54,454 Shares in Independence Realty Trust, Inc. (NYSE:IRT) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in Independence Realty Trust, Inc. (NYSE:IRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,454 shares of the real estate investment trust's stock, valued at approximately $1,080,000.

Several other institutional investors have also recently made changes to their positions in the business. Global Retirement Partners LLC increased its holdings in Independence Realty Trust by 66.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,310 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 521 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Independence Realty Trust by 627.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,328 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 2,008 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Independence Realty Trust by 67.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,491 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Independence Realty Trust by 33.9% during the 4th quarter. Blue Trust Inc. now owns 2,735 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 692 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Independence Realty Trust during the 4th quarter valued at approximately $70,000. Institutional investors own 88.25% of the company's stock.

Insider Activity

In other news, CEO Scott Schaeffer sold 10,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $21.21, for a total value of $212,100.00. Following the sale, the chief executive officer now directly owns 873,365 shares in the company, valued at approximately $18,524,071.65. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 11,000 shares of company stock worth $232,245. Corporate insiders own 0.58% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on IRT shares. JMP Securities restated a "market outperform" rating and issued a $25.00 price target on shares of Independence Realty Trust in a research report on Monday, May 5th. Jefferies Financial Group upgraded Independence Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $20.00 to $24.00 in a research report on Monday, March 10th. Compass Point restated a "neutral" rating and issued a $22.00 price target on shares of Independence Realty Trust in a research report on Tuesday, May 13th. UBS Group initiated coverage on Independence Realty Trust in a research report on Monday, April 7th. They issued a "buy" rating and a $24.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Independence Realty Trust in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $24.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.70.

Independence Realty Trust Stock Performance

Independence Realty Trust stock traded down $0.25 during midday trading on Friday, hitting $18.00. 2,075,544 shares of the company's stock were exchanged, compared to its average volume of 2,091,890. Independence Realty Trust, Inc. has a 12 month low of $15.66 and a 12 month high of $22.26. The firm has a 50-day moving average of $19.46 and a two-hundred day moving average of $20.07. The company has a market cap of $4.21 billion, a PE ratio of 99.98, a P/E/G ratio of 2.91 and a beta of 0.98.

Independence Realty Trust (NYSE:IRT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Independence Realty Trust had a return on equity of 1.11% and a net margin of 6.15%. The business had revenue of $160.91 million for the quarter, compared to the consensus estimate of $164.08 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm's revenue was up .4% on a year-over-year basis. As a group, equities analysts expect that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current year.

Independence Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.78%. This is a boost from Independence Realty Trust's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, June 27th. Independence Realty Trust's dividend payout ratio is presently 485.71%.

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.