Engineers Gate Manager LP lifted its position in shares of Independence Realty Trust, Inc. (NYSE:IRT – Get Rating) by 44.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,791 shares of the real estate investment trust’s stock after purchasing an additional 6,973 shares during the quarter. Engineers Gate Manager LP’s holdings in Independence Realty Trust were worth $381,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of Independence Realty Trust during the second quarter worth $25,000. Insight Inv LLC bought a new position in shares of Independence Realty Trust during the second quarter worth $30,000. Pinnacle Bancorp Inc. bought a new position in shares of Independence Realty Trust during the third quarter worth $34,000. Quadrant Capital Group LLC boosted its position in shares of Independence Realty Trust by 178.4% during the second quarter. Quadrant Capital Group LLC now owns 1,943 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,245 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Independence Realty Trust during the second quarter worth $54,000. 81.01% of the stock is owned by institutional investors.
Independence Realty Trust Trading Up 0.4 %
Shares of IRT stock opened at $16.73 on Tuesday. Independence Realty Trust, Inc. has a 1 year low of $15.04 and a 1 year high of $28.42. The firm’s fifty day moving average price is $18.08 and its two-hundred day moving average price is $17.66. The firm has a market capitalization of $3.75 billion, a P/E ratio of 31.57, a PEG ratio of 7.24 and a beta of 1.00.
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About Independence Realty Trust
Independence Realty Trust, Inc is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation.
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