Bard Associates Inc. Sells 1,000 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Bard Associates Inc. trimmed its stake in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,036 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Bard Associates Inc. owned 0.06% of Independence Realty Trust worth $2,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Balboa Wealth Partners purchased a new position in Independence Realty Trust in the 3rd quarter worth approximately $210,000. Metis Global Partners LLC raised its position in shares of Independence Realty Trust by 29.7% in the 3rd quarter. Metis Global Partners LLC now owns 23,138 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 5,298 shares during the last quarter. Kovack Advisors Inc. bought a new stake in shares of Independence Realty Trust in the 3rd quarter worth $353,000. Axxcess Wealth Management LLC purchased a new stake in Independence Realty Trust in the third quarter worth approximately $263,000. Finally, Atria Investments Inc lifted its stake in shares of Independence Realty Trust by 28.0% in the 3rd quarter. Atria Investments Inc now owns 33,731 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 7,378 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Stock Performance

Shares of IRT stock opened at $20.85 on Friday. The firm’s 50 day moving average price is $20.10 and its 200-day moving average price is $18.92. The firm has a market cap of $4.69 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.99 and a beta of 1.17. Independence Realty Trust, Inc. has a one year low of $12.99 and a one year high of $21.23.

Independence Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.16 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 3.07%.

Analyst Ratings Changes

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

About Independence Realty Trust

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.