Stock Worth Watching: What’s Ahead for Investors Real Estate Trust After Today’s Huge Decline?

Stock Worth Watching: What's Ahead for Investors Real Estate Trust After Today's Huge Decline?

The stock of Investors Real Estate Trust (NYSE:IRET) is a huge mover today! The stock decreased 4.16% or $0.28 on November 15, hitting $6.45. About 390,333 shares traded hands. Investors Real Estate Trust (NYSE:IRET) has declined 4.81% since April 13, 2016 and is downtrending. It has underperformed by 8.74% the S&P500.
The move comes after 7 months negative chart setup for the $818.72 million company. It was reported on Nov, 15 by Barchart.com. We have $5.87 PT which if reached, will make NYSE:IRET worth $73.68M 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) rating on Tuesday, September 1. Wunderlich has “Buy” rating and $9.0 price target. The company was downgraded on Friday, December 18 by Wunderlich. DA Davidson initiated the shares of IRET in a report on Friday, September 18 with “Buy” rating. The stock of Investors Real Estate Trust (NYSE:IRET) earned “Neutral” rating by Robert W. Baird on Tuesday, September 13. Wunderlich maintained it with “Hold” rating and $6.75 target price in Friday, July 1 report.

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 2016 Q2. Its down 0.16, from 1.29 in 2016Q1. The ratio fall, 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.
Stevens Capital Ltd Partnership, a Pennsylvania-based fund reported 11,563 shares. Goldman Sachs Group Inc last reported 0% of its portfolio in the stock. Century Companies accumulated 475,869 shares or 0% of the stock. Royal Natl Bank Of Canada accumulated 0% or 207,839 shares. Teachers Insur & Annuity Association Of America accumulated 0.04% or 136,573 shares. Shinko Asset Mgmt Limited, a Japan-based fund reported 4,400 shares. Bankshares Of America De last reported 9,193 shares in the company. X Management Company Limited Company has invested 0.36% of its portfolio in Investors Real Estate Trust (NYSE:IRET). Credit Suisse Ag accumulated 0% or 342,874 shares. Daiwa Securities Incorporated last reported 4,300 shares in the company. Teachers Advsrs Inc holds 191,945 shares or 0% of its portfolio. Gsa Capital Ptnrs Limited Liability Partnership last reported 0% of its portfolio in the stock. Macquarie Group Ltd accumulated 0% or 56,260 shares. Bnp Paribas Arbitrage accumulated 0% or 5,555 shares. Geode Mgmt Ltd Llc holds 0% of its portfolio in Investors Real Estate Trust (NYSE:IRET) for 873,421 shares.

Insider Transactions: Since July 5, 2016, the stock had 19 insider purchases, and 0 insider sales for $856,486 net activity. On Friday, October 28 the insider MIHALICK TIMOTHY P bought $14,941. $34,800 worth of Investors Real Estate Trust (NYSE:IRET) was bought by Dance Michael T on Wednesday, September 14. $88,500 worth of shares were bought by CAIRA JEFFREY on Tuesday, September 13. The insider MILLER JEFFREY L bought 6,000 shares worth $35,009. Maxwell Terrance P also bought $43,800 worth of Investors Real Estate Trust (NYSE:IRET) on Friday, September 16. STENEHJEM STEPHEN bought $2,998 worth of Investors Real Estate Trust (NYSE:IRET) on Tuesday, July 5. Shares for $24,318 were bought by Schissel John A.

Another recent and important Investors Real Estate Trust (NYSE:IRET) news was published by Reuters.com which published an article titled: “BRIEF-Industrial & Infrastructure Fund Investment sells real estate trust …” on November 15, 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.

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