21,869 Shares in Independence Realty Trust, Inc. (NYSE:IRT) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in Independence Realty Trust, Inc. (NYSE:IRT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,869 shares of the real estate investment trust’s stock, valued at approximately $448,000.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Independence Realty Trust during the second quarter valued at $25,000. Mattson Financial Services LLC purchased a new position in shares of Independence Realty Trust during the second quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in shares of Independence Realty Trust during the third quarter valued at $28,000. Blue Trust Inc. grew its holdings 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 buying an additional 1,527 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in shares of Independence Realty Trust during the third quarter valued at $41,000. 88.25% of the stock is currently owned by institutional investors and hedge funds.

Independence Realty Trust Price Performance

Shares of NYSE:IRT opened at $21.40 on Friday. Independence Realty Trust, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $22.26. The business has a 50-day moving average of $20.52 and a two-hundred day moving average of $19.66. The stock has a market capitalization of $4.82 billion, a P/E ratio of 79.26, a P/E/G ratio of 3.07 and a beta of 1.19.

Independence Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.99%. Independence Realty Trust’s dividend payout ratio is 237.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IRT. JMP Securities lifted their price target on Independence Realty Trust from $20.00 to $22.00 and gave the company a “market outperform” rating in a report on Monday, September 9th. KeyCorp lifted 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. BMO Capital Markets raised Independence Realty Trust from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $19.00 to $21.00 in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Independence Realty Trust from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. One 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, the company currently 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.