Latest Stocks: Independence Realty Trust Inc (IRT) Position Raised by Teachers Advisors LLC

Latest Stocks: Independence Realty Trust Inc (IRT) Position Raised by Teachers Advisors LLC

Teachers Advisors LLC boosted its stake in shares of Independence Realty Trust Inc (NYSE:IRT) by 51.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,770 shares of the real estate investment trust’s stock after buying an additional 35,543 shares during the period. Teachers Advisors LLC owned approximately 0.15% of Independence Realty Trust worth $935,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Empyrean Capital Partners LP purchased a new stake in shares of Independence Realty Trust during the third quarter valued at approximately $23,625,000. Vertex One Asset Management Inc. increased its stake in shares of Independence Realty Trust by 270.1% in the fourth quarter. Vertex One Asset Management Inc. now owns 2,498,043 shares of the real estate investment trust’s stock worth $22,283,000 after buying an additional 1,823,043 shares during the last quarter. State Street Corp increased its stake in shares of Independence Realty Trust by 39.7% in the fourth quarter. State Street Corp now owns 1,851,044 shares of the real estate investment trust’s stock worth $16,515,000 after buying an additional 526,231 shares during the last quarter. Chilton Capital Management LLC increased its stake in shares of Independence Realty Trust by 442.7% in the fourth quarter. Chilton Capital Management LLC now owns 842,915 shares of the real estate investment trust’s stock worth $7,519,000 after buying an additional 687,590 shares during the last quarter. Finally, KRV Capital LP bought a new stake in shares of Independence Realty Trust during the third quarter worth about $4,500,000.

Shares of Independence Realty Trust Inc (NYSE IRT) opened at 9.95 on Tuesday. Independence Realty Trust Inc has a one year low of $7.37 and a one year high of $10.70. The stock’s 50 day moving average is $9.32 and its 200-day moving average is $9.09. The stock’s market cap is $684.75 million.

Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $38.90 million during the quarter, compared to the consensus estimate of $38.53 million. During the same quarter last year, the company posted $0.21 earnings per share. On average, equities analysts forecast that Independence Realty Trust Inc will post $0.32 EPS for the current year. The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.06 dividend. The ex-dividend date is Friday, May 26th. This represents a $0.72 annualized dividend and a yield of 7.24%.

Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $38.90 million during the quarter, compared to the consensus estimate of $38.53 million. During the same quarter last year, the company posted $0.21 earnings per share. On average, equities analysts forecast that Independence Realty Trust Inc will post $0.32 EPS for the current year. Separately, Zacks Investment Research raised shares of Independence Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Independence Realty Trust has a consensus rating of “Buy” and a consensus price target of $9.88.

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