11,921 Shares in Independence Realty Trust, Inc. (NYSE:IRT) Bought by MML Investors Services LLC

MML Investors Services LLC purchased a new position in Independence Realty Trust, Inc. (NYSE:IRT – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,921 shares of the real estate investment trust’s stock, valued at approximately $199,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its stake in Independence Realty Trust by 3.4% in the second quarter. Integrated Wealth Concepts LLC now owns 15,452 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 506 shares during the period. Apollon Wealth Management LLC raised its holdings in Independence Realty Trust by 0.8% in the second quarter. Apollon Wealth Management LLC now owns 65,793 shares of the real estate investment trust’s stock worth $1,364,000 after purchasing an additional 524 shares in the last quarter. Paradigm Financial Partners LLC raised its holdings in Independence Realty Trust by 0.4% in the third quarter. Paradigm Financial Partners LLC now owns 203,770 shares of the real estate investment trust’s stock worth $3,328,000 after purchasing an additional 868 shares in the last quarter. Strategic Blueprint LLC raised its holdings in Independence Realty Trust by 5.6% in the second quarter. Strategic Blueprint LLC now owns 16,998 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 905 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Independence Realty Trust by 1.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 88,681 shares of the real estate investment trust’s stock worth $1,838,000 after purchasing an additional 1,122 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Independence Realty Trust Price Performance

Shares of NYSE:IRT opened at $16.66 on Monday. Independence Realty Trust, Inc. has a 1-year low of $15.04 and a 1-year high of $28.42. The business has a fifty day moving average price of $18.09 and a 200-day moving average price of $17.68. The company has a market capitalization of $3.74 billion, a PE ratio of 31.43, a PEG ratio of 7.24 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IRT. Citigroup increased their price objective on Independence Realty Trust from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, February 23rd. BTIG Research decreased their price objective on Independence Realty Trust from $27.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, January 11th. TheStreet upgraded Independence Realty Trust from a “c+” rating to a “b-” rating in a report on Wednesday, February 15th. JMP Securities began coverage on Independence Realty Trust in a report on Monday, January 30th. They issued a “market perform” rating for the company. Finally, KeyCorp decreased their price objective on Independence Realty Trust from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, December 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Independence Realty Trust has an average rating of “Hold” and an average price target of $20.81.

About Independence Realty Trust

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Independence Realty Trust, Inc is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation.