ProShare Advisors LLC Sells 2,936 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

ProShare Advisors LLC trimmed its holdings in shares of Independence Realty Trust, Inc. (NYSE:IRTFree Report) by 6.9% during the first quarter, Holdings Channel.com reports. The fund owned 39,755 shares of the real estate investment trust’s stock after selling 2,936 shares during the quarter. ProShare Advisors LLC’s holdings in Independence Realty Trust were worth $637,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IRT. Lazard Asset Management LLC bought a new position in Independence Realty Trust in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its holdings in Independence Realty Trust by 700.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,048 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,792 shares during the period. Sound Income Strategies LLC increased its holdings in Independence Realty Trust by 31.4% in the 1st quarter. Sound Income Strategies LLC now owns 3,563 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 852 shares during the period. WealthPLAN Partners LLC bought a new position in Independence Realty Trust in the 1st quarter valued at about $74,000. Finally, Quadrant Capital Group LLC increased its holdings in Independence Realty Trust by 306.5% in the 4th quarter. Quadrant Capital Group LLC now owns 7,808 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 5,887 shares during the period. 85.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Independence Realty Trust in a report on Thursday, August 17th. They set a “sell” rating on the stock. Barclays decreased their price target on shares of Independence Realty Trust from $24.00 to $22.00 in a report on Wednesday, May 31st. Finally, BMO Capital Markets lowered shares of Independence Realty Trust from an “outperform” rating to a “market perform” rating and set a $19.00 price target on the stock. in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Independence Realty Trust presently has an average rating of “Hold” and an average price target of $19.89.

Get Our Latest Research Report on IRT

Independence Realty Trust Stock Performance

Shares of NYSE IRT opened at $16.25 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 52.42, a price-to-earnings-growth ratio of 7.12 and a beta of 0.99. Independence Realty Trust, Inc. has a 52-week low of $14.55 and a 52-week high of $20.63. The company’s 50 day moving average price is $17.00 and its 200-day moving average price is $16.98.

Independence Realty Trust Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Independence Realty Trust, Inc. (NYSE:IRTFree Report).

Institutional Ownership by Quarter for Independence Realty Trust (NYSE:IRT)

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