Thrivent Financial for Lutherans Has $15.29 Million Stock Holdings in Independence Realty Trust, Inc. (NYSE:IRT)

Thrivent Financial for Lutherans grew its position in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 3.4% in the third quarter, HoldingsChannel reports. The fund owned 745,930 shares of the real estate investment trust’s stock after acquiring an additional 24,639 shares during the period. Thrivent Financial for Lutherans’ holdings in Independence Realty Trust were worth $15,291,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Taylor Frigon Capital Management LLC boosted its holdings in Independence Realty Trust by 0.7% during the second quarter. Taylor Frigon Capital Management LLC now owns 79,217 shares of the real estate investment trust’s stock worth $1,485,000 after purchasing an additional 571 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Independence Realty Trust by 1.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 69,961 shares of the real estate investment trust’s stock worth $1,434,000 after buying an additional 900 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Independence Realty Trust by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 63,011 shares of the real estate investment trust’s stock valued at $1,181,000 after acquiring an additional 1,255 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Independence Realty Trust in the second quarter valued at about $25,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Independence Realty Trust during the 3rd quarter worth approximately $28,000. 88.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

IRT has been the subject of several analyst reports. KeyCorp raised their target price on shares of Independence Realty Trust from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. BMO Capital Markets raised shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and upped their target price for the company from $19.00 to $21.00 in a report on Friday, November 15th. JMP Securities boosted their price target on Independence Realty Trust from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Finally, BTIG Research lifted their target price on Independence Realty Trust from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Independence Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $20.43.

Independence Realty Trust Price Performance

IRT stock opened at $21.35 on Thursday. The business’s fifty day moving average price is $20.21 and its two-hundred day moving average price is $19.10. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 79.07, a PEG ratio of 3.00 and a beta of 1.17. Independence Realty Trust, Inc. has a fifty-two week low of $13.11 and a fifty-two week high of $21.49.

Independence Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Monday, September 30th. Independence Realty Trust’s dividend payout ratio is currently 237.04%.

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.