Aurora Investment Managers LLC. Purchases 10,043 Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Aurora Investment Managers LLC. boosted its position in Independence Realty Trust, Inc. (NYSE:IRT) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,258 shares of the real estate investment trust’s stock after acquiring an additional 10,043 shares during the period. Independence Realty Trust accounts for 2.2% of Aurora Investment Managers LLC.’s portfolio, making the stock its 18th largest position. Aurora Investment Managers LLC. owned 0.08% of Independence Realty Trust worth $3,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new position in Independence Realty Trust during the 2nd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Independence Realty Trust during the third quarter worth approximately $28,000. Blue Trust Inc. lifted its holdings in Independence Realty Trust by 295.9% in 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. Assetmark Inc. bought a new position in Independence Realty Trust in the third quarter valued at approximately $41,000. Finally, Avior Wealth Management LLC grew its holdings in Independence Realty Trust by 437.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,443 shares during the period. 88.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Independence Realty Trust Trading Down 0.3 %

NYSE:IRT opened at $18.96 on Tuesday. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.55 and a beta of 1.21. The stock has a 50-day moving average price of $20.51 and a two-hundred day moving average price of $20.00. Independence Realty Trust, Inc. has a 1 year low of $14.07 and a 1 year high of $22.26.

Independence Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 3.37%.

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.