Insider Trading Review: Investors Real Estate Trust $IRET

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Investors Real Estate Trust (NYSE:IRET) insiders have most recently took part in a trading activity. On Jan 4, 2018 Dance Michael T, Director bought 10,000 shares having total worth of $55,000 at the price of $5.5 per share, following the transaction a total of 39,695 shares owned by Dance Michael T.

On the same day, Decker Mark Okey Jr, President, CEO and CIO bought 30,000 shares having total worth of $167,400 at the price of $5.58 per share, following the transaction a total of 160,985 shares owned by Decker Mark Okey Jr.

On Jan 3, 2018 Kirchmann John, EVP and CFO bought 10,000 shares having total worth of $56,800 at the price of $5.68 per share, following the transaction a total of 43,251 shares owned by Kirchmann John. Before this latest buy, Kirchmann John purchased IRET at 1 other times during the past twelve months, for a total investment of $5,700 at an average of $5.7 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 2 times by insiders. an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 -9.85%
12 Month 2 0 -15.07%

Shares of Investors Real Estate Trust (NYSE:IRET) traded down 1.93% on Jan 3, 2018, hitting $5.58. 905,718 shares of the company’s stock traded hands. Investors Real Estate Trust has a 52 week low of $5.58 and a 52 week high of $7.2. The company’s market cap is $747 million.

Investors Real Estate Trust (NYSE:IRET) last announced its earnings results on Dec 11, 2017. The company reported 0.10 earnings per share (EPS) for the quarter. The company had revenue of $54 million for the quarter, compared to the consensus estimate of $54 million. During the same quarter in the previous year, the company posted 0.11 earnings per share. The company’s revenue for the quarter was up 7% on a year-over-year basis.

2017-12-11 2017-09-11 2017-06-28 2017-03-13 2016-12-12 2016-09-08 2016-06-29 2016-03-10 2015-12-10 2015-09-09
earnings per share 0.10 0.10 0.09 0.12 0.11 0.10 0.12 0.14 0.12 0.16
Revenue(M) 53.92 52.74 54.34 51.17 50.61 49.61 48.52 55.77 52.27 50.96

Investors Real Estate Trust is a self-advised equity Real Estate Investment Trust organized under the laws of North Dakota. Since its formation in 1970, its business has consisted of owning and operating income-producing real estate properties. The Company owns and operates income-producing real estate properties in the United States. It owns multi-family residential properties and commercial office, medical, industrial, and retail properties located primarily in the upper midwest states of Minnesota and North Dakota. As of April 30, 2013, it owned 87 multi-family residential properties with approximately 10,280 apartment units and 182 commercial properties, consisting of commercial office, commercial healthcare, commercial industrial and commercial retail properties, totaling approximately 12.4 million net rentable square feet.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.