Easterly Investment Partners LLC Buys Shares of 543,000 Independence Realty Trust, Inc. (NYSE:IRT)

Easterly Investment Partners LLC acquired a new stake in shares of Independence Realty Trust, Inc. (NYSE:IRT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 543,000 shares of the real estate investment trust's stock, valued at approximately $11,132,000. Easterly Investment Partners LLC owned approximately 0.24% of Independence Realty Trust at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IRT. Ashton Thomas Private Wealth LLC bought a new position in Independence Realty Trust during the 2nd quarter valued at $25,000. Mattson Financial Services LLC bought a new position in Independence Realty Trust during the 2nd quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in Independence Realty Trust during the 3rd quarter valued at $28,000. Pathway Financial Advisers LLC bought a new position in Independence Realty Trust during the 1st quarter valued at $31,000. Finally, Blue Trust Inc. lifted its stake in Independence Realty Trust by 295.9% during the 3rd quarter. Blue Trust Inc. now owns 2,043 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 1,527 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

Independence Realty Trust Stock Up 1.8 %

Independence Realty Trust stock traded up $0.37 during midday trading on Friday, reaching $20.90. The stock had a trading volume of 3,084,231 shares, compared to its average volume of 2,271,670. Independence Realty Trust, Inc. has a 12 month low of $12.50 and a 12 month high of $21.20. The firm's 50-day moving average price is $20.08 and its 200 day moving average price is $18.79. The firm has a market capitalization of $4.70 billion, a PE ratio of 16.89, a P/E/G ratio of 2.75 and a beta of 1.17.

Independence Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, September 30th.

Analysts Set New Price Targets

IRT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Independence Realty Trust from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. BTIG Research lifted their target price on Independence Realty Trust from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. KeyCorp lifted their target price on Independence Realty Trust from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Finally, JMP Securities lifted their target price on Independence Realty Trust from $20.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, Independence Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $19.57.

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.