Atria Investments Inc Purchases 7,378 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Atria Investments Inc raised its holdings in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 28.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,731 shares of the real estate investment trust’s stock after purchasing an additional 7,378 shares during the period. Atria Investments Inc’s holdings in Independence Realty Trust were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC boosted its stake in Independence Realty Trust by 0.7% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 79,217 shares of the real estate investment trust’s stock worth $1,485,000 after purchasing an additional 571 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Independence Realty Trust by 1.3% in the third quarter. Handelsbanken Fonder AB now owns 69,961 shares of the real estate investment trust’s stock worth $1,434,000 after buying an additional 900 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Independence Realty Trust by 2.0% during the second quarter. Arizona State Retirement System now owns 63,011 shares of the real estate investment trust’s stock worth $1,181,000 after buying an additional 1,255 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Independence Realty Trust during the second quarter valued at $25,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Independence Realty Trust during the third quarter valued at $28,000. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Trading Up 0.5 %

Independence Realty Trust stock opened at $21.35 on Wednesday. The firm has a market cap of $4.81 billion, a PE ratio of 18.41, a P/E/G ratio of 3.00 and a beta of 1.17. Independence Realty Trust, Inc. has a 12 month low of $12.99 and a 12 month high of $21.49. The stock’s 50 day simple moving average is $20.19 and its two-hundred day simple moving average is $19.09.

Independence Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, September 30th.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IRT. KeyCorp raised their target price on Independence Realty Trust from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. BMO Capital Markets raised Independence Realty Trust from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $19.00 to $21.00 in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their target price on Independence Realty Trust from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JMP Securities raised their price target on shares of Independence Realty Trust from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Monday, September 9th. Finally, BTIG Research upped their price objective on shares of Independence Realty Trust from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Independence Realty Trust has an average rating of “Moderate Buy” and an average target price of $20.43.

Independence Realty Trust Company Profile

Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL.