Shares of Investors Real Estate Trust Reit (NYSE:IRET) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $68.25.

Several brokerages have commented on IRET. Compass Point began coverage on shares of Investors Real Estate Trust Reit in a report on Monday, July 22nd. They set a “buy” rating and a $67.50 target price on the stock. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Saturday, August 10th. DA Davidson reaffirmed a “buy” rating on shares of Investors Real Estate Trust Reit in a research note on Monday, July 29th. ValuEngine raised shares of Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets began coverage on shares of Investors Real Estate Trust Reit in a research note on Friday, June 14th. They set an “outperform” rating and a $60.25 price target for the company.

IRET stock traded down $0.45 during mid-day trading on Friday, hitting $69.14. 52,000 shares of the company were exchanged, compared to its average volume of 55,564. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.49 and a current ratio of 0.49. The firm’s 50 day simple moving average is $63.26 and its 200 day simple moving average is $60.40. Investors Real Estate Trust Reit has a 1-year low of $46.30 and a 1-year high of $71.00.

Institutional investors and hedge funds have recently modified their holdings of the company. United Services Automobile Association grew its holdings in shares of Investors Real Estate Trust Reit by 4.1% during the second quarter. United Services Automobile Association now owns 20,534 shares of the real estate investment trust’s stock worth $1,205,000 after purchasing an additional 800 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Investors Real Estate Trust Reit by 219.3% during the second quarter. Susquehanna International Group LLP now owns 8,470 shares of the real estate investment trust’s stock worth $497,000 after purchasing an additional 15,570 shares during the last quarter. Summit Global Investments grew its holdings in shares of Investors Real Estate Trust Reit by 6.3% during the second quarter. Summit Global Investments now owns 11,800 shares of the real estate investment trust’s stock worth $692,000 after purchasing an additional 700 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Investors Real Estate Trust Reit by 35.7% during the second quarter. Nuveen Asset Management LLC now owns 286,191 shares of the real estate investment trust’s stock worth $16,790,000 after purchasing an additional 75,262 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Investors Real Estate Trust Reit by 4.1% during the second quarter. UBS Asset Management Americas Inc. now owns 37,663 shares of the real estate investment trust’s stock worth $2,210,000 after purchasing an additional 1,500 shares during the last quarter. 62.63% of the stock is owned by institutional investors.

Investors Real Estate Trust Reit Company Profile

IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of December 31, 2018, IRET owned interests in 87 apartment communities consisting of 13,702 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PRC, respectively).

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Analyst Recommendations for Investors Real Estate Trust Reit (NYSE:IRET)

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