Independence Realty Trust, Inc. (NYSE:IRT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 41.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,112 shares of the real estate investment trust’s stock after selling 51,047 shares during the period. Victory Capital Management Inc.’s holdings in Independence Realty Trust were worth $1,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bayesian Capital Management LP acquired a new stake in Independence Realty Trust during the first quarter valued at approximately $499,000. Boston Partners acquired a new stake in shares of Independence Realty Trust during the first quarter worth $892,000. Cetera Advisors LLC lifted its holdings in shares of Independence Realty Trust by 132.9% during the first quarter. Cetera Advisors LLC now owns 241,924 shares of the real estate investment trust’s stock valued at $3,902,000 after purchasing an additional 138,028 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Independence Realty Trust by 169.3% in the 1st quarter. Cetera Investment Advisers now owns 409,724 shares of the real estate investment trust’s stock valued at $6,609,000 after purchasing an additional 257,555 shares during the period. Finally, Federated Hermes Inc. increased its stake in Independence Realty Trust by 327.6% in the 2nd quarter. Federated Hermes Inc. now owns 113,985 shares of the real estate investment trust’s stock worth $2,136,000 after purchasing an additional 87,329 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Independence Realty Trust Price Performance

Independence Realty Trust stock opened at $21.75 on Tuesday. Independence Realty Trust, Inc. has a one year low of $13.24 and a one year high of $22.26. The company’s fifty day moving average price is $20.25 and its two-hundred day moving average price is $19.22. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.11 and a beta of 1.17.

Independence Realty Trust Dividend Announcement

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

Independence Realty Trust 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.