Independence Realty Trust, Inc. (NYSE:IRT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in Independence Realty Trust, Inc. (NYSE:IRTFree Report) by 0.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,511,743 shares of the real estate investment trust’s stock after selling 14,470 shares during the period. Vanguard Group Inc. owned approximately 14.47% of Independence Realty Trust worth $457,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Sentinus LLC lifted its stake in shares of Independence Realty Trust by 3.8% in the 1st quarter. Sentinus LLC now owns 18,304 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 678 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Independence Realty Trust by 1.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 63,209 shares of the real estate investment trust’s stock valued at $1,066,000 after buying an additional 679 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Independence Realty Trust by 2.5% in the 3rd quarter. Penserra Capital Management LLC now owns 31,415 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 774 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Independence Realty Trust by 1.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 65,231 shares of the real estate investment trust’s stock valued at $1,106,000 after buying an additional 821 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Independence Realty Trust by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 63,947 shares of the real estate investment trust’s stock valued at $900,000 after buying an additional 910 shares during the period. Institutional investors and hedge funds own 85.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Independence Realty Trust from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Independence Realty Trust in a report on Tuesday, January 30th. They issued a “buy” rating and a $18.00 price objective on the stock. Barclays cut their price objective on Independence Realty Trust from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, February 20th. TheStreet downgraded Independence Realty Trust from a “c” rating to a “d+” rating in a report on Friday, March 1st. Finally, JMP Securities upped their price target on Independence Realty Trust from $15.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.00.

Get Our Latest Report on IRT

Independence Realty Trust Stock Performance

NYSE:IRT opened at $16.00 on Monday. The stock has a 50-day simple moving average of $15.26 and a 200-day simple moving average of $14.61. The stock has a market cap of $3.60 billion, a P/E ratio of -228.54 and a beta of 1.06. Independence Realty Trust, Inc. has a 1 year low of $11.61 and a 1 year high of $18.77.

Independence Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 29th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.64 annualized dividend and a dividend yield of 4.00%. Independence Realty Trust’s dividend payout ratio is currently -914.16%.

About Independence Realty Trust

(Free Report)

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.

Read More

Want to see what other hedge funds are holding IRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Independence Realty Trust, Inc. (NYSE:IRTFree Report).

Institutional Ownership by Quarter for Independence Realty Trust (NYSE:IRT)

Receive News & Ratings for Independence Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independence Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.