BTIG Research Begins Coverage on Investors Real Estate Trust Reit (NYSE:IRET)

BTIG Research started coverage on shares of Investors Real Estate Trust Reit (NYSE:IRET) in a report issued on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $79.00 target price on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of Investors Real Estate Trust Reit from $74.00 to $76.00 and gave the stock an outperform rating in a research note on Friday, August 23rd. DA Davidson reissued a buy rating on shares of Investors Real Estate Trust Reit in a research note on Monday, July 29th. ValuEngine downgraded shares of Investors Real Estate Trust Reit from a buy rating to a hold rating in a research note on Wednesday, September 4th. Compass Point assumed coverage on shares of Investors Real Estate Trust Reit in a research note on Monday, July 22nd. They issued a buy rating and a $67.50 target price on the stock. Finally, Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a hold rating to a buy rating and set a $77.00 target price on the stock in a research note on Saturday, August 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $74.88.

IRET stock opened at $72.61 on Monday. Investors Real Estate Trust Reit has a one year low of $46.30 and a one year high of $72.97. The company’s 50 day moving average price is $68.80 and its two-hundred day moving average price is $61.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.49 and a quick ratio of 0.49.



The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, September 13th.

Several hedge funds and other institutional investors have recently modified their holdings of IRET. Bank of Montreal Can purchased a new position in shares of Investors Real Estate Trust Reit in the second quarter worth $58,000. Nisa Investment Advisors LLC boosted its holdings in Investors Real Estate Trust Reit by 78.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,001 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 441 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Investors Real Estate Trust Reit by 23.4% in the second quarter. Daiwa Securities Group Inc. now owns 2,110 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 400 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Investors Real Estate Trust Reit in the second quarter valued at $148,000. Finally, Assetmark Inc. bought a new stake in Investors Real Estate Trust Reit in the second quarter valued at $178,000. 62.41% of the stock is currently owned by institutional investors.

About Investors Real Estate Trust Reit

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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