Investors Real Estate Trust (IRET) Files Form 4 Insider Buying : Mark Okey Jr Decker Buys 9,000 Shares

Investors Real Estate Trust (IRET): Mark Okey Jr Decker , President and CIO of Investors Real Estate Trust purchased 9,000 shares on Sep 23, 2016. The Insider buying transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $6.15 per share for a total value of $55,350.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Jeffrey L Miller (Chair of the Board) purchased 6,000 shares at $5.83 per share price.On Sep 19, 2016, John D Stewart (director) purchased 665 shares at $5.68 per share price.Also, On Sep 19, 2016, Terrance P Maxwell (director) purchased 7,500 shares at $5.84 per share price.On Sep 16, 2016, John A Schissel (director) purchased 4,200 shares at $5.79 per share price.

Investors Real Estate Trust: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Investors Real Estate Trust which led to swings in the share price. The shares opened for trading at $6 and hit $6.15 on the upside , eventually ending the session at $6.14, with a gain of 3.02% or 0.18 points. The heightened volatility saw the trading volume jump to 6,74,275 shares. The 52-week high of the share price is $8.39 and the company has a market cap of $746 M . The 52-week low of the share price is at $5.66.

Investors Real Estate Trust Money Flow Index Chart

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.

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