Independence Realty Trust, Inc. (NYSE:IRT) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in Independence Realty Trust, Inc. (NYSE:IRT) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,831 shares of the real estate investment trust’s stock after purchasing an additional 643 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Independence Realty Trust worth $2,654,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in Independence Realty Trust by 23.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,702 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 6,049 shares during the last quarter. Mather Group LLC. bought a new position in Independence Realty Trust during the third quarter worth $159,000. Inspire Investing LLC boosted its holdings in Independence Realty Trust by 28.1% in the third quarter. Inspire Investing LLC now owns 24,150 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 5,302 shares during the period. Koshinski Asset Management Inc. increased its stake in Independence Realty Trust by 144.2% during the third quarter. Koshinski Asset Management Inc. now owns 44,395 shares of the real estate investment trust’s stock valued at $910,000 after purchasing an additional 26,213 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Independence Realty Trust by 2.6% during the third quarter. Creative Planning now owns 101,549 shares of the real estate investment trust’s stock worth $2,082,000 after purchasing an additional 2,587 shares during the period. Institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

IRT has been the subject of several research reports. Barclays decreased their price target on shares of Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. BMO Capital Markets upgraded Independence Realty Trust from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.86.

Independence Realty Trust Trading Up 0.3 %

Shares of NYSE:IRT opened at $19.92 on Monday. The firm’s 50 day moving average is $19.85 and its two-hundred day moving average is $20.04. The firm has a market capitalization of $4.48 billion, a P/E ratio of 17.43, a PEG ratio of 2.77 and a beta of 1.21. Independence Realty Trust, Inc. has a 52 week low of $14.07 and a 52 week high of $22.26.

Independence Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, December 31st.

Independence Realty Trust Company 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.