SG Americas Securities LLC Has $644,000 Stock Holdings in Independence Realty Trust, Inc. (NYSE:IRT)

SG Americas Securities LLC trimmed its holdings in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,451 shares of the real estate investment trust’s stock after selling 1,869 shares during the period. SG Americas Securities LLC’s holdings in Independence Realty Trust were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of IRT. Mattson Financial Services LLC acquired a new position in shares of Independence Realty Trust in the 2nd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in Independence Realty Trust during the third quarter valued at approximately $28,000. 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 valued at $38,000 after buying an additional 1,527 shares during the period. Assetmark Inc. purchased a new stake in Independence Realty Trust in the 3rd quarter worth approximately $41,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Independence Realty Trust by 437.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,443 shares during the period. 88.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IRT has been the topic of a number of research reports. BMO Capital Markets raised shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $19.00 to $21.00 in a research note on Friday, November 15th. Barclays dropped their target price on Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Independence Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $20.86.

Independence Realty Trust Price Performance

Independence Realty Trust stock opened at $19.09 on Friday. Independence Realty Trust, Inc. has a one year low of $14.07 and a one year high of $22.26. The company’s fifty day moving average price is $20.18 and its two-hundred day moving average price is $20.01. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.61 and a beta of 1.21.

Independence Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 31st.

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.