Investors Real Estate Trust (IRET): Stephen Stenehjem , director of Investors Real Estate Trust purchased 474 shares on Jul 5, 2016. The Insider buying transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were purchased at $6.32 per share for a total value of $3,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 15, 2015, Jeffrey L Miller (director other) purchased 4,090 shares at $7.19 per share price.On Dec 15, 2015, Jeffrey Caira (director) purchased 15,000 shares at $7.17 per share price.Also, On Dec 2, 2015, Pamela J Moret (director) purchased 6,839 shares at $7.29 per share price.On Sep 25, 2015, Mark W Reiling (EVP & Chief Investment Officer) purchased 2,000 shares at $7.60 per share price.
Shares of Investors Real Estate Trust (IRET) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -2.16% at $6.35 with 7,68,491 shares getting traded. Post opening the session at $6.38, the shares hit an intraday low of $6.29 and an intraday high of $6.42 and the price vacillated in this range throughout the day. The company has a market cap of $769 M and the number of outstanding shares has been calculated to be 12,10,91,249 shares. The 52-week high of Investors Real Estate Trust is $8.39 and the 52-week low is $5.8625.
Company has been under the radar of several Street Analysts.Investors Real Estate Trust is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 7 from a previous price target of $8 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jul 7, 2016.
Investors Real Estate Trust (IRET) is a self-advised equity real estate investment trust (REIT). The Company’s 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 Company’s properties are located primarily in the upper Midwest states of Minnesota and North Dakota. As of April 30 2015 IRET’s real estate portfolio consisted of 100 multi-family residential properties containing 11844 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.