Independence Realty Trust, Inc. (NYSE:IRT) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd raised its position in Independence Realty Trust, Inc. (NYSE:IRT) by 163.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,635 shares of the real estate investment trust’s stock after purchasing an additional 35,766 shares during the quarter. XTX Topco Ltd’s holdings in Independence Realty Trust were worth $1,143,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in Independence Realty Trust by 66.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,310 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Independence Realty Trust by 627.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,328 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,008 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Independence Realty Trust by 67.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,491 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. lifted its holdings in shares of Independence Realty Trust by 33.9% in the 4th quarter. Blue Trust Inc. now owns 2,735 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 692 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Independence Realty Trust during the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Independence Realty Trust Stock Performance

Shares of IRT opened at $18.76 on Wednesday. Independence Realty Trust, Inc. has a 1 year low of $15.27 and a 1 year high of $22.26. The stock has a market capitalization of $4.33 billion, a PE ratio of 104.19, a PEG ratio of 2.91 and a beta of 0.98. The stock has a 50-day simple moving average of $20.37 and a 200-day simple moving average of $20.17.

Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.24. Independence Realty Trust had a net margin of 6.15% and a return on equity of 1.11%. Analysts predict that Independence Realty Trust, Inc. will post 1.19 EPS for the current year.

Independence Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Friday, March 28th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, March 28th. Independence Realty Trust’s dividend payout ratio (DPR) is presently 355.56%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays boosted their target price on Independence Realty Trust from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. JMP Securities reissued a “market outperform” rating and set a $22.00 target price on shares of Independence Realty Trust in a research note on Tuesday, February 11th. Jefferies Financial Group raised Independence Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $24.00 in a research report on Monday, March 10th. UBS Group began coverage on shares of Independence Realty Trust in a research note on Monday, April 7th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Wells Fargo & Company started coverage on shares of Independence Realty Trust in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $24.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Insider Buying and Selling at Independence Realty Trust

In other news, CEO Scott Schaeffer sold 10,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $21.21, for a total value of $212,100.00. Following the transaction, the chief executive officer now owns 873,365 shares in the company, valued at approximately $18,524,071.65. This represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by insiders.

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.