Blair William & Co. IL Has $13.29 Million Stock Holdings in Independence Realty Trust, Inc. (NYSE:IRT)

Blair William & Co. IL lowered its stake in Independence Realty Trust, Inc. (NYSE:IRT) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 709,076 shares of the real estate investment trust’s stock after selling 9,330 shares during the quarter. Blair William & Co. IL owned approximately 0.32% of Independence Realty Trust worth $13,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC increased its position in shares of Independence Realty Trust by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,970 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 2,624 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Independence Realty Trust by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,308,557 shares of the real estate investment trust’s stock valued at $62,001,000 after buying an additional 176,119 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Independence Realty Trust during the second quarter worth $22,464,000. Envestnet Asset Management Inc. raised its position in Independence Realty Trust by 52.9% during the second quarter. Envestnet Asset Management Inc. now owns 111,075 shares of the real estate investment trust’s stock worth $2,082,000 after acquiring an additional 38,441 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Independence Realty Trust by 327.6% in the second quarter. Federated Hermes Inc. now owns 113,985 shares of the real estate investment trust’s stock valued at $2,136,000 after acquiring an additional 87,329 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.

Independence Realty Trust Stock Up 1.3 %

Shares of NYSE:IRT opened at $21.13 on Friday. Independence Realty Trust, Inc. has a 12-month low of $11.61 and a 12-month high of $21.20. The business has a 50 day moving average of $19.74 and a 200-day moving average of $17.77. The stock has a market cap of $4.75 billion, a PE ratio of -704.17, a P/E/G ratio of 3.00 and a beta of 1.17.

Independence Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 30th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Monday, September 30th. Independence Realty Trust’s dividend payout ratio is -2,133.33%.

Analysts Set New Price Targets

A number of brokerages have recently commented on IRT. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Independence Realty Trust from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. BTIG Research boosted their price target on Independence Realty Trust from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. KeyCorp raised their price objective on Independence Realty Trust from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, JMP Securities boosted their target price on Independence Realty Trust from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.57.

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.