Where does investors real estate trust trade?
Investors Real Estate Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol “IRET.” What is Investors Real Estate Trust’s stock price today? One share of IRET stock can currently be purchased for approximately $102.02.
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Investors Real Estate Trust (IRET) is a publicly traded real estate investment trust with a portfolio of multifamily housing, commercial, retail, medical office, seniors housing and other properties. Operating since 1970, this REIT is headquartered in Minneapolis, Minnesota, and has a market cap of over $1.5 billion.
IRET’s common stock shares are traded on the Nasdaq Global Select Market under the trading symbol IRET. The stock began trading publicly in 1972.
The Value of IRET Stock
IRET’s stock has been beneficial to many investors. In the past, IRET has reported consistent dividend income, making it a reliable option for income-driven investors. As of August 2020, IRET has a dividend yield of 8.7%.
IRET also offers a diversified portfolio, providing investors with exposure to several different types of property. Additionally, the company’s strong presence in Minnesota and the Midwest offers investors exposure to stable, well-capitalized markets.
Risks Associated with Investing In IRET
Like any other investment, IRET has risks associated with it. As the company holds a portfolio of properties, its performance is highly dependent on the real estate markets. Additionally, as of August 2020, the stock trades at a price-to-FFO ratio of 15.2x which is higher than its peers.
In addition, the company is exposed to risks associated with its debt, including interest rate risk. Interest rate fluctuations, if significant, can lead to unexpected expenses, reducing profits.
Conclusion
Overall, Investors Real Estate Trust (IRET) provides investors with the potential for growth and income through its diversified portfolio of property and a stable dividend history. However, potential investors should also be aware of the risks associated with investing in IRET, including market volatility and interest rate risk.