Investors Real Estate Trust (IRET) Insider Raises Holdings By Over 1,000 Shares


Investors Real Estate Trust (NYSE:IRET) saw an insider raise her position with the company today. The Director Linda J. Hall bought 1,349.6 shares of common stock at an average price of $7.4 per share. Following this move, Hall holds 9,842.3 shares directly. A $1.03 billion 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.

In addition, there are three institutional investors with the largest involvement in the company. Cliff Asness‘ Aqr Capital Management reported a 19% decrease in its exposure 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; while Israel Englander‘s Millennium Management rose it’s holdings in Investors Real Estate Trust (NYSE:IRET) by 236% last quarter, and now holds 126,446 shares worth approximately $1.1 million.

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

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