Independence Realty Trust Inc Stock as Institutional Investors Enter

(NYSE:EDR) declared a quarterly dividend on Friday, July 14th, Wall Street Journal reports. FBR & Co now has a $10.75 price objective on the real estate investment trust’s stock. Cubic Asset Management LLC’s holdings in Lexington Realty Trust were worth $190,000 at the end of the most recent quarter.

Want to see what other hedge funds are holding IRT? BlackRock Inc. boosted its position in Lexington Realty Trust by 8,779.8% in the first quarter. Keybank National Association OH boosted its stake in Education Realty Trust by 4.1% in the first quarter. Bard Associates Inc. now owns 189,725 shares of the real estate investment trust’s stock valued at $1,873,000 after buying an additional 1,000 shares in the last quarter. Independent Portfolio Consultants Inc. now owns 20,640 shares of the real estate investment trust’s stock valued at $843,000 after buying an additional 2,895 shares during the period. Has $1.12 Million Stake in Independence Realty Trust, Inc. LSV Asset Management now owns 1,662,597 shares of the real estate investment trust’s stock valued at $15,578,000 after buying an additional 236,300 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Education Realty Trust by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 3,669,536 shares of the real estate investment trust’s stock worth $36,622,000 after buying an additional 89,052 shares during the last quarter.

Shares of Education Realty Trust Inc. (NYSE:IRT) is up 10.08%, compared with a gain of almost 12.64% for 3 months and about 3.04% for the past 30 days. California Public Employees Retirement System acquired 97,800 shares as Independence Rlty Tr Inc (IRT)’s stock declined 1.51%. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 35.08 and a beta of 0.38. About shares traded. Education Realty Trust, Inc. The firm’s 50 day moving average price is $10.02 and its 200-day moving average price is $9.49.

Independence Realty Trust (NYSE:IRT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. It is negative, as 25 investors sold Independence Realty Trust Inc shares while 25 reduced holdings. The firm had revenue of $95.70 million during the quarter, compared to analyst estimates of $95.41 million. Equities analysts forecast that Lexington Realty Trust will post $0.35 earnings per share for the current fiscal year. The California Public Employees Retirement System holds 316,137 shares with $2.82M value, up from 218,337 last quarter. During the same period in the previous year, the company earned $0.45 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 31st will be paid a $0.39 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.20%. Lexington Realty Trust’s dividend payout ratio is presently 500.00%.

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Other equities research analysts have also issued research reports about the stock. BidaskClub cut Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday. On Monday, September 28 the stock rating was reinitiated by Deutsche Bank with “Hold”. Finally, Jefferies Group LLC restated a hold rating and issued a $11.00 target price on shares of Lexington Realty Trust in a report on Friday, June 23rd.

Over the last 5 years, Independence Realty Trust, Inc. has averaged a 49.30% YoY EPS growth rate and a 77.70% revenue growth rate. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research report on Thursday, July 6th. The shares were sold at an average price of $38.45, for a total transaction of $961,250.00. Following the purchase, the chief executive officer now owns 155,306 shares of the company’s stock, valued at $1,571,696.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of United Dominion Realty Trust stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.72, for a total value of $387,200.00. Insiders own 3.07% of the company’s stock. The disclosure for this purchase can be found here. Following the completion of the transaction, the chairman now owns 792,435 shares in the company, valued at approximately $7,559,829.90.

Needle moving action has been spotted in FTI Consulting Inc (FCN) as shares are moving today on volatility -0.06% or -0.02 from the open. Connecticut-based Verition Fund Mgmt Ltd Liability Corporation has invested 0.01% in Independence Realty Trust Inc (NYSE:IRT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets.