Natixis Advisors LLC Purchases 13,856 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Natixis Advisors LLC boosted its position in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,845 shares of the real estate investment trust’s stock after acquiring an additional 13,856 shares during the period. Natixis Advisors LLC’s holdings in Independence Realty Trust were worth $1,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IRT. Ashton Thomas Private Wealth LLC purchased a new position in shares of Independence Realty Trust during the 2nd quarter valued at $25,000. Mattson Financial Services LLC bought a new stake in Independence Realty Trust during the second quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in Independence Realty Trust during the third quarter worth about $28,000. Pathway Financial Advisers LLC bought a new position in Independence Realty Trust in the 1st quarter worth about $31,000. Finally, Blue Trust Inc. increased its stake in Independence Realty Trust by 295.9% in the 3rd quarter. Blue Trust Inc. now owns 2,043 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,527 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.

Independence Realty Trust Price Performance

Shares of NYSE:IRT opened at $21.75 on Tuesday. The stock has a market cap of $4.90 billion, a PE ratio of 19.08, a PEG ratio of 3.11 and a beta of 1.17. The company’s fifty day moving average is $20.25 and its 200 day moving average is $19.22. Independence Realty Trust, Inc. has a 52 week low of $13.24 and a 52 week high of $22.26.

Independence Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were given a dividend of $0.16 per share. The ex-dividend date was Monday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.94%.

Wall Street Analyst Weigh In

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

About Independence Realty Trust

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.