Independence Realty Trust, Inc. (NYSE:IRT) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its position in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,125 shares of the real estate investment trust’s stock after acquiring an additional 2,378 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of Independence Realty Trust worth $3,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its stake in Independence Realty Trust by 7.3% during the first quarter. Jennison Associates LLC now owns 4,429,594 shares of the real estate investment trust’s stock valued at $71,449,000 after purchasing an additional 300,281 shares during the last quarter. Norges Bank acquired a new stake in Independence Realty Trust during the fourth quarter worth about $52,048,000. Dimensional Fund Advisors LP raised its stake in Independence Realty Trust by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,212,828 shares of the real estate investment trust’s stock worth $49,158,000 after acquiring an additional 19,060 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Independence Realty Trust by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,204,694 shares of the real estate investment trust’s stock worth $49,032,000 after acquiring an additional 159,771 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in Independence Realty Trust by 19.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,960,798 shares of the real estate investment trust’s stock valued at $45,300,000 after acquiring an additional 479,379 shares during the period. 88.25% of the stock is owned by institutional investors and hedge funds.

Independence Realty Trust Stock Down 0.8 %

NYSE:IRT opened at $18.58 on Monday. Independence Realty Trust, Inc. has a 52 week low of $11.61 and a 52 week high of $18.96. The stock has a 50 day moving average of $17.57 and a 200-day moving average of $16.19.

Independence Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, June 28th. Independence Realty Trust’s dividend payout ratio (DPR) is -2,132.62%.

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.