Private Advisor Group LLC Invests $257,000 in Independence Realty Trust, Inc. (NYSE:IRT)

Private Advisor Group LLC acquired a new stake in shares of Independence Realty Trust, Inc. (NYSE:IRT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,534 shares of the real estate investment trust’s stock, valued at approximately $257,000.

Other large investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Independence Realty Trust during the 2nd quarter valued at $25,000. V Square Quantitative Management LLC purchased a new position in shares of Independence Realty Trust during the 3rd quarter valued at $28,000. Mattson Financial Services LLC purchased a new position in shares of Independence Realty Trust during the 2nd quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new position in shares of Independence Realty Trust during the 1st quarter valued at $31,000. Finally, Blue Trust Inc. lifted its stake in shares of Independence Realty Trust by 295.9% during the 3rd quarter. Blue Trust Inc. now owns 2,043 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,527 shares in the last quarter. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Independence Realty Trust Trading Up 1.4 %

Shares of NYSE:IRT opened at $20.53 on Friday. Independence Realty Trust, Inc. has a 12 month low of $12.50 and a 12 month high of $21.20. The company has a 50-day moving average price of $20.07 and a 200 day moving average price of $18.74. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.75 and a beta of 1.17.

Independence Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Monday, September 30th.

Analyst Ratings Changes

IRT has been the subject of several research reports. JMP Securities increased their price objective on shares of Independence Realty Trust from $20.00 to $22.00 and gave the company a “market outperform” rating in a report on Monday, September 9th. BTIG Research increased their price objective on shares of Independence Realty Trust from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Independence Realty Trust from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, KeyCorp increased their price objective on shares of Independence Realty Trust from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, Independence Realty Trust has an average rating of “Moderate Buy” and an average price target of $19.57.

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.