Independence Realty Trust, Inc. (NYSE:IRT) Shares Sold by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV lessened its holdings in Independence Realty Trust, Inc. (NYSE:IRT) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,480 shares of the real estate investment trust’s stock after selling 1,780 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Independence Realty Trust were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Independence Realty Trust in the third quarter worth approximately $28,000. Assetmark Inc. acquired a new position in shares of Independence Realty Trust in the 3rd quarter valued at $41,000. Blue Trust Inc. increased its position in shares of Independence Realty Trust by 295.9% during the third quarter. Blue Trust Inc. now owns 2,043 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,527 shares during the last quarter. Avior Wealth Management LLC raised its position in Independence Realty Trust by 437.8% in the third quarter. Avior Wealth Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 2,443 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in Independence Realty Trust during the 3rd quarter worth about $64,000. 88.25% of the stock is owned by institutional investors and hedge funds.

Independence Realty Trust Stock Up 0.3 %

Shares of NYSE:IRT opened at $19.92 on Friday. The company has a market cap of $4.48 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.77 and a beta of 1.21. Independence Realty Trust, Inc. has a 52 week low of $14.07 and a 52 week high of $22.26. The business has a fifty day simple moving average of $19.85 and a 200-day simple moving average of $20.03.

Independence Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, December 31st.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. BMO Capital Markets raised Independence Realty Trust from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $19.00 to $21.00 in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.86.

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.