Independence Realty Trust, Inc (IRT) Files Form 4 Insider Buying : Sharon M. Tsao Buys 1,000 Shares

Independence Realty Trust, Inc (IRT): Sharon M. Tsao , director of Independence Realty Trust, Inc purchased 1,000 shares on May 17, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.75 per share for a total value of $7,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Scott Schaeffer (CEO) purchased 12,000 shares at $7.68 per share price.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.

Shares of Independence Realty Trust Inc (IRT) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -1.04% at $7.59 with 4,99,401 shares getting traded. Post opening the session at $7.76, the shares hit an intraday low of $7.49 and an intraday high of $7.78 and the price vacillated in this range throughout the day. The company has a market cap of $360 M and the number of outstanding shares has been calculated to be 4,74,58,250 shares. The 52-week high of Independence Realty Trust Inc is $8.99 and the 52-week low is $5.97.

Independence Realty Trust Inc Money Flow Index Chart

On May 4, 2016, Independence Realty Trust Inc announced a cash dividend of $0.0600. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 15, 2016.

Company has been under the radar of several Street Analysts.Independence Realty Trust Inc is Initiated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $7.50. The Rating was issued on Apr 7, 2016.

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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