Signaturefd LLC Acquires 1,189 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Signaturefd LLC boosted its holdings in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,114 shares of the real estate investment trust’s stock after buying an additional 1,189 shares during the period. Signaturefd LLC’s holdings in Independence Realty Trust were worth $379,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Independence Realty Trust by 24.4% in the third quarter. Wellington Management Group LLP now owns 11,360,979 shares of the real estate investment trust’s stock worth $232,900,000 after buying an additional 2,225,371 shares during the period. Jennison Associates LLC increased its holdings in shares of Independence Realty Trust by 4.8% in the fourth quarter. Jennison Associates LLC now owns 6,139,652 shares of the real estate investment trust’s stock worth $121,811,000 after buying an additional 278,959 shares during the period. Geode Capital Management LLC increased its holdings in shares of Independence Realty Trust by 0.9% in the third quarter. Geode Capital Management LLC now owns 5,857,943 shares of the real estate investment trust’s stock worth $120,108,000 after buying an additional 50,788 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Independence Realty Trust by 236.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,027,943 shares of the real estate investment trust’s stock worth $82,573,000 after buying an additional 2,829,247 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Independence Realty Trust by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,561,615 shares of the real estate investment trust’s stock valued at $70,662,000 after purchasing an additional 60,919 shares during the period. Institutional investors own 88.25% of the company’s stock.

Independence Realty Trust Trading Down 0.4 %

Shares of IRT opened at $20.86 on Friday. The firm has a market cap of $4.82 billion, a PE ratio of 115.86, a P/E/G ratio of 2.91 and a beta of 1.18. The firm has a fifty day simple moving average of $20.09 and a two-hundred day simple moving average of $20.29. Independence Realty Trust, Inc. has a 1-year low of $15.25 and a 1-year high of $22.26.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.08 by $0.24. Independence Realty Trust had a return on equity of 1.11% and a net margin of 6.15%. As a group, research analysts forecast that Independence Realty Trust, Inc. will post 1.19 EPS for the current fiscal year.

Independence Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, March 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.64 annualized dividend and a dividend yield of 3.07%. Independence Realty Trust’s dividend payout ratio (DPR) is 355.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on Independence Realty Trust in a report on Wednesday. They set an “overweight” rating and a $24.00 price target on the stock. Barclays reduced their target price on Independence Realty Trust from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Jefferies Financial Group raised Independence Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $24.00 in a research report on Monday, March 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price objective on shares of Independence Realty Trust in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

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.