Thrivent Financial for Lutherans Has $15.29 Million Stock Holdings in Independence Realty Trust, Inc. (NYSE:IRT)

Thrivent Financial for Lutherans boosted its holdings in shares of Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 745,930 shares of the real estate investment trust's stock after purchasing an additional 24,639 shares during the period. Thrivent Financial for Lutherans owned 0.33% of Independence Realty Trust worth $15,291,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bayesian Capital Management LP acquired a new stake in shares of Independence Realty Trust in the first quarter valued at $499,000. Vanguard Group Inc. lifted its position in shares of Independence Realty Trust by 1.1% during the first quarter. Vanguard Group Inc. now owns 32,744,270 shares of the real estate investment trust's stock worth $528,165,000 after purchasing an additional 343,334 shares in the last quarter. Boston Partners acquired a new stake in shares of Independence Realty Trust in the first quarter valued at approximately $892,000. Russell Investments Group Ltd. increased its holdings in shares of Independence Realty Trust by 35.9% in the first quarter. Russell Investments Group Ltd. now owns 205,491 shares of the real estate investment trust's stock valued at $3,315,000 after purchasing an additional 54,279 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of Independence Realty Trust by 132.9% in the first quarter. Cetera Advisors LLC now owns 241,924 shares of the real estate investment trust's stock valued at $3,902,000 after purchasing an additional 138,028 shares in the last quarter. Institutional investors own 88.25% of the company's stock.

Independence Realty Trust Stock Down 0.0 %

Shares of NYSE IRT opened at $21.35 on Thursday. Independence Realty Trust, Inc. has a twelve month low of $13.11 and a twelve month high of $21.49. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 79.07, a P/E/G ratio of 3.00 and a beta of 1.17. The company's fifty day moving average is $20.21 and its 200-day moving average is $19.10.

Independence Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Monday, September 30th. Independence Realty Trust's dividend payout ratio (DPR) is presently 237.04%.

Wall Street Analyst Weigh In

A number of brokerages have commented on IRT. BMO Capital Markets upgraded Independence Realty Trust from an "underperform" rating to a "market perform" rating and increased their price objective for the company from $19.00 to $21.00 in a research report on Friday, November 15th. BTIG Research lifted their price objective on Independence Realty Trust from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Independence Realty Trust from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. JMP Securities lifted their price target on shares of Independence Realty Trust from $20.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Monday, September 9th. Finally, KeyCorp increased their price objective on shares of Independence Realty Trust from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $20.43.

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.