Investors Real Estate Trust (NYSE:IRET) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Having a price of $5.71, Investors Real Estate Trust (NYSE:IRET) traded 1.23% higher on the day. With the last close down -10.59% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. IRET has recorded a 50-day average of $6.12 and a two hundred day average of $6.42. Trade Volume was up over the average, with 691,045 shares of IRET changing hands over the typical 581,114
Zacks Investment Research has upgraded Investors Real Estate Trust (NYSE:IRET) to Hold in a statement released on Wednesday October 12, 2016.
Recent Performance Chart
Investors Real Estate Trust has PE ratio of 22.87 with a one year low of $5.60 and a one year high of $8.39 and has a market capitalization of $0.
A total of 3 analysts have released a report on Investors Real Estate Trust. Two analysts rating the company a strong buy, zero analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $7.08.
General Company Details For Investors Real Estate Trust (NYSE:IRET)
Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company's business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota. It conducts its business operations through its operating partnership, IRET Properties, which is principally engaged in acquiring, owning, operating and leasing real estate. It invests in multifamily properties and commercial properties that are leased to single or multiple tenants, usually for approximately five years or longer. As of April 30, 2016, the Company held for investment 99 multifamily properties containing 12,950 apartment units and 47 commercial properties, consisting of healthcare, industrial, office and retail, containing approximately 2.9 million square feet of leasable space.
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