Hantz Financial Services Inc. Has $1.10 Million Stock Position in Independence Realty Trust, Inc. $IRT

Hantz Financial Services Inc. increased its stake in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 3,483.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,967 shares of the real estate investment trust’s stock after purchasing an additional 65,098 shares during the period. Hantz Financial Services Inc.’s holdings in Independence Realty Trust were worth $1,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IRT. Alliancebernstein L.P. boosted its holdings in Independence Realty Trust by 0.3% during the second quarter. Alliancebernstein L.P. now owns 9,139,506 shares of the real estate investment trust’s stock worth $161,678,000 after buying an additional 30,701 shares during the last quarter. Jennison Associates LLC raised its position in shares of Independence Realty Trust by 12.9% in the 2nd quarter. Jennison Associates LLC now owns 6,926,454 shares of the real estate investment trust’s stock valued at $122,529,000 after acquiring an additional 789,515 shares during the period. Geode Capital Management LLC boosted its stake in Independence Realty Trust by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,190,693 shares of the real estate investment trust’s stock worth $109,524,000 after acquiring an additional 138,817 shares during the last quarter. Long Pond Capital LP grew its holdings in Independence Realty Trust by 564.5% during the second quarter. Long Pond Capital LP now owns 5,500,502 shares of the real estate investment trust’s stock valued at $97,304,000 after purchasing an additional 4,672,690 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in Independence Realty Trust by 2.8% during the second quarter. Frontier Capital Management Co. LLC now owns 3,483,911 shares of the real estate investment trust’s stock valued at $61,630,000 after purchasing an additional 94,258 shares during the period. Institutional investors own 88.25% of the company’s stock.

Independence Realty Trust Trading Up 1.4%

Shares of NYSE IRT opened at $16.62 on Friday. The company has a market capitalization of $3.97 billion, a P/E ratio of 166.18, a P/E/G ratio of 2.00 and a beta of 1.00. Independence Realty Trust, Inc. has a 12 month low of $15.06 and a 12 month high of $21.86. The stock has a 50 day moving average of $17.02 and a 200-day moving average of $16.91.

Independence Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, December 31st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Independence Realty Trust’s payout ratio is presently 680.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IRT. BMO Capital Markets raised shares of Independence Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.00 to $22.00 in a report on Friday, January 9th. KeyCorp reduced their target price on Independence Realty Trust from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Zacks Research downgraded Independence Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Colliers Securities lowered shares of Independence Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Wall Street Zen cut shares of Independence Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Independence Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.35.

About Independence Realty Trust

Independence Realty Trust is a self-administered equity real estate investment trust that acquires, redevelops and manages multi-family communities. The company focuses on workforce housing, targeting Class A and B garden-style apartments in suburban and urban infill locations. Its core activities include sourcing value-add acquisitions, overseeing property renovations and delivering in-house property management services to optimize rental income and occupancy levels.

Headquartered in Wayne, Pennsylvania, Independence Realty Trust maintains a geographically diverse portfolio across several high-growth U.S.