Farringdon Capital Ltd. Purchases Shares of 13,608 Independence Realty Trust, Inc. (NYSE:IRT)

Farringdon Capital Ltd. purchased a new stake in Independence Realty Trust, Inc. (NYSE:IRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,608 shares of the real estate investment trust's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IRT. Global Retirement Partners LLC boosted its stake in Independence Realty Trust by 66.0% in 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 stake in Independence Realty Trust by 627.5% in 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 during the period. Jones Financial Companies Lllp boosted its stake in Independence Realty Trust by 67.1% in 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. boosted its stake in 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 worth $56,000 after purchasing an additional 692 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in Independence Realty Trust in the 4th quarter worth $70,000. Institutional investors and hedge funds own 88.25% of the company's stock.

Insider Buying and Selling

In other Independence Realty Trust news, CEO Scott Schaeffer sold 10,000 shares of Independence Realty Trust stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $21.21, for a total value of $212,100.00. Following the transaction, the chief executive officer now owns 873,365 shares in the company, valued at $18,524,071.65. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by company insiders.

Independence Realty Trust Trading Up 0.2 %

Shares of NYSE:IRT traded up $0.03 during trading on Thursday, reaching $19.62. 247,261 shares of the stock were exchanged, compared to its average volume of 1,957,806. Independence Realty Trust, Inc. has a 12 month low of $15.27 and a 12 month high of $22.26. The stock has a 50-day moving average price of $20.25 and a 200-day moving average price of $20.13. The firm has a market cap of $4.54 billion, a PE ratio of 109.01, a PEG ratio of 2.91 and a beta of 0.98.

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

Independence Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, March 28th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Friday, March 28th. Independence Realty Trust's dividend payout ratio (DPR) is presently 355.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IRT shares. UBS Group assumed coverage on shares of Independence Realty Trust in a research note on Monday, April 7th. They issued a "buy" rating and a $24.00 target price for the company. Wells Fargo & Company began coverage on Independence Realty Trust in a research report on Wednesday, March 19th. They set an "overweight" rating and a $24.00 price target for the company. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price target on shares of Independence Realty Trust in a research report on Tuesday, February 11th. Barclays increased their price objective on Independence Realty Trust from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Finally, Jefferies Financial Group upgraded shares of Independence Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $24.00 in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Independence Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $22.33.

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.