Dalton Greiner Hartman Maher & Co. Has $7.25 Million Holdings in Independence Realty Trust Inc (NYSE:IRT)

Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Independence Realty Trust Inc (NYSE:IRT) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 514,837 shares of the real estate investment trust’s stock after acquiring an additional 22,283 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Independence Realty Trust were worth $7,249,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Simplex Trading LLC acquired a new position in shares of Independence Realty Trust during the third quarter worth $45,000. Tower Research Capital LLC TRC acquired a new position in Independence Realty Trust in the second quarter valued at $56,000. Bank of Montreal Can lifted its holdings in Independence Realty Trust by 684.4% in the second quarter. Bank of Montreal Can now owns 8,730 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 7,617 shares during the period. Commonwealth Equity Services LLC acquired a new position in Independence Realty Trust in the third quarter valued at $200,000. Finally, Natixis Advisors L.P. acquired a new position in Independence Realty Trust in the second quarter valued at $201,000. Institutional investors own 87.16% of the company’s stock.

IRT stock opened at $14.43 on Thursday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 19.50 and a beta of 0.74. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.62. Independence Realty Trust Inc has a 12-month low of $9.83 and a 12-month high of $15.89. The company’s fifty day simple moving average is $14.22 and its 200 day simple moving average is $13.84.

Independence Realty Trust (NYSE:IRT) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $51.30 million during the quarter, compared to analyst estimates of $51.69 million. Independence Realty Trust had a net margin of 18.23% and a return on equity of 5.97%. Research analysts expect that Independence Realty Trust Inc will post 0.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 26th will be issued a $0.18 dividend. This is a positive change from Independence Realty Trust’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 24th. This represents a $0.72 annualized dividend and a yield of 4.99%. Independence Realty Trust’s payout ratio is presently 97.30%.

Several equities analysts recently issued reports on IRT shares. Compass Point lowered shares of Independence Realty Trust from a “buy” rating to a “neutral” rating in a report on Thursday, October 31st. Zacks Investment Research upgraded shares of Independence Realty Trust from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, January 2nd. National Securities started coverage on shares of Independence Realty Trust in a report on Friday, September 27th. They issued a “buy” rating and a $14.00 target price on the stock. JMP Securities lowered shares of Independence Realty Trust from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Monday, October 21st. Finally, ValuEngine lowered shares of Independence Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.42.

Independence Realty Trust Company Profile

Independence Realty Trust (NYSE: IRT) is a real estate investment trust that currently owns and operates 58 multifamily apartment properties, totaling 15,880 units, across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers.

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Institutional Ownership by Quarter for Independence Realty Trust (NYSE:IRT)

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