Independence Realty Trust, Inc. (NYSE:IRT) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lowered its stake in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,555 shares of the real estate investment trust’s stock after selling 1,069 shares during the period. Centaurus Financial Inc.’s holdings in Independence Realty Trust were worth $872,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of Independence Realty Trust by 146.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,833 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,684 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Independence Realty Trust during the 1st quarter worth $40,000. Price T Rowe Associates Inc. MD increased its position in shares of Independence Realty Trust by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 117,227 shares of the real estate investment trust’s stock worth $1,891,000 after purchasing an additional 8,319 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Independence Realty Trust in the 1st quarter valued at about $499,000. Finally, Virtu Financial LLC acquired a new position in Independence Realty Trust in the first quarter valued at about $238,000. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Price Performance

Shares of NYSE:IRT opened at $21.75 on Tuesday. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 3.11 and a beta of 1.17. Independence Realty Trust, Inc. has a 12 month low of $13.24 and a 12 month high of $22.26. The business’s 50 day simple moving average is $20.25 and its 200-day simple moving average is $19.22.

Independence Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Monday, September 30th.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. KeyCorp upped their price objective on shares of Independence Realty Trust from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. JMP Securities lifted their target price on Independence Realty Trust from $20.00 to $22.00 and gave the company a “market outperform” rating in a research report on Monday, September 9th. BTIG Research raised their price objective on shares of Independence Realty Trust from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, August 12th. BMO Capital Markets raised shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and raised their price target for the company from $19.00 to $21.00 in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Independence Realty Trust from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Independence Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $20.43.

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.