has 4,400 shares for 0% of their US portfolio. Moreover, Kbc Gp Nv has 0% invested in Investors Real Estate Trust (NYSE:IRET) for 33,689 shares. Cambridge Inc last reported 0.01% of its portfolio in the stock. Alliancebernstein Limited Partnership owns 241,532 shares or 0% of their US portfolio. Founders Fincl Ltd Limited Liability Company last reported 28,463 shares in the company. Raymond James Services Advisors Inc owns 48,083 shares or 0% of their US portfolio. Grace White Ny holds 1.34% of its portfolio in Investors Real Estate Trust (NYSE:IRET) for 918,441 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Investors Real Estate Trust (NYSE:IRET). Envestnet Asset Management has 88,573 shares for 0% of their US portfolio. Millennium Mgmt Lc holds 251,357 shares or 0% of its portfolio. Teachers Insur And Annuity Association Of America holds 0.04% or 136,573 shares in its portfolio.

Insider Transactions: Since July 5, 2016, the stock had 16 buys, and 0 sales for $695,684 net activity. 6,000 shares were bought by Dance Michael T, worth $34,800 on Wednesday, September 14. Decker Mark Okey Jr also bought $55,350 worth of Investors Real Estate Trust (NYSE:IRET) on Friday, September 23. 15,000 shares with value of $88,500 were bought by CAIRA JEFFREY on Tuesday, September 13. Stewart John D had bought 241 shares worth $1,400 on Friday, September 16. STENEHJEM STEPHEN had bought 474 shares worth $2,998. 6,000 Investors Real Estate Trust (NYSE:IRET) shares with value of $35,009 were bought by MILLER JEFFREY L. Schissel John A bought $24,318 worth of stock or 4,200 shares.

More important recent Investors Real Estate Trust (NYSE:IRET) news were published by: Prnewswire.com which released: “Investors Real Estate Trust Announces Financial And Operating Results For The …” on September 08, 2016, also Businesswire.com published article titled: “Land and Buildings Highlights Further Downside at Investors Real Estate Trust …”, Seekingalpha.com published: “Investors Real Estate Trust’s (IRET) CEO Tim Mihalick on Q1 2017 Results …” on September 09, 2016. More interesting news about Investors Real Estate Trust (NYSE:IRET) was released by: Seekingalpha.com and their article: “A Guide To Investing In Real Estate Investment Trusts (REITs)” with publication date: October 05, 2016.

IRET Company Profile

Investors Real Estate Trust, incorporated on August 1, 1997, is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. The Company’s divisions include Multifamily, Healthcare and All Other. The Company’s investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota. The Firm conducts its business through its operating partnership, IRET Properties, which is principally engaged in acquiring, owning, operating and leasing real estate.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment