DA Davidson Maintains Investors Real Estate Trust to Buy with Price Target $6.05

Brokerage firm DA Davidson Maintains its rating on Investors Real Estate Trust(NYSE:IRET). In a research note issued to the investors, the brokerage major Lowers the price-target to $6.05 per share. The shares have been rated Buy. The rating by DA Davidson was issued on Sep 12, 2016.

In a different note, On Jul 7, 2016, Baird said it Downgrades its rating on Investors Real Estate Trust. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Neutral’ by the firm.

Investors Real Estate Trust (IRET) remained unchanged at the close of Tuesday session. Even as the volume increased to 7,38,718 ,the shares failed to make any impression and ended at 0 points or 0.00% at $5.76. The trading session commenced at $5.86 and the stock hit a high of $5.86 and touched $5.68 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $8.39 and the 52-week low is $5.66. The company has a market cap of $700 M and has approximately 12,15,31,431 outstanding shares.

Investors Real Estate Trust(IRET) last announced its earnings results on Sep 8, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $49.61M. Analysts had an estimated revenue of $48.74M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Stephen Stenehjem (director) purchased 474 shares at $6.32 per share price.Also, On Dec 15, 2015, Jeffrey Caira (director) purchased 15,000 shares at $7.17 per share price.On Dec 2, 2015, Pamela J Moret (director) purchased 6,839 shares at $7.29 per share price, according to the Form-4 filing with the securities and exchange commission.

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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