Independence Realty Trust Inc(NYSEMKT:IRT) Declares Dividend of $0.0600.

Independence Realty Trust Inc (NYSEMKT:IRT) had declared a cash dividend of $0.0600 on Apr 14, 2016. The shares will quote ex-dividend on Apr 27, 2016 and the record date has been fixed on Apr 29, 2016. At Apr 14, 2016 share price, the yield comes out to be 10.3300%. The dividend payable date has been fixed on May 16, 2016.

Independence Realty Trust Inc (IRT) made into the market gainers list on Mondays trading session with the shares advancing 2.11% or 0.15 points. Due to strong positive momentum, the stock ended at $7.25, which is also near the day’s high of $7.28. The stock began the session at $7.14 and the volume stood at 1,33,807 shares. The 52-week high of the shares is $9.47 and the 52 week low is $5.97. The company has a current market capitalization of $344 M and it has 4,74,69,446 shares in outstanding.

Independence Realty Trust Inc(IRT) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $39.71M. Analysts had an estimated revenue of $39.93M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Feb 25, 2016, Richard H Ross (director) sold 16,000 shares at $6.43 per share price.Also, On Nov 24, 2015, William C Dunkelberg (director) purchased 500 shares at $7.55 per share price.On Jun 16, 2015, Robert F Mccadden (director) purchased 2,000 shares at $8.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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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