Independence Realty Trust, Inc. (NYSE:IRT) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its position in Independence Realty Trust, Inc. (NYSE:IRT) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,789 shares of the real estate investment trust’s stock after selling 2,647 shares during the quarter. United Services Automobile Association’s holdings in Independence Realty Trust were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IRT. Ashton Thomas Private Wealth LLC purchased a new position in Independence Realty Trust in the 2nd quarter valued at about $25,000. Mattson Financial Services LLC acquired a new position in shares of Independence Realty Trust in the second quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in Independence Realty Trust in the third quarter valued at about $28,000. Blue Trust Inc. grew its stake in 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 valued at $38,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in Independence Realty Trust during the 3rd quarter valued at approximately $41,000. 88.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Independence Realty Trust Stock Up 0.7 %

Shares of NYSE:IRT opened at $21.39 on Tuesday. The firm has a 50-day simple moving average of $20.40 and a 200 day simple moving average of $19.54. Independence Realty Trust, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $22.26. The company has a market cap of $4.81 billion, a PE ratio of 18.62, a P/E/G ratio of 3.05 and a beta of 1.19.

Independence Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Monday, September 30th.

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.