Independence Realty Trust, Inc. (NYSE:IRT) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC raised its stake in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 140.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,272 shares of the real estate investment trust’s stock after buying an additional 59,157 shares during the quarter. Pathstone Holdings LLC’s holdings in Independence Realty Trust were worth $2,076,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IRT. Taylor Frigon Capital Management LLC increased its position in Independence Realty Trust by 0.7% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 79,217 shares of the real estate investment trust’s stock worth $1,485,000 after purchasing an additional 571 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Independence Realty Trust by 1.3% during the third quarter. Handelsbanken Fonder AB now owns 69,961 shares of the real estate investment trust’s stock worth $1,434,000 after buying an additional 900 shares in the last quarter. Arizona State Retirement System raised its position in shares of Independence Realty Trust by 2.0% in the second quarter. Arizona State Retirement System now owns 63,011 shares of the real estate investment trust’s stock valued at $1,181,000 after buying an additional 1,255 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Independence Realty Trust during the second quarter valued at approximately $25,000. Finally, V Square Quantitative Management LLC purchased a new stake in Independence Realty Trust in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Independence Realty Trust Stock Down 0.0 %

IRT opened at $21.73 on Wednesday. The company’s 50-day moving average price is $20.27 and its 200 day moving average price is $19.26. Independence Realty Trust, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $22.26. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 3.11 and a beta of 1.17.

Independence Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Monday, September 30th.

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.