D.A. Davidson Maintains Investors Real Estate Trust Buy, $8 PT

D.A. Davidson maintained its Investors Real Estate Trust IRET Buy rating and $8 price target in a research report published today. In the report, D.A. Davidson states, "We believe that management will spend time on the conference call discussing the company's real estate opportunities in the Bakken region of western North Dakota and eastern Montana. Many experts believe the Bakken oil play, which is roughly five years in the making, is still in its infancy. While the history of oil suggests booms eventually bust, strong regional economic activity appears likely to continue for decades, prompting significant peripheral infrastructure development." Shares of Investors Real Estate Trust were trading at $7.48 at the time of posting, down 1.06% from Monday's market close.