SG Americas Securities LLC lessened its position in Independence Realty Trust, Inc. (NYSE:IRT – Free Report) by 70.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 26,106 shares of the real estate investment trust’s stock after selling 62,479 shares during the period. SG Americas Securities LLC’s holdings in Independence Realty Trust were worth $476,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of IRT. Pensionfund Sabic boosted its position in Independence Realty Trust by 52.9% in the second quarter. Pensionfund Sabic now owns 26,000 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 9,000 shares during the last quarter. Pensionfund DSM Netherlands increased its position in shares of Independence Realty Trust by 82.4% during the 2nd quarter. Pensionfund DSM Netherlands now owns 62,000 shares of the real estate investment trust’s stock valued at $1,130,000 after purchasing an additional 28,000 shares during the last quarter. Toroso Investments LLC grew its position in Independence Realty Trust by 11.1% during the 1st quarter. Toroso Investments LLC now owns 17,676 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 1,773 shares during the last quarter. Ameriprise Financial Inc. grew its position in Independence Realty Trust by 22.9% during the 1st quarter. Ameriprise Financial Inc. now owns 573,417 shares of the real estate investment trust’s stock worth $9,195,000 after acquiring an additional 106,980 shares during the last quarter. Finally, American Trust purchased a new stake in Independence Realty Trust in the 1st quarter worth approximately $165,000. Hedge funds and other institutional investors own 85.45% of the company’s stock.
Independence Realty Trust Stock Down 0.2 %
Shares of NYSE:IRT opened at $14.06 on Friday. The business’s 50 day moving average is $16.17 and its 200 day moving average is $16.71. The stock has a market cap of $3.16 billion, a P/E ratio of 45.35, a price-to-earnings-growth ratio of 6.23 and a beta of 0.99. Independence Realty Trust, Inc. has a 52-week low of $13.89 and a 52-week high of $19.68.
Independence Realty Trust Announces Dividend
Analysts Set New Price Targets
A number of research firms have recently commented on IRT. BMO Capital Markets cut Independence Realty Trust from an “outperform” rating to a “market perform” rating and set a $19.00 target price for the company. in a research note on Tuesday, July 18th. StockNews.com initiated coverage on Independence Realty Trust in a research report on Thursday, August 17th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.89.
Get Our Latest Research Report on Independence Realty Trust
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.
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