Axa Buys 13,140 Shares of Investors Real Estate Trust (IRET)

Axa increased its stake in shares of Investors Real Estate Trust (NYSE:IRET) by 6.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 205,240 shares of the real estate investment trust’s stock after buying an additional 13,140 shares during the period. Axa owned approximately 0.17% of Investors Real Estate Trust worth $1,217,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Investors Real Estate Trust by 9.3% in the fourth quarter. State Street Corp now owns 2,469,628 shares of the real estate investment trust’s stock valued at $17,607,000 after buying an additional 209,766 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Investors Real Estate Trust during the fourth quarter valued at $108,000. Asset Management One Co. Ltd. boosted its stake in shares of Investors Real Estate Trust by 4.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 278,561 shares of the real estate investment trust’s stock valued at $1,962,000 after buying an additional 12,361 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Investors Real Estate Trust during the fourth quarter valued at $213,000. Finally, Credit Agricole S A boosted its stake in shares of Investors Real Estate Trust by 15.3% in the fourth quarter. Credit Agricole S A now owns 60,615 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 8,056 shares during the last quarter. 52.49% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Investors Real Estate Trust (NYSE:IRET)

Shares of Investors Real Estate Trust (NYSE IRET) traded down 0.96% during midday trading on Friday, hitting $6.22. The stock had a trading volume of 981,732 shares. The stock has a market cap of $758.32 million, a price-to-earnings ratio of 65.47 and a beta of 0.88. Investors Real Estate Trust has a 1-year low of $5.60 and a 1-year high of $7.28. The firm’s 50-day moving average price is $5.96 and its 200-day moving average price is $6.31.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Tuesday, June 13th. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently 280.03%.

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IRET has been the subject of several recent research reports. Zacks Investment Research cut Investors Real Estate Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 20th. ValuEngine cut Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Investors Real Estate Trust currently has a consensus rating of “Hold” and an average target price of $6.56.

About Investors Real Estate Trust

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.

Want to see what other hedge funds are holding IRET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Investors Real Estate Trust (NYSE:IRET).

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