Highland Capital Management Lp buys $36,794,032 stake in Independence Realty Trust Inc (IRT)

Independence Realty Trust Inc (IRT) : Highland Capital Management Lp scooped up 1,769,712 additional shares in Independence Realty Trust Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 4,129,521 shares of Independence Realty Trust Inc which is valued at $36,794,032.Independence Realty Trust Inc makes up approximately 2.02% of Highland Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in IRT by selling 150 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 58,156 shares of IRT which is valued at $518,170.California State Teachers Retirement System boosted its stake in IRT in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 85,205 shares of Independence Realty Trust Inc which is valued at $726,799.Lsv Asset Management boosted its stake in IRT in the latest quarter, The investment management firm added 173,094 additional shares and now holds a total of 295,294 shares of Independence Realty Trust Inc which is valued at $2,471,611.Indexiq Advisors boosted its stake in IRT in the latest quarter, The investment management firm added 7,862 additional shares and now holds a total of 40,128 shares of Independence Realty Trust Inc which is valued at $326,241. Independence Realty Trust Inc makes up approx 0.02% of Indexiq Advisors’s portfolio.

Independence Realty Trust Inc closed down -0.01 points or -0.11% at $8.77 with 6,32,531 shares getting traded on Monday. Post opening the session at $8.78, the shares hit an intraday low of $8.7 and an intraday high of $8.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Independence Realty Trust Inc reported $0.21 EPS for the quarter, based on the information available during the earnings call on Oct 28, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $38.40 million for the quarter, compared to analysts expectations of $38.42 million. The company’s revenue was up 50.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

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.

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