B&I Capital AG Sells 73,500 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

B&I Capital AG lowered its holdings in Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,960 shares of the real estate investment trust's stock after selling 73,500 shares during the period. Independence Realty Trust comprises 3.2% of B&I Capital AG's holdings, making the stock its 12th biggest holding. B&I Capital AG owned about 0.22% of Independence Realty Trust worth $9,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jones Financial Companies Lllp grew its position in Independence Realty Trust by 67.1% in the fourth quarter. Jones Financial Companies Lllp now owns 2,491 shares of the real estate investment trust's stock worth $49,000 after buying an additional 1,000 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake 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 acquiring an additional 2,008 shares in the last quarter. Aew Capital Management L P grew its holdings in shares of Independence Realty Trust by 23.1% in the 4th quarter. Aew Capital Management L P now owns 2,316,915 shares of the real estate investment trust's stock worth $45,968,000 after acquiring an additional 434,290 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Independence Realty Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 25,769 shares of the real estate investment trust's stock worth $511,000 after purchasing an additional 2,631 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Independence Realty Trust during the fourth quarter valued at $204,000. 88.25% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JMP Securities reissued a "market outperform" rating and issued a $22.00 price target on shares of Independence Realty Trust in a research note on Tuesday, February 11th. BMO Capital Markets raised shares of Independence Realty Trust from an "underperform" rating to a "market perform" rating and lifted their target price for the stock from $19.00 to $21.00 in a research report on Friday, November 15th. Finally, Barclays reduced their price target on shares of Independence Realty Trust from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.33.

Independence Realty Trust Trading Down 2.3 %

NYSE:IRT traded down $0.49 on Thursday, hitting $20.95. 1,918,032 shares of the company's stock traded hands, compared to its average volume of 2,009,976. The company has a market cap of $4.84 billion, a PE ratio of 116.39, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The firm has a 50-day moving average price of $19.80 and a 200-day moving average price of $20.23. Independence Realty Trust, Inc. has a 1 year low of $15.23 and a 1 year high of $22.26.

Independence Realty Trust (NYSE:IRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.08 by $0.24. Independence Realty Trust had a net margin of 6.15% and a return on equity of 1.11%. On average, research analysts forecast that Independence Realty Trust, Inc. will post 1.19 EPS for the current fiscal year.

Independence Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Tuesday, December 31st. Independence Realty Trust's dividend payout ratio (DPR) is presently 355.56%.

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.