Independence Realty Trust, Inc. (NYSE:IRT) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 141.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,454 shares of the real estate investment trust's stock after purchasing an additional 16,084 shares during the period. Kingswood Wealth Advisors LLC's holdings in Independence Realty Trust were worth $545,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IRT. Mattson Financial Services LLC purchased a new position in shares of Independence Realty Trust in the 2nd quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in shares of Independence Realty Trust during the third quarter valued at about $28,000. Blue Trust Inc. lifted its stake in shares of Independence Realty Trust by 295.9% in the 3rd quarter. Blue Trust Inc. now owns 2,043 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 1,527 shares during the period. Assetmark Inc. bought a new stake in shares of Independence Realty Trust in the 3rd quarter worth $41,000. Finally, Avior Wealth Management LLC lifted its stake in Independence Realty Trust by 437.8% during the third quarter. Avior Wealth Management LLC now owns 3,001 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 2,443 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IRT shares. Barclays cut their price objective on Independence Realty Trust from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. BMO Capital Markets upgraded shares of Independence Realty Trust from an "underperform" rating to a "market perform" rating and increased their target price for the company from $19.00 to $21.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.86.

Independence Realty Trust Price Performance

Shares of NYSE:IRT traded up $0.41 on Thursday, hitting $19.26. The company's stock had a trading volume of 415,220 shares, compared to its average volume of 1,493,636. Independence Realty Trust, Inc. has a 1 year low of $14.07 and a 1 year high of $22.26. The company has a market capitalization of $4.33 billion, a PE ratio of 16.38, a PEG ratio of 2.61 and a beta of 1.21. The company has a 50-day simple moving average of $20.18 and a 200 day simple moving average of $20.01.

Independence Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.32%.

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.