Kestra Private Wealth Services LLC Has $1.24 Million Holdings in Independence Realty Trust, Inc. (NYSE:IRT)

Kestra Private Wealth Services LLC decreased its position in Independence Realty Trust, Inc. (NYSE:IRT) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,705 shares of the real estate investment trust’s stock after selling 2,585 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Independence Realty Trust were worth $1,244,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Independence Realty Trust in the third quarter valued at about $28,000. Blue Trust Inc. raised its stake in shares of 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 worth $38,000 after purchasing an additional 1,527 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Independence Realty Trust in the 3rd quarter valued at approximately $41,000. Avior Wealth Management LLC grew its stake in shares of Independence Realty Trust by 437.8% in 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. Finally, Sunbelt Securities Inc. acquired a new position in Independence Realty Trust during the third quarter worth $64,000. Institutional investors own 88.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on IRT shares. BMO Capital Markets upgraded shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and increased their price target for the company from $19.00 to $21.00 in a research note on Friday, November 15th. Barclays cut their target price on shares of Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $22.00 price target on shares of Independence Realty Trust in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Independence Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $20.86.

Independence Realty Trust Stock Performance

Shares of IRT stock opened at $20.09 on Thursday. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.77 and a beta of 1.21. Independence Realty Trust, Inc. has a 52 week low of $14.07 and a 52 week high of $22.26. The company has a 50-day simple moving average of $19.80 and a 200 day simple moving average of $20.06.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.24. Independence Realty Trust had a negative return on equity of 0.01% and a negative net margin of 0.03%. Sell-side analysts forecast that Independence Realty Trust, Inc. will post 1.15 EPS for the current year.

Independence Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 3.19%.

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.