XTX Topco Ltd Buys 35,766 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

XTX Topco Ltd boosted its stake in Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 163.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,635 shares of the real estate investment trust's stock after buying an additional 35,766 shares during the period. XTX Topco Ltd's holdings in Independence Realty Trust were worth $1,143,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mariner LLC lifted its holdings in Independence Realty Trust by 13.7% during the 4th quarter. Mariner LLC now owns 25,165 shares of the real estate investment trust's stock worth $499,000 after buying an additional 3,037 shares in the last quarter. Barclays PLC boosted its holdings in Independence Realty Trust by 34.3% in the 4th quarter. Barclays PLC now owns 537,764 shares of the real estate investment trust's stock valued at $10,670,000 after purchasing an additional 137,388 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Independence Realty Trust by 833.6% during the 4th quarter. Sterling Capital Management LLC now owns 7,254 shares of the real estate investment trust's stock worth $144,000 after purchasing an additional 6,477 shares during the period. Bank of Montreal Can raised its holdings in Independence Realty Trust by 10.3% during the fourth quarter. Bank of Montreal Can now owns 38,439 shares of the real estate investment trust's stock worth $763,000 after purchasing an additional 3,604 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Independence Realty Trust by 24.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,162,523 shares of the real estate investment trust's stock valued at $23,064,000 after purchasing an additional 231,365 shares during the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Independence Realty Trust news, CEO Scott Schaeffer sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $21.21, for a total transaction of $212,100.00. Following the transaction, the chief executive officer now owns 873,365 shares of the company's stock, valued at $18,524,071.65. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.58% of the company's stock.

Analyst Ratings Changes

IRT has been the topic of a number of research analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $22.00 target price on shares of Independence Realty Trust in a report on Tuesday, February 11th. Wells Fargo & Company started coverage on shares of Independence Realty Trust in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $24.00 price target for the company. Jefferies Financial Group raised Independence Realty Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $24.00 in a research note on Monday, March 10th. Barclays increased their price target on shares of Independence Realty Trust from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Finally, UBS Group assumed coverage on shares of Independence Realty Trust in a research report on Monday, April 7th. They issued a "buy" rating and a $24.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.33.

Independence Realty Trust Stock Down 1.0 %

IRT stock traded down $0.20 during trading on Monday, hitting $18.95. The company had a trading volume of 153,932 shares, compared to its average volume of 2,108,397. Independence Realty Trust, Inc. has a 12 month low of $15.27 and a 12 month high of $22.26. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 105.28, a PEG ratio of 2.91 and a beta of 0.98. The firm has a 50-day moving average price of $20.31 and a 200-day moving average price of $20.14.

Independence Realty Trust (NYSE:IRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share (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%. Equities analysts expect that Independence Realty Trust, Inc. will post 1.19 EPS for the current year.

Independence Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, March 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, March 28th. Independence Realty Trust's dividend payout ratio is 355.56%.

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.