Independence Realty Trust Inc (NYSEMKT:IRT) Stock Sentiment Improves

June 16, 2018 - By Dolores Ford

Sentiment for Independence Realty Trust Inc (NYSEMKT:IRT)

Independence Realty Trust Inc (NYSEMKT:IRT) institutional sentiment increased to 1.37 in 2018 Q1. Its up 0.07, from 1.3 in 2017Q4. The ratio has increased, as 82 hedge funds opened new or increased equity positions, while 60 sold and decreased their positions in Independence Realty Trust Inc. The hedge funds in our partner’s database now have: 66.47 million shares, up from 64.87 million shares in 2017Q4. Also, the number of hedge funds holding Independence Realty Trust Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 13 Reduced: 47 Increased: 58 New Position: 24.

Independence Realty Trust, Inc is a real estate investment trust. The company has market cap of $888.33 million. The firm invests in the real estate markets of the United States. It has a 24.76 P/E ratio. It makes investments in apartment properties to create its portfolio.

The stock increased 1.20% or $0.12 during the last trading session, reaching $10.15. About 4.18M shares traded or 584.45% up from the average. Independence Realty Trust, Inc. (NYSEMKT:IRT) has declined 1.76% since June 16, 2017 and is downtrending. It has underperformed by 14.33% the S&P500.

Analysts await Independence Realty Trust, Inc. (NYSE:IRT) to report earnings on August, 7. They expect $0.19 earnings per share, 0.00 % or $0.00 from last year’s $0.19 per share. IRT’s profit will be $16.63 million for 13.36 P/E if the $0.19 EPS becomes a reality. After $0.18 actual earnings per share reported by Independence Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 5.56 % EPS growth.

Orinda Asset Management Llc holds 8.2% of its portfolio in Independence Realty Trust, Inc. for 531,012 shares. Highland Capital Management Lp owns 2.15 million shares or 1.02% of their US portfolio. Moreover, Chilton Capital Management Llc has 0.91% invested in the company for 988,281 shares. The California-based Phocas Financial Corp. has invested 0.9% in the stock. Bard Associates Inc, a Illinois-based fund reported 185,100 shares.

Since January 1, 0001, it had 2 insider purchases, and 0 selling transactions for $145,775 activity.

More important recent Independence Realty Trust, Inc. (NYSE:IRT) news were published by: Streetinsider.com which released: “Independence Realty Trust (IRT) Declares $0.18 Quarterly Dividend; 7.2% Yield” on June 13, 2018, also Investorplace.com published article titled: “Top 3 Dividend Stocks Under $10”, Globenewswire.com published: “New Research Coverage Highlights Monolithic Power, Ulta Beauty, Twenty-First Century Fox, Corium International …” on June 11, 2018. More interesting news about Independence Realty Trust, Inc. (NYSE:IRT) was released by: Businesswire.com and their article: “Independence Realty Trust to Present at REITWeek® 2018” with publication date: May 31, 2018.

Independence Realty Trust, Inc. (NYSE:IRT) Institutional Positions Chart

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