A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Ares Commercial Real Estate Corporation by 5.4% in the fourth quarter. Monmouth Real Estate Investment Corporation has a payout ratio of 84.2% indicating that its dividend is now covered by earnings, but may not be in the future if the company's earnings tumble. Schwab Charles Investment Mgmt owns 0.01% invested in Mercury Systems Inc (NASDAQ:MRCY) for 160,686 shares. Trust Co. of Vermont increased its stake in shares of Washington Real Estate Investment Trust by 38.4% in the first quarter. Investors Real Estate Trust had 6 analyst reports since September 1, 2015 according to SRatingsIntel. Public Employees Retirement System of OH boosted its position in shares of Pennsylvania Real Estate Investment Trust by 1.2% in the first quarter. The stock of Investors Real Estate Trust (NYSE:IRET) earned "Buy" rating by Wunderlich on Tuesday, September 1. Pennsylvania Real Estate Investment Trust (NYSE:PEI) is -23.44% below its 200-day moving average, providing a measure of resistance for long positions. BTC Capital Management Inc. purchased a new position in Monmouth Real Estate Investment Corporation during the first quarter valued at $160,000.
Pennsylvania Real Estate Investment Trust (PEI) traded down 2.93% on Friday, reaching $10.92. The stock price volatility prevailed at 3.65% in recent month and negotiated volatility at 3.87% for the week. But the real reason Allied Properties Real Estate stands out is because it has a high chance of being able to continue to pay this for years to come, something that is quite desirable if you are looking to create an income portfolio.
Investors Real Estate Trust has a 50 day moving average of 6.20 and a 200 day moving average of 6.16.
Investors Real Estate Trust (NYSE:IRET) last released its quarterly earnings results on Wednesday, June 28th. Vanguard Grp Inc has invested 0.01% in Investors Real Estate Trust (NYSE:IRET). The business had revenue of $89.25 million for the quarter, compared to analyst estimates of $95.60 million. Monmouth Real Estate Investment Corporation had a ROE of 8.40% and a net profit margin of 34.30%. Pennsylvania Real Estate Investment Trust's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter past year, the business posted $0.14 EPS. Stockholders of record on Friday, September 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 11th. This dividend amount will represent a yeild of $7.09. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA and global copyright & trademark laws. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law.
About 73,665 shares traded.
A number of equities analysts recently issued reports on the stock. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/08/11/investors-real-estate-trust-nyseiret-upgraded-to-hold-at-zacks-investment-research.html. Also, the Hold rating count is 3 as of 08/08/17. (NYSE:MNR) on Tuesday, July 19 with "Buy" rating. The stock now has a consensus rating of "Buy" and an average price target of $16.00. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Investors Real Estate Trust by 4.8% in the first quarter. They set a "market perform" rating and a $22.50 price objective for the company. The stock presently has a consensus rating of "Hold" and an average price target of $6.51. Speaking of monthly performance, PEI tapped a 5.34% gain. The stock has "Buy" rating by Wunderlich on Friday, May 6. The EVP now owns $3,774,566 of the stock per an SEC filing yesterday. The disclosure for this purchase can be found here. Mccadden acquired 10,000 shares at an average price of $10.88 on Monday the 19th. Insiders own 4.40% of the company's stock.