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

Blue Zone Wealth Advisors LLC increased its holdings in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 3.6% during the fourth quarter, HoldingsChannel reports. The fund owned 224,183 shares of the real estate investment trust’s stock after buying an additional 7,756 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Independence Realty Trust were worth $4,448,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Independence Realty Trust in the third quarter valued at $28,000. Blue Trust Inc. grew its holdings in Independence Realty Trust by 295.9% in the third quarter. Blue Trust Inc. now owns 2,043 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,527 shares during the last quarter. Assetmark Inc. acquired a new stake in Independence Realty Trust in the third quarter valued at $41,000. Avior Wealth Management LLC grew its holdings in 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 purchasing an additional 2,443 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Independence Realty Trust in the third quarter valued at $64,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays decreased 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 raised 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 note on Friday, November 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price objective on shares of Independence Realty Trust in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Independence Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $20.86.

Independence Realty Trust Price Performance

Independence Realty Trust stock opened at $20.53 on Friday. The stock’s 50-day moving average is $19.75 and its 200-day moving average is $20.08. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.21. Independence Realty Trust, Inc. has a 12 month low of $14.35 and a 12 month high of $22.26.

Independence Realty Trust (NYSE:IRT) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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%. Research analysts anticipate that Independence Realty Trust, Inc. will post 1.15 EPS for the current year.

Independence Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.12%.

Independence Realty Trust 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.