Signaturefd LLC Grows Holdings in Independence Realty Trust, Inc. (NYSE:IRT)

Signaturefd LLC raised its position in Independence Realty Trust, Inc. (NYSE:IRT) by 82.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,947 shares of the real estate investment trust’s stock after purchasing an additional 5,392 shares during the period. Signaturefd LLC’s holdings in Independence Realty Trust were worth $183,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its stake in shares of Independence Realty Trust by 4.0% during the 3rd quarter. AE Wealth Management LLC now owns 58,990 shares of the real estate investment trust’s stock valued at $830,000 after acquiring an additional 2,271 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Independence Realty Trust by 328.7% during the 3rd quarter. SG Americas Securities LLC now owns 111,910 shares of the real estate investment trust’s stock valued at $1,575,000 after acquiring an additional 85,804 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Independence Realty Trust during the 3rd quarter valued at about $162,000. Handelsbanken Fonder AB increased its stake in shares of Independence Realty Trust by 41.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 69,061 shares of the real estate investment trust’s stock valued at $972,000 after acquiring an additional 20,300 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Independence Realty Trust by 1.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 166,731 shares of the real estate investment trust’s stock valued at $2,346,000 after acquiring an additional 2,947 shares during the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Stock Up 1.3 %

Shares of NYSE:IRT opened at $15.86 on Friday. Independence Realty Trust, Inc. has a 52-week low of $11.61 and a 52-week high of $18.77. The company has a 50 day moving average of $15.66 and a two-hundred day moving average of $14.79. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -528.49, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07.

Independence Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, March 29th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.04%. The ex-dividend date was Wednesday, March 27th. Independence Realty Trust’s dividend payout ratio (DPR) is -2,132.62%.

Wall Street Analyst Weigh In

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

About Independence Realty Trust

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.