Independence Realty Trust, Inc. (NYSE:IRT) Holdings Lifted by Perpetual Ltd

Perpetual Ltd lifted its holdings in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 38.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,365 shares of the real estate investment trust’s stock after acquiring an additional 11,980 shares during the period. Perpetual Ltd’s holdings in Independence Realty Trust were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Independence Realty Trust by 0.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,984 shares of the real estate investment trust’s stock worth $2,050,000 after acquiring an additional 526 shares during the period. Handelsbanken Fonder AB raised its position in shares of Independence Realty Trust by 1.3% during the 3rd 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. Nomura Asset Management Co. Ltd. lifted its stake in shares of Independence Realty Trust by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 281,800 shares of the real estate investment trust’s stock worth $5,777,000 after acquiring an additional 900 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Independence Realty Trust in the third quarter valued at approximately $28,000. Finally, Hunter Perkins Capital Management LLC increased its stake in shares of Independence Realty Trust by 3.7% during the third quarter. Hunter Perkins Capital Management LLC now owns 40,975 shares of the real estate investment trust’s stock valued at $840,000 after acquiring an additional 1,450 shares during the period. 88.25% of the stock is owned by institutional investors.

Independence Realty Trust Trading Down 2.5 %

NYSE IRT opened at $18.68 on Thursday. Independence Realty Trust, Inc. has a 1 year low of $14.07 and a 1 year high of $22.26. The company has a market cap of $4.20 billion, a PE ratio of 16.67, a PEG ratio of 2.66 and a beta of 1.21. The stock’s 50-day moving average price is $20.44 and its two-hundred day moving average price is $20.01.

Independence Realty Trust Dividend Announcement

The company 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 yield of 3.43%. The ex-dividend date of this dividend was Tuesday, December 31st.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IRT shares. Barclays initiated coverage on Independence Realty Trust in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $23.00 price target for the company. BMO Capital Markets raised Independence Realty Trust from an “underperform” rating to a “market perform” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.14.

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.