Aurora Investment Managers LLC. Purchases 10,043 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Aurora Investment Managers LLC. grew its position in Independence Realty Trust, Inc. (NYSE:IRT) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,258 shares of the real estate investment trust’s stock after purchasing an additional 10,043 shares during the period. Independence Realty Trust makes up approximately 2.2% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 18th largest holding. Aurora Investment Managers LLC.’s holdings in Independence Realty Trust were worth $3,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Independence Realty Trust in the 3rd quarter valued at approximately $28,000. Mattson Financial Services LLC bought a new position in shares of Independence Realty Trust during the 2nd quarter worth approximately $28,000. Assetmark Inc. acquired a new stake in shares of Independence Realty Trust in the third quarter valued at approximately $41,000. Blue Trust Inc. raised its holdings in shares of 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. Finally, Avior Wealth Management LLC lifted its position 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 worth $62,000 after purchasing an additional 2,443 shares in the last quarter. 88.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IRT has been the subject of a number of analyst reports. Barclays assumed coverage on shares of Independence Realty Trust in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $23.00 target price for the company. BMO Capital Markets upgraded Independence Realty Trust from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $19.00 to $21.00 in a report 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.14.

Independence Realty Trust Price Performance

Independence Realty Trust stock opened at $18.96 on Tuesday. The company’s 50-day moving average is $20.51 and its 200-day moving average is $20.00. The firm has a market capitalization of $4.27 billion, a PE ratio of 15.99, a P/E/G ratio of 2.55 and a beta of 1.21. Independence Realty Trust, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $22.26.

Independence Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Tuesday, December 31st.

About Independence Realty Trust

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.