143,649 Shares in Independence Realty Trust, Inc. (NYSE:IRT) Purchased by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. bought a new stake in Independence Realty Trust, Inc. (NYSE:IRT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 143,649 shares of the real estate investment trust’s stock, valued at approximately $2,864,000.

Several other institutional investors have also recently bought and sold shares of the company. Hilton Capital Management LLC acquired a new stake in shares of Independence Realty Trust in the third quarter valued at approximately $7,573,000. SMART Wealth LLC bought a new position in Independence Realty Trust during the third quarter worth about $873,000. Barclays PLC boosted its stake in shares of Independence Realty Trust by 182.3% during the 3rd quarter. Barclays PLC now owns 400,376 shares of the real estate investment trust’s stock worth $8,208,000 after acquiring an additional 258,549 shares during the period. JPMorgan Chase & Co. boosted its position in Independence Realty Trust by 38.0% during the third quarter. JPMorgan Chase & Co. now owns 2,495,118 shares of the real estate investment trust’s stock worth $51,150,000 after purchasing an additional 686,630 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Independence Realty Trust in the 3rd quarter valued at about $1,594,000. Institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IRT. BMO Capital Markets raised Independence Realty Trust from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $19.00 to $21.00 in a report on Friday, November 15th. Barclays decreased their price objective on shares of Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Independence Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $20.86.

Independence Realty Trust Trading Up 0.8 %

Independence Realty Trust stock opened at $20.07 on Tuesday. The stock has a 50-day moving average price of $19.85 and a two-hundred day moving average price of $20.04. Independence Realty Trust, Inc. has a 12 month low of $14.07 and a 12 month high of $22.26. The company has a market capitalization of $4.52 billion, a PE ratio of 17.46, a P/E/G ratio of 2.77 and a beta of 1.21.

Independence Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.19%.

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.