Independence Realty Trust, Inc. (NYSE:IRT) Stock Holdings Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 322.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,585 shares of the real estate investment trust's stock after buying an additional 52,352 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Independence Realty Trust were worth $1,049,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IRT. Peregrine Capital Management LLC purchased a new position in Independence Realty Trust during the 4th quarter worth $7,728,000. Aurora Investment Managers LLC. grew its position in Independence Realty Trust by 62.8% during the 4th quarter. Aurora Investment Managers LLC. now owns 33,382 shares of the real estate investment trust's stock worth $511,000 after purchasing an additional 12,876 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Independence Realty Trust in the fourth quarter valued at about $994,000. New York Life Investment Management LLC purchased a new stake in shares of Independence Realty Trust in the fourth quarter valued at about $506,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Independence Realty Trust by 27.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 170,844 shares of the real estate investment trust's stock valued at $2,404,000 after acquiring an additional 37,034 shares in the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors.

Independence Realty Trust Stock Down 0.4 %

Shares of NYSE IRT traded down $0.07 during midday trading on Monday, hitting $17.04. The company had a trading volume of 1,894,398 shares, compared to its average volume of 2,231,582. Independence Realty Trust, Inc. has a twelve month low of $11.61 and a twelve month high of $18.77. The business has a 50-day simple moving average of $16.05 and a two-hundred day simple moving average of $15.16. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -567.81, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Independence Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, March 29th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Wednesday, March 27th. Independence Realty Trust's payout ratio is currently -2,132.62%.

Wall Street Analyst Weigh In

IRT has been the topic of several analyst reports. Barclays lowered their target price on shares of Independence Realty Trust from $22.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Independence Realty Trust in a report on Tuesday, January 30th. They issued a "buy" rating and a $18.00 target price on the stock. TheStreet downgraded shares of Independence Realty Trust from a "c" rating to a "d+" rating in a report on Friday, March 1st. Royal Bank of Canada raised their price objective on shares of Independence Realty Trust from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Finally, JMP Securities raised their price objective on shares of Independence Realty Trust from $15.00 to $17.00 and gave the company a "market outperform" rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $17.00.

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.