Natixis Advisors LLC Acquires 9,471 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Natixis Advisors LLC raised its holdings in Independence Realty Trust, Inc. (NYSE:IRT) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,316 shares of the real estate investment trust’s stock after acquiring an additional 9,471 shares during the period. Natixis Advisors LLC’s holdings in Independence Realty Trust were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Quest Partners LLC bought a new stake in Independence Realty Trust during the 3rd quarter worth approximately $189,000. Pathstone Holdings LLC increased its position in shares of Independence Realty Trust by 140.5% during the third quarter. Pathstone Holdings LLC now owns 101,272 shares of the real estate investment trust’s stock worth $2,076,000 after acquiring an additional 59,157 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Independence Realty Trust by 437.8% during the third quarter. Avior Wealth Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,443 shares during the period. Commerce Bank bought a new stake in Independence Realty Trust in the 3rd quarter valued at $460,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Independence Realty Trust in the 3rd quarter worth $1,594,000. 88.25% of the stock is currently owned by institutional investors.

Independence Realty Trust Trading Up 1.3 %

NYSE IRT opened at $21.00 on Tuesday. Independence Realty Trust, Inc. has a 12 month low of $15.25 and a 12 month high of $22.26. The stock has a 50 day moving average of $20.19 and a 200-day moving average of $20.29. The company has a market cap of $4.85 billion, a PE ratio of 116.69, a PEG ratio of 2.91 and a beta of 1.19.

Independence Realty Trust (NYSE:IRT) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.24. Independence Realty Trust had a net margin of 6.15% and a return on equity of 1.11%. As a group, sell-side analysts predict that Independence Realty Trust, Inc. will post 1.19 EPS for the current fiscal year.

Independence Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, March 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, March 28th. Independence Realty Trust’s dividend payout ratio (DPR) is presently 355.56%.

Analysts Set New Price Targets

Several analysts have issued reports on IRT shares. Jefferies Financial Group raised Independence Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $24.00 in a research note on Monday, March 10th. JMP Securities restated a “market outperform” rating and issued a $22.00 target price on shares of Independence Realty Trust in a research note on Tuesday, February 11th. Barclays lowered their price objective on shares of Independence Realty Trust from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company started coverage on shares of Independence Realty Trust in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $24.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Independence Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $22.00.

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.