William Blair Initiates Coverage on Independence Realty Trust (IRT)
William Blair assumed coverage on shares of Independence Realty Trust (NYSE:IRT) in a research note issued on Monday, StockRatingsNetwork.com reports. The firm set an “outperform” rating on the stock.
Independence Realty Trust (NYSE:IRT) opened at 8.14 on Monday. Independence Realty Trust has a 52-week low of $7.90 and a 52-week high of $8.50. The stock’s 50-day moving average is $8.31 and its 200-day moving average is $8.31.
Separately, analysts at Compass Point initiated coverage on shares of Independence Realty Trust (NYSE:IRT) in a research note to investors on Monday, September 9th. They set a “buy” rating and a $9.50 price target on the stock.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.64 annualized dividend and a dividend yield of 7.86%. The ex-dividend date is Thursday, September 26th.
Independence Realty Trust, Inc is a real estate investment trust (NYSE:IRT).
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