Zacks Investment Research upgraded Investors Real Estate Trust (NYSE:IRET) to Hold in a report released today.
- Updated: October 1, 2016
Yesterday Investors Real Estate Trust (NYSE:IRET) traded -0.67% lower at $5.99. The company’s 50-day moving average is $6.28 and its two hundred day average is $6.49. With the last close down -8.31% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was up over the average, with 805,260 shares of IRET changing hands over the typical 575,669
Zacks Investment Research has upgraded Investors Real Estate Trust (NYSE:IRET) to Hold in a report released on 9/29/2016.
With a total market value of $0, Investors Real Estate Trust has price-earnings ratio of 23.71 with a one year low of $5.66 and a 52 week high of $8.39 .
In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokerages have issued a report on the stock. The consensus target price is $7.08 with 2 firms rating the stock a strong buy, 0 analysts rating the company a buy, two equity analysts rating the company a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About 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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