Mutual of America Capital Management LLC Decreases Position in Independence Realty Trust, Inc. (NYSE:IRT)

Mutual of America Capital Management LLC decreased its stake in Independence Realty Trust, Inc. (NYSE:IRT) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,450 shares of the real estate investment trust’s stock after selling 7,184 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Independence Realty Trust worth $2,490,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in Independence Realty Trust during the second quarter worth $25,000. Mattson Financial Services LLC purchased a new position in shares of Independence Realty Trust during the 2nd quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in Independence Realty Trust in the 3rd quarter worth about $28,000. Pathway Financial Advisers LLC bought a new stake in Independence Realty Trust in the first quarter worth about $31,000. Finally, Blue Trust Inc. boosted its position in shares of Independence Realty Trust by 295.9% during the third quarter. Blue Trust Inc. now owns 2,043 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,527 shares during the period. Institutional investors own 88.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Independence Realty Trust Trading Up 1.3 %

Shares of NYSE IRT opened at $21.75 on Friday. The stock has a market capitalization of $4.90 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 3.07 and a beta of 1.17. Independence Realty Trust, Inc. has a 12-month low of $13.24 and a 12-month high of $21.77. The stock’s fifty day simple moving average is $20.24 and its two-hundred day simple moving average is $19.17.

Independence Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a $0.16 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.94%.

Independence Realty Trust Company 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.