Published: Sat, March 10, 2018
Economy | By

B. Riley Reiterates $12.00 Price Target for Independence Realty Trust (IRT)


The stock increased 5.05% or $1.18 during the last trading session, reaching $24.55. Ltd. now owns 168,056 shares of the real estate investment trust's stock valued at $1,700,000 after purchasing an additional 39,886 shares during the period.

Independence Realty Trust, Inc is an internally-managed real estate investment trust (REIT). Brandywine Realty Trust (NYSE:BDN) has risen 17.77% since February 24, 2017 and is uptrending. It has underperformed by 15.19% the S&P500. The correct version of this report can be viewed at https://weekherald.com/2018/03/07/teacher-retirement-system-of-texas-sells-107622-shares-of-education-realty-trust-inc-edr.html.

On 8/31/2017 Jon D Greaves, Insider, sold 2,500 with an average share price of $54.39 per share and the total transaction amounting to $135,975.00.

Saba Capital Management L.P. holds 1.77% of its portfolio in Credit Suisse Asset Management Income Fund, Inc. for 5.15 million shares. Zpr Investment Management who had been investing in Thor Inds Inc for a number of months, seems to be less bullish one the $6.59 billion market cap company. (QTS) ended its previous trading session at $34.37 with the Gain of 1.06%. About 886,152 shares traded or 21.51% up from the average.

In other Independence Realty Trust news, CEO Scott Schaeffer acquired 15,000 shares of Independence Realty Trust stock in a transaction dated Thursday, February 22nd. Northern Trust Corp now owns 1,491,023 shares of the real estate investment trust's stock valued at $7,232,000 after buying an additional 27,681 shares during the period. 2,500 QTS Realty Trust, Inc. (NYSE:JNPR). Old Mutual Customised Solutions (Proprietary) Limited reported 6,500 shares or 0.02% of all its holdings.

Northern Trust Corp increased its stake in shares of Cedar Realty Trust by 1.9% during the second quarter. Its down 0.94, from 2.27 in 2017Q2. It improved, as 52 investors sold VNO shares while 118 reduced holdings. Sumitomo Mitsui Tru Holding Incorporated invested 0.12% of its portfolio in Digital Realty Trust, Inc. (NYSE:JNPR) for 4.29 million shares.


QTS Realty Trust (NYSE:QTS) opened at $33.37 on Thursday. Catalyst Cap Ltd Liability holds 4,200 shares or 0% of its portfolio. Moreover, Ims Capital Management has 0.23% invested in the company for 104,667 shares. 330.80 million shares or 1.77% less from 336.77 million shares in 2017Q2 were reported. It is positive, as 63 investors sold UTX shares while 503 reduced holdings.

Teacher Retirement System of Texas reduced its position in Education Realty Trust, Inc. Mitsubishi Ufj Trust And Banking Corporation holds 614,309 shares. Shufro Rose & Co Ltd Liability Corporation holds 0.04% or 3,033 shares in its portfolio. Panagora Asset accumulated 53,621 shares or 0.03% of the stock. Cornerstone Capital Lc has invested 0.02% in Brandywine Realty Trust (NYSE:BDN). Voloridge Invest Mgmt Limited Liability holds 0.01% of its portfolio in Vornado Realty Trust (NYSE:VNO) for 2,977 shares. Therefore 55% are positive. (NYSE:DLR) has "Overweight" rating given on Tuesday, September 29 by KeyBanc Capital Markets. JPMorgan Chase & Co. raised its holdings in shares of Independence Realty Trust by 283.7% in the 3rd quarter. The firm earned "Buy" rating on Friday, August 4 by Boenning & Scattergood. The 52-Week High range of the stock is $61.55, while the 52-week low range is $31.58. (NYSE:QTS) has "Sell" rating given on Wednesday, February 21 by Raymond James. BMO Capital Markets maintained Juniper Networks, Inc. (NYSE:JNPR) has "Market Perform" rating given on Monday, May 23 by William Blair. UBS has "Hold" rating and $112.0 target. The firm has "Mkt Perform" rating by Bernstein given on Tuesday, January 5. The firm has "Buy" rating by Canaccord Genuity given on Wednesday, July 26. Jefferies maintained the shares of QTS in report on Monday, October 16 with "Buy" rating. Ladenburg Thalmann Financial Services restated a "buy" rating on shares of Independence Realty Trust in a research note on Wednesday, November 1st. As per Thursday, September 3, the company rating was maintained by Macquarie Research.

Among 32 analysts covering Juniper Networks Inc. (NASDAQ:PLAB) to report earnings on May, 16. Independence Realty Trust's revenue was up 11.3% on a year-over-year basis. analysts anticipate that Independence Realty Trust will post 0.77 earnings per share for the current year. THO's profit will be $94.33M for 17.46 P/E if the $1.79 EPS becomes a reality. After $0.98 actual EPS reported by Vornado Realty Trust for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth. Northern Trust Corp now owns 1,188,967 shares of the real estate investment trust's stock worth $11,736,000 after purchasing an additional 152,012 shares in the last quarter. Advsr Asset Mngmt reported 0.07% stake.

Since September 18, 2017, it had 0 insider buys, and 2 insider sales for $575,840 activity. NICHOLS ANTHONY A SR had sold 5,000 shares worth $87,045. Acadia Realty Trust had 8 analyst reports since November 9, 2015 according to SRatingsIntel. The company was maintained on Tuesday, January 30 by Barclays Capital. The stock of Juniper Networks, Inc.

2/22/2018-Guggenheim was Downgraded by analysts at Guggenheim from a "Buy " rating to a " Neutral" rating.

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