Susquehanna Fundamental Investments LLC Invests $2.05 Million in Independence Realty Trust, Inc. (NYSE:IRT)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Independence Realty Trust, Inc. (NYSE:IRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 103,549 shares of the real estate investment trust's stock, valued at approximately $2,054,000.

Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in Independence Realty Trust by 66.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,310 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of 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 worth $46,000 after purchasing an additional 2,008 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 worth $49,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. increased its holdings in shares of Independence Realty Trust by 33.9% in the 4th quarter. Blue Trust Inc. now owns 2,735 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 692 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Independence Realty Trust in the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 88.25% of the company's stock.

Independence Realty Trust Price Performance

Shares of Independence Realty Trust stock traded down $0.03 during midday trading on Tuesday, hitting $19.46. The company had a trading volume of 135,291 shares, compared to its average volume of 2,089,188. The stock has a market cap of $4.50 billion, a PE ratio of 108.06, a P/E/G ratio of 2.91 and a beta of 0.98. The business's 50 day simple moving average is $20.05 and its two-hundred day simple moving average is $20.14. Independence Realty Trust, Inc. has a 1-year low of $15.66 and a 1-year high of $22.26.

Independence Realty Trust (NYSE:IRT - Get Free Report) last issued its quarterly 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 net margin of 6.15% and a return on equity of 1.11%. The firm had revenue of $160.91 million for the quarter, compared to the consensus estimate of $164.08 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company's revenue was up .4% on a year-over-year basis. On average, sell-side analysts expect that Independence Realty Trust, Inc. will post 1.19 EPS for the current fiscal year.

Independence Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, March 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Friday, March 28th. Independence Realty Trust's dividend payout ratio is 457.14%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Independence Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the company from $20.00 to $24.00 in a report on Monday, March 10th. UBS Group started coverage on Independence Realty Trust in a report on Monday, April 7th. They issued a "buy" rating and a $24.00 price target on the stock. Barclays raised their target price on Independence Realty Trust from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. JMP Securities reiterated a "market outperform" rating and issued a $25.00 price objective on shares of Independence Realty Trust in a research report on Monday. Finally, Wells Fargo & Company started coverage on Independence Realty Trust in a report on Wednesday, March 19th. They set an "overweight" rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.67.

Insider Activity

In other Independence Realty Trust news, CEO Scott Schaeffer sold 10,000 shares of Independence Realty Trust 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 sale, the chief executive officer now directly owns 873,365 shares of the company's stock, valued at approximately $18,524,071.65. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 11,000 shares of company stock worth $232,245. Corporate insiders own 0.58% of the company's stock.

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.