1 week Ago By Defense World Staff
Norges Bank purchased a new stake in Independence Realty Trust, Inc. (NYSE:IRT – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 287,831 shares of the real estate investment trust’s stock, valued at approximately $5,711,000.
Norges Bank owned about 0.13% of Independence Realty Trust as of its most recent filing with the SEC. Several other hedge funds have also bought and sold shares of the stock.
FMR LLC grew its position in shares of Independence Realty Trust by 758.8% during the third quarter. FMR LLC now owns 285,193 shares of the real estate investment trust’s stock valued at $5,846,000 after purchasing an additional 251,984 shares in the last quarter.
Captrust Financial Advisors purchased a new position in Independence Realty Trust during the 3rd quarter valued at approximately $306,000. Stifel Financial Corp bought a new stake in Independence Realty Trust in the 3rd quarter worth approximately $576,000. XTX Topco Ltd purchased a new stake in shares of Independence Realty Trust during the 3rd quarter worth approximately $448,000.
Finally, Orion Portfolio Solutions LLC bought a new position in shares of Independence Realty Trust during the 3rd quarter valued at approximately $542,000. Hedge funds and other institutional investors own 88.25% of the company’s stock.
Independence Realty Trust Price PerformanceShares of NYSE:IRT opened at $18.80 on Thursday. The firm has a market capitalization of $4.
34 billion, a PE ratio of 104.44, a price-to-earnings-growth ratio of 2.91 and a beta of 0.
98. The business has a 50 day simple moving average of $20.45 and a two-hundred day simple moving average of $20.
23. Independence Realty Trust, Inc. has a 1 year low of $15.
27 and a 1 year high of $22.26. Independence Realty Trust (NYSE:IRT – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th.
The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.
24. Independence Realty Trust had a return on equity of 1.11% and a net margin of 6.
15%. Equities research analysts expect that Independence Realty Trust, Inc. will post 1.
19 EPS for the current fiscal year. Independence Realty Trust Announces DividendThe business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, March 28th will be given a $0.
16 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.
64 annualized dividend and a yield of 3.40%. Independence Realty Trust’s dividend payout ratio (DPR) is 355.
56%. Wall Street Analysts Forecast GrowthSeveral equities research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Independence Realty Trust in a research report on Wednesday, March 19th.
They issued an “overweight” rating and a $24.00 price target on the stock. UBS Group began coverage on shares of Independence Realty Trust in a report on Monday.
They issued a “buy” rating and a $24.00 target price on the stock. Jefferies Financial Group raised shares of Independence Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $20.
00 to $24.00 in a report on Monday, March 10th. JMP Securities reissued a “market outperform” rating and set a $22.
00 price objective on shares of Independence Realty Trust in a research note on Tuesday, February 11th. Finally, Barclays lowered their price objective on Independence Realty Trust from $21.00 to $20.
00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.
com, Independence Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $22.22.Get Our Latest Analysis on IRTInsiders Place Their BetsIn other Independence Realty Trust news, CEO Scott Schaeffer sold 10,000 shares of Independence Realty Trust stock in a transaction on Tuesday, April 1st.
The stock was sold at an average price of $21.21, for a total transaction of $212,100.00.
Following the completion of the sale, the chief executive officer now directly owns 873,365 shares of the company’s stock, valued at $18,524,071.65. The trade was a 1.
13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.
58% of the company’s stock. Independence Realty Trust Company Profile (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.Further ReadingFive stocks we like better than Independence Realty TrustElection Stocks: How Elections Affect the Stock MarketQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreHigh Flyers: 3 Natural Gas Stocks for March 2022Are Tariffs Threatening Disney’s Comeback Story?Golden Cross Stocks: Pattern, Examples and Charts Is Alphabet a Generational Buying Opportunity at These Levels?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:IRT – Free Report)..
