Insider At Investors Real Estate Trust (IRET) Picks Up 2,000 Shares


Investors Real Estate Trust (NYSE:IRET), saw an insider raise her position with the company. Director Linda J. Hall bought 2,000 shares at an average price of $8.7 per share. After the completion of this transaction, Hall now has 8,492.68 shares directly invested in the company. A 944.11 million market cap company, Investors Real Estate Trust (NYSE:IRET) is  a self-advised equity real estate investment trust (REIT) that is engaged in owning and operating income-producing real estate properties.

There are three main hedge funds with holdings in the investment trust. Cliff Asness‘ Aqr Capital Management reported a 19% decrease in it’s activity last quarter, and now holds 192,049 shares worth about $1.7 million; Forward Management, the fund run by J. Alan Reid Jr., holds 158,495 shares worth around $1.4 million after not showing any change in it’s holdings recently; while Israel Englander‘s Millennium Management rose it’s profile with Investors Real Estate Trust (NYSE:IRET) by 236% last quarter, now holding 126,446 shares worth approximately $1.1 million.

Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.

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