Published On: Wed, Oct 19th, 2016

Current Price Targets For Investors Real Estate Trust (NYSE:IRET)


Recently stock market analysts have updated their consensus ratings on shares of Investors Real Estate Trust (NYSE:IRET).

Most recent broker ratings

09/12/2016 – Investors Real Estate Trust had its “buy” rating reiterated by analysts at D.A. Davidson. They now have a USD 6.05 price target on the stock.

08/23/2016 – Janney Montgomery Scott began new coverage on Investors Real Estate Trust giving the company a “buy” rating. They now have a USD 7 price target on the stock.

07/07/2016 – Investors Real Estate Trust was downgraded to “neutral” by analysts at Robert W. Baird. They now have a USD 7 price target on the stock.

07/01/2016 – Investors Real Estate Trust had its “hold” rating reiterated by analysts at Wunderlich. They now have a USD 6.75 price target on the stock.

01/15/2016 – Investors Real Estate Trust had its “buy” rating reiterated by analysts at Liberum Capital.

01/21/2015 – Investors Real Estate Trust was upgraded to “outperform” by analysts at Zacks. They now have a USD 9.1 price target on the stock.

09/12/2014 – Investors Real Estate Trust was downgraded to “underperform” by analysts at RBC Capital. They now have a USD 8 price target on the stock.

Investors Real Estate Trust has a 50 day moving average of 6.06 and a 200 day moving average of 6.38. The stock’s market capitalization is 730.40M, it has a 52-week low of 5.60 and a 52-week high of 8.39.

The share price of the company (NYSE:IRET) was up +0.50% during the last trading session, with a high of 6.06 and the volume of Investors Real Estate Trust shares traded was 343097.

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. It conducts its business operations through its operating partnership, IRET Properties, which is principally engaged in acquiring, owning, operating and leasing real estate. It invests in multifamily properties and commercial properties that are leased to single or multiple tenants, usually for approximately five years or longer. As of April 30, 2016, the Company held for investment 99 multifamily properties containing 12,950 apartment units and 47 commercial properties, consisting of healthcare, industrial, office and retail, containing approximately 2.9 million square feet of leasable space.