Bhr Capital Lowers stake in Independence Realty Trust Inc (IRT)

Independence Realty Trust Inc (IRT) : Bhr Capital reduced its stake in Independence Realty Trust Inc by 58.83% during the most recent quarter end. The investment management company now holds a total of 700,000 shares of Independence Realty Trust Inc which is valued at $6,713,000 after selling 1,000,239 shares in Independence Realty Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Independence Realty Trust Inc makes up approximately 3.79% of Bhr Capital’s portfolio.

Other Hedge Funds, Including , Eidelman Virant Capital boosted its stake in IRT in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 120,000 shares of Independence Realty Trust Inc which is valued at $1,150,800. Independence Realty Trust Inc makes up approx 0.63% of Eidelman Virant Capital’s portfolio.Blackrock Fund Advisors boosted its stake in IRT in the latest quarter, The investment management firm added 225,907 additional shares and now holds a total of 1,093,003 shares of Independence Realty Trust Inc which is valued at $10,481,899.Gsa Capital Partners Llp boosted its stake in IRT in the latest quarter, The investment management firm added 47,601 additional shares and now holds a total of 93,558 shares of Independence Realty Trust Inc which is valued at $888,801. Independence Realty Trust Inc makes up approx 0.05% of Gsa Capital Partners Llp’s portfolio.Taylor Frigon Capital Management boosted its stake in IRT in the latest quarter, The investment management firm added 35,189 additional shares and now holds a total of 116,304 shares of Independence Realty Trust Inc which is valued at $1,052,551. Independence Realty Trust Inc makes up approx 1.06% of Taylor Frigon Capital Management’s portfolio.Shinko Asset Management Ltd. reduced its stake in IRT by selling 200 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 1,200 shares of IRT which is valued at $10,872.

Independence Realty Trust Inc opened for trading at $9.49 and hit $9.56 on the upside on Thursday, eventually ending the session at $9.47, with a gain of 0.21% or 0.02 points. The heightened volatility saw the trading volume jump to 2,96,263 shares. Company has a market cap of $450 M.

On the company’s financial health, Independence Realty Trust Inc reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.21. The company had revenue of $38.27 million for the quarter, compared to analysts expectations of $38.68 million. The company’s revenue was up 68.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Independence Realty Trust Inc. Company shares were Reiterated by FBR Capital on Aug 4, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 9.50 from a previous price target of $8 .

Independence Realty Trust Inc. is a real estate investment trust (REIT). The Company owns and operates a portfolio of apartment properties located throughout the United States. The Company is managed by a subsidiary of RAIT Financial Trust (RAIT). AS of December 31 2014 The Company’s portfolio consisted of Belle Creek Copper Mill Crestmont Cumberland Glen Heritage Trace Tresa at Arrowhead Centrepoint Runaway Bay Berkshire Square The Crossings Reserve at Eagle Ridge Windrush Heritage Park Raindance Augusta Invitational King’s Landing Carrington Park Arbors at the Reservoir Walnut Hill Lenoxplace Stonebridge Bennington Pond Prospect Park Brookside Jamestown Meadows Oxmoor Stonebridge at the Ranch and Iron Rock Ranch.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Independence Realty Trust Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Independence Realty Trust Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.