AQR Capital Management LLC Has $291,000 Stock Position in Investors Real Estate Trust Reit (NYSE:IRET)

AQR Capital Management LLC increased its position in Investors Real Estate Trust Reit (NYSE:IRET) by 29.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,965 shares of the real estate investment trust’s stock after purchasing an additional 1,117 shares during the quarter. AQR Capital Management LLC’s holdings in Investors Real Estate Trust Reit were worth $291,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its position 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 worth $124,000 after purchasing an additional 400 shares during the period. Nisa Investment Advisors LLC increased its position 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 worth $59,000 after purchasing an additional 441 shares during the period. State of Alaska Department of Revenue increased its position in Investors Real Estate Trust Reit by 16.4% in the second quarter. State of Alaska Department of Revenue now owns 4,580 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 644 shares during the period. Nordea Investment Management AB increased its position in Investors Real Estate Trust Reit by 3.6% in the first quarter. Nordea Investment Management AB now owns 19,001 shares of the real estate investment trust’s stock worth $1,138,000 after purchasing an additional 661 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Investors Real Estate Trust Reit in the second quarter worth about $58,000. Hedge funds and other institutional investors own 62.41% of the company’s stock.

NYSE:IRET opened at $74.40 on Friday. Investors Real Estate Trust Reit has a fifty-two week low of $46.30 and a fifty-two week high of $75.53. 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 stock has a market capitalization of $859.46 million, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.39 and a beta of 0.84. The business’s 50-day simple moving average is $72.06 and its 200-day simple moving average is $63.68.



The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, September 13th.

A number of analysts recently commented on IRET shares. DA Davidson reiterated a “buy” rating on shares of Investors Real Estate Trust Reit in a research report on Monday, July 29th. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Saturday, August 10th. ValuEngine lowered Investors Real Estate Trust Reit from a “hold” rating to a “sell” rating in a research report on Friday. Compass Point initiated coverage on Investors Real Estate Trust Reit in a research report on Monday, July 22nd. They set a “buy” rating and a $67.50 target price for the company. Finally, BMO Capital Markets boosted their target price on Investors Real Estate Trust Reit from $74.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Investors Real Estate Trust Reit has an average rating of “Buy” and a consensus price target of $74.88.

Investors Real Estate Trust Reit 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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Institutional Ownership by Quarter for Investors Real Estate Trust Reit (NYSE:IRET)

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