143,649 Shares in Independence Realty Trust, Inc. (NYSE:IRT) Acquired by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. acquired a new stake in Independence Realty Trust, Inc. (NYSE:IRT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 143,649 shares of the real estate investment trust’s stock, valued at approximately $2,864,000. Lightrock Netherlands B.V. owned about 0.06% of Independence Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Independence Realty Trust in the 3rd quarter worth $28,000. Blue Trust Inc. lifted its stake in Independence Realty Trust by 295.9% in the third 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 during the period. Assetmark Inc. bought a new position in Independence Realty Trust during the third quarter worth about $41,000. Avior Wealth Management LLC boosted its holdings in Independence Realty Trust by 437.8% during the third quarter. Avior Wealth Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 2,443 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of Independence Realty Trust during the 3rd quarter worth about $64,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays cut their price target on shares of Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets upgraded shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $19.00 to $21.00 in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Independence Realty Trust has an average rating of “Moderate Buy” and an average price target of $20.86.

Independence Realty Trust Stock Performance

NYSE IRT opened at $20.07 on Tuesday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.77 and a beta of 1.21. The business has a 50 day simple moving average of $19.85 and a 200 day simple moving average of $20.04. Independence Realty Trust, Inc. has a 52-week low of $14.07 and a 52-week high of $22.26.

Independence Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Tuesday, December 31st.

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.