Mutual of America Capital Management LLC Has $2.12 Million Stock Holdings in Independence Realty Trust, Inc. (NYSE:IRT)

Mutual of America Capital Management LLC decreased its position in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 138,830 shares of the real estate investment trust’s stock after selling 7,025 shares during the period. Mutual of America Capital Management LLC’s holdings in Independence Realty Trust were worth $2,124,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IRT. Peregrine Capital Management LLC acquired a new stake in Independence Realty Trust in the fourth quarter valued at approximately $7,728,000. Aurora Investment Managers LLC. boosted its position in Independence Realty Trust by 62.8% in the fourth quarter. Aurora Investment Managers LLC. now owns 33,382 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 12,876 shares in the last quarter. Jennison Associates LLC boosted its position in Independence Realty Trust by 2.4% in the third quarter. Jennison Associates LLC now owns 3,187,637 shares of the real estate investment trust’s stock valued at $44,850,000 after buying an additional 75,700 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Independence Realty Trust by 27.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 170,844 shares of the real estate investment trust’s stock valued at $2,404,000 after buying an additional 37,034 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in Independence Realty Trust by 36.1% in the fourth quarter. Sound Income Strategies LLC now owns 4,850 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

Analysts Set New Price Targets

IRT has been the topic of a number of research analyst reports. JMP Securities raised their target price on shares of Independence Realty Trust from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 6th. Royal Bank of Canada raised their target price on shares of Independence Realty Trust from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. TheStreet lowered shares of Independence Realty Trust from a “c” rating to a “d+” rating in a report on Friday, March 1st. Barclays cut their price target on shares of Independence Realty Trust from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Independence Realty Trust in a report on Tuesday, January 30th. They set a “buy” rating and a $18.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.00.

Independence Realty Trust Stock Performance

Shares of NYSE:IRT opened at $15.62 on Friday. Independence Realty Trust, Inc. has a 52 week low of $11.61 and a 52 week high of $18.77. The firm’s fifty day moving average is $15.58 and its 200-day moving average is $14.72. The firm has a market cap of $3.52 billion, a PE ratio of -223.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07.

Independence Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, March 29th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Wednesday, March 27th. Independence Realty Trust’s dividend payout ratio is presently -914.29%.

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.