NEW YORK ( TheStreet) -- Investors Real Estate (Nasdaq: IRET) hit a new 52-week low Wednesday as it is currently trading at $7.93, below its previous 52-week low of $7.97 with 132,657 shares traded as of 10:37 a.m. ET. Average volume has been 374,800 shares over the past 30 days. Investors Real Estate has a market cap of $655.9 million and is part of the financial sector and real estate industry. Shares are down 10.9% year to date as of the close of trading on Tuesday. Investors Real Estate Trust, a real estate investment trust (REIT), engages in the ownership and operation of income-producing real estate properties in the United States. The company has a P/E ratio of 406, above the average real estate industry P/E ratio of 36.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Investors Real Estate as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally weak debt management, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Investors Real Estate Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.