Independence Realty Trust Inc (IRT) : Empirical Financial Services added new position in Independence Realty Trust Inc during the most recent quarter end. The investment management firm now holds 13,000 shares of Independence Realty Trust Inc which is valued at $117,650 , the company said in a statement filed on Aug 1, 2016 with the SEC.Independence Realty Trust Inc makes up approximately 0.03% of Empirical Financial Services’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in IRT in the latest quarter, The investment management firm added 15,681 additional shares and now holds a total of 84,605 shares of Independence Realty Trust Inc which is valued at $765,675. Wedge Capital Management L L Pnc sold out all of its stake in IRT during the most recent quarter. The investment firm sold 144,200 shares of IRT which is valued $1,303,568.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.Nisa Investment Advisors boosted its stake in IRT in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 8,300 shares of Independence Realty Trust Inc which is valued at $72,127. Creative Planning added IRT to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $1,682.
Independence Realty Trust Inc opened for trading at $9.05 and hit $9.39 on the upside on Thursday, eventually ending the session at $9.37, with a gain of 3.54% or 0.32 points. The heightened volatility saw the trading volume jump to 4,62,939 shares. Company has a market cap of $445 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.