Ameritas Advisory Services LLC Sells 1,684 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Ameritas Advisory Services LLC lessened its stake in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 45,496 shares of the real estate investment trust’s stock after selling 1,684 shares during the period. Ameritas Advisory Services LLC’s holdings in Independence Realty Trust were worth $903,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. bought a new stake in shares of Independence Realty Trust during the 2nd quarter worth approximately $1,073,000. Envestnet Asset Management Inc. raised its position in Independence Realty Trust by 52.9% during the second quarter. Envestnet Asset Management Inc. now owns 111,075 shares of the real estate investment trust’s stock worth $2,082,000 after acquiring an additional 38,441 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Independence Realty Trust by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,308,557 shares of the real estate investment trust’s stock valued at $62,001,000 after acquiring an additional 176,119 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Independence Realty Trust by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,970 shares of the real estate investment trust’s stock valued at $804,000 after acquiring an additional 2,624 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Independence Realty Trust during the 2nd quarter worth about $226,000. 88.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IRT. BMO Capital Markets upgraded shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Friday, November 15th. Barclays began coverage on Independence Realty Trust in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Independence Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.14.

Independence Realty Trust Trading Up 0.8 %

Independence Realty Trust stock opened at $19.16 on Wednesday. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 58.05, a PEG ratio of 2.66 and a beta of 1.21. Independence Realty Trust, Inc. has a 12 month low of $14.07 and a 12 month high of $22.26. The stock’s 50 day moving average is $20.47 and its 200-day moving average is $20.01.

Independence Realty Trust Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Independence Realty Trust’s payout ratio is 193.94%.

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.