Edgestream Partners L.P. Purchases Shares of 25,754 Independence Realty Trust, Inc. (NYSE:IRT)

Edgestream Partners L.P. acquired a new position in shares of Independence Realty Trust, Inc. (NYSE:IRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,754 shares of the real estate investment trust’s stock, valued at approximately $528,000.

Several other institutional investors also recently modified their holdings of IRT. Verition Fund Management LLC lifted its position in Independence Realty Trust by 82.6% during the third quarter. Verition Fund Management LLC now owns 109,575 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 49,562 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Independence Realty Trust during the 3rd quarter worth $306,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Independence Realty Trust by 419.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,433,058 shares of the real estate investment trust’s stock worth $29,378,000 after acquiring an additional 1,157,052 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Independence Realty Trust by 0.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,984 shares of the real estate investment trust’s stock valued at $2,050,000 after acquiring an additional 526 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Independence Realty Trust by 9.4% during the third quarter. BNP Paribas Financial Markets now owns 55,102 shares of the real estate investment trust’s stock valued at $1,130,000 after purchasing an additional 4,755 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Independence Realty Trust Stock Down 1.0 %

Shares of IRT opened at $21.03 on Friday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 18.74, a PEG ratio of 3.06 and a beta of 1.19. Independence Realty Trust, Inc. has a twelve month low of $14.06 and a twelve month high of $22.26. The firm has a fifty day simple moving average of $20.36 and a two-hundred day simple moving average of $19.45.

Independence Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.04%.

Independence Realty Trust Company 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.