Investors Real Estate Trust (NYSE:IRET) Director Michael T. Dance acquired 9,000 shares of the business’s stock in a transaction dated Monday, March 19th. The stock was acquired at an average cost of $5.01 per share, for a total transaction of $45,090.00. Following the transaction, the director now owns 33,695 shares of the company’s stock, valued at $168,811.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Investors Real Estate Trust (IRET) traded down $0.02 during trading hours on Tuesday, hitting $5.04. 269,020 shares of the company’s stock traded hands, compared to its average volume of 567,282. Investors Real Estate Trust has a 12-month low of $4.61 and a 12-month high of $6.75. The firm has a market capitalization of $592.98, a P/E ratio of 12.35, a P/E/G ratio of 2.27 and a beta of 0.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 5.56%. Investors Real Estate Trust’s dividend payout ratio is currently 21.71%.
Large investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new position in shares of Investors Real Estate Trust in the fourth quarter valued at $108,000. Aperio Group LLC boosted its position in shares of Investors Real Estate Trust by 86.4% in the third quarter. Aperio Group LLC now owns 28,150 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 13,052 shares during the period. SG Americas Securities LLC boosted its position in shares of Investors Real Estate Trust by 68.8% in the third quarter. SG Americas Securities LLC now owns 30,118 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 12,280 shares during the period. Stockman Wealth Management Inc. bought a new stake in shares of Investors Real Estate Trust in the fourth quarter valued at about $185,000. Finally, Jane Street Group LLC bought a new stake in shares of Investors Real Estate Trust in the fourth quarter valued at about $205,000. Hedge funds and other institutional investors own 57.55% of the company’s stock.
Investors Real Estate Trust Company Profile
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.
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