Investors Real Estate Trust's revenue for the quarter was up 12.0% compared to the same quarter previous year.
Other large investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in Investors Real Estate Trust by 21.4% in the first quarter. PNC Financial Services Group has an ownership of 41,301 stocks of the real estate investment trust's shares valued at $589,000 after scooping up an extra 3,812 shares through out the quarter.
ILLEGAL ACTIVITY NOTICE: "Ares Commercial Real Estate Corporation (ACRE) Stake Raised by American International Group Inc." was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem.
As of the last earnings report the EPS was $-0.47 and is projected to be $-0.04 for the current year with 69,208,000 shares now outstanding. It also reduced its holding in Schwab Charles Corp (NYSE:SCHW) by 103,000 shares in the quarter, leaving it with 412,000 shares, and cut its stake in Essex Ppty Tr Inc (NYSE:ESS). Louisiana State Employees Retirement System now owns 28,300 shares of the real estate investment trust's stock worth $428,000 after buying an additional 300 shares in the last quarter.
05/18/2017 - Monmouth Real Estate Investment Corporation was upgraded to "buy" by analysts at D.A. Davidson.
Shares of Cerro Dorado Inc (CDCH) have a 7-day moving average of 0.01.
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Monmouth Real Estate Investment Corporation is a real estate investment trust. That value represents a market adjusting for revenues that have been falling by -12.46 % on a quarterly year/year basis as of the company's last quarterly report.
Checking in on moving averages, the 200-day is at 5.07, the 50-day is 5.21, and the 7-day is sitting at 5.33.
05/01/2015 - Monmouth Real Estate Investment Corporation had its "hold" rating reiterated by analysts at Zacks. The business had revenue of $89.25 million for the quarter, compared to analyst estimates of $95.60 million. The company made Return on equity of 5.30% in last 12 months period. Equities research analysts predict that Investors Real Estate Trust will post ($0.01) earnings per share for the current year. Additionally Pennsylvania Real Estate Invest announced a dividend that will be paid on Friday the 15th of September 2017. Investors of record on Friday, September 1st will be issued a dividend of $0.21 per share. The ex-dividend date has been established as Tuesday the 30th of May 2017.
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Several research firms have recently issued reports on IRET. The average numbers of shares are traded in a security per day, during the recent 3-month period. Boenning Scattergood downgraded shares of Pennsylvania Real Estate Investment Trust from an "outperform" rating to a "neutral" rating in a report on Monday, May 15th. Tiaa Cref Investment Management LLC now holds 266,348 shares valued at $3,015,000. Finally, J P Morgan Chase & Co assumed coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. The stock witnessed 5.34% gains, -0.08% declines and -32.57% declines for the 1-month, 3-month and 6-month period, respectively. The stock has an average rating of "Hold" and an average price target of $16.70. The stock was acquired at an average price of $10.88 per share, with a total value of $108,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Kcg invested in 25,842 shares or 0% of the stock. Over the last 90 days, insiders have purchased 35,000 shares of company stock worth $391,000. 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.