Investors Real Estate Trust (NYSE:IRET) : Zacks Investment Research ranks Investors Real Estate Trust (NYSE:IRET) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2, which indicates as a Buy.
Investors Real Estate Trust (NYSE:IRET) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $8. The average forecast of all the analysts is $8.5 and the expected standard deviation is $1.32.
For the current week, the company shares have a recommendation consensus of Buy.
Investors Real Estate Trust (NYSE:IRET): stock turned positive on Tuesday. Though the stock opened at $6.36, the bulls momentum made the stock top out at $6.64 level for the day. The stock recorded a low of $6.3 and closed the trading day at $6.47, in the green by 2.86%. The total traded volume for the day was 762,558. The stock had closed at $6.29 in the previous days trading.
In an insider trading activity, Caira Jeffrey, director of Investors Real Estate Trust had purchased 15,000 shares on December 15, 2015 in a transaction. The price per share was $7.17 and the total amount of the disclosed transaction was $107,550.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Investors Real Estate Trust (IRET) is a self-advised equity real estate investment trust (REIT). The Companys business consists of owning and operating income-producing real estate properties. IRET operates through five segments: multi-family residential; office; healthcare, including senior housing; industrial and retail properties. The Companys properties are located primarily in the upper Midwest states of Minnesota and North Dakota. As of April 30, 2015, IRETs real estate portfolio consisted of 100 multi-family residential properties containing 11,844 apartment units; 53 office properties containing 4.2 million square feet of leasable space; 66 healthcare properties, including senior housing, containing approximately three million square feet of leasable space; seven industrial properties containing 1.2 million square feet of leasable space, and 23 retail properties containing 1.2 million square feet of leasable space.