Independence Realty Trust Inc (IRT) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. lifted its holdings in Independence Realty Trust Inc (NYSE:IRT) by 110.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,476 shares of the real estate investment trust’s stock after buying an additional 44,922 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 0.10% of Independence Realty Trust worth $870,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in Independence Realty Trust by 147.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,153 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 6,056 shares during the period. Advisor Group Inc. increased its position in shares of Independence Realty Trust by 76.8% during the 2nd quarter. Advisor Group Inc. now owns 10,251 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 4,454 shares during the last quarter. Loeb Partners Corp purchased a new stake in shares of Independence Realty Trust during the 3rd quarter valued at about $102,000. Profund Advisors LLC purchased a new stake in shares of Independence Realty Trust during the 2nd quarter valued at about $103,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Independence Realty Trust during the 3rd quarter valued at about $105,000. Institutional investors own 78.49% of the company’s stock.

Several equities research analysts have recently commented on IRT shares. Robert W. Baird reaffirmed a “buy” rating and set a $11.00 price target on shares of Independence Realty Trust in a research report on Tuesday, October 17th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Independence Realty Trust in a report on Wednesday, November 1st. B. Riley reissued a “buy” rating on shares of Independence Realty Trust in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Independence Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, National Securities increased their price objective on shares of Independence Realty Trust from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Independence Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $11.33.

Independence Realty Trust Inc (IRT) traded down $0.19 during midday trading on Friday, hitting $9.50. The stock had a trading volume of 750,498 shares, compared to its average volume of 580,061. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.14. The company has a market cap of $809.29, a P/E ratio of -36.54 and a beta of 1.06. Independence Realty Trust Inc has a 52-week low of $8.57 and a 52-week high of $10.63.

Independence Realty Trust (NYSE:IRT) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.11. The firm had revenue of $39.86 million during the quarter, compared to the consensus estimate of $40.38 million. Independence Realty Trust had a negative return on equity of 3.08% and a negative net margin of 10.91%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. equities analysts expect that Independence Realty Trust Inc will post 0.74 EPS for the current fiscal year.

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Independence Realty Trust Company Profile

Independence Realty Trust, Inc is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets.

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

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