Natixis Advisors LLC Purchases 13,856 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Natixis Advisors LLC lifted its position in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 17.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,845 shares of the real estate investment trust’s stock after purchasing an additional 13,856 shares during the period. Natixis Advisors LLC’s holdings in Independence Realty Trust were worth $1,945,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA purchased a new position in Independence Realty Trust during the 2nd quarter valued at $22,464,000. B&I Capital AG bought a new stake in shares of Independence Realty Trust during the 2nd quarter valued at about $10,900,000. Easterly Investment Partners LLC purchased a new position in shares of Independence Realty Trust during the third quarter valued at about $11,132,000. Makena Capital Management LLC bought a new position in Independence Realty Trust in the second quarter worth about $10,039,000. Finally, Sei Investments Co. lifted its holdings in Independence Realty Trust by 241.3% in the second quarter. Sei Investments Co. now owns 735,304 shares of the real estate investment trust’s stock worth $13,780,000 after buying an additional 519,841 shares during the period. 88.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

IRT has been the topic of a number of research analyst reports. KeyCorp upped their target price on Independence Realty Trust from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft upped their price target on Independence Realty Trust from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. BTIG Research raised their price objective on Independence Realty Trust from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, August 12th. 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 stock from $19.00 to $21.00 in a research report on Friday, November 15th. Finally, JMP Securities increased 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.43.

Independence Realty Trust Stock Performance

NYSE IRT opened at $21.75 on Tuesday. Independence Realty Trust, Inc. has a 12 month low of $13.24 and a 12 month high of $22.26. The stock’s fifty day moving average price is $20.25 and its 200-day moving average price is $19.22. The stock has a market cap of $4.90 billion, a P/E ratio of 19.08, a P/E/G ratio of 3.11 and a beta of 1.17.

Independence Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.64 dividend on an annualized basis 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.