Dynamic Technology Lab Private Ltd Raises Holdings in Investors Real Estate Trust (IRET)

Dynamic Technology Lab Private Ltd raised its stake in Investors Real Estate Trust (NYSE:IRET) by 47.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,733 shares of the real estate investment trust’s stock after acquiring an additional 11,107 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Investors Real Estate Trust were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Swiss National Bank raised its holdings in Investors Real Estate Trust by 3.9% during the first quarter. Swiss National Bank now owns 200,400 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 7,500 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Investors Real Estate Trust by 21.4% during the first quarter. UBS Asset Management Americas Inc. now owns 225,021 shares of the real estate investment trust’s stock worth $1,334,000 after purchasing an additional 39,716 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Investors Real Estate Trust by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 2,068 shares in the last quarter. American International Group Inc. raised its holdings in Investors Real Estate Trust by 7.2% during the first quarter. American International Group Inc. now owns 74,694 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 5,007 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Investors Real Estate Trust by 29.4% during the first quarter. Neuberger Berman Group LLC now owns 18,553 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 4,213 shares in the last quarter. Institutional investors own 53.02% of the company’s stock.

Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings data on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The company had revenue of $52.70 million during the quarter, compared to the consensus estimate of $50.76 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis.

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Several equities analysts have weighed in on the stock. BidaskClub cut shares of Investors Real Estate Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Zacks Investment Research cut shares of Investors Real Estate Trust from a “hold” rating to a “sell” rating in a report on Thursday, September 14th.

Investors Real Estate Trust Profile

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.

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

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