22 July, 2017
Teachers Advisors LLC raised its position in shares of Independence Realty Trust by 51.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,103,779 shares of the real estate investment trust's stock worth $43,989,000 after buying an additional 11,911 shares during the last quarter.
Brandywine Realty Trust (NYSE BDN) traded down 1.86% during midday trading on Friday, reaching $16.91. Sigma Planning Corp now owns 21,938 shares of the real estate investment trust's stock worth $469,000 after buying an additional 1,979 shares in the last quarter. Credit Agricole S A boosted its stake in shares of First Industrial Realty Trust by 38.7% in the fourth quarter. Credit Agricole S A now owns 99,710 shares of the real estate investment trust's stock worth $2,085,000 after buying an additional 23,315 shares during the last quarter. As of quarter end Goldman Sachs Group Inc had sold a total of 126,041 shares trimming its position 48.8%. GSA Capital Partners LLP bought a new stake in shares of MedEquities Realty Trust during the fourth quarter valued at about $229,000. Independence Realty Trust has a 52 week low of $7.74 and a 52 week high of $10.70. (NYSE PDM) opened at 20.54 on Friday.
Shares of MedEquities Realty Trust Inc. The firm's 50-day moving average price is $12.29 and its 200 day moving average price is $11.65. The firm has a market cap of $397.81 million and a price-to-earnings ratio of 481.54. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.31. Independence Realty Trust, Inc. now has a PEG ratio of 18.29.Most importantly investors want to know where the stock is headed from here. The company had revenue of $38.90 million during the quarter, compared to analyst estimates of $38.53 million. During the same period in the prior year, the business posted $0.21 earnings per share. The business's quarterly revenue was up 4.2% on a year-over-year basis.
Independence Realty Trust, Inc. has posted trailing 12 months earnings of $0.11 per share. Shareholders of record on Friday, June 30th were given a $0.21 dividend. The ex-dividend date is Thursday, July 27th. The data is represented graphically by fluctuating between a value of 0 and 100. First Industrial Realty Trust's dividend payout ratio is presently 77.06%.
TRADEMARK VIOLATION WARNING: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright law. Bennicas & Associates Inc. purchased a new position in Healthcare Realty Trust during the first quarter worth approximately $202,000.
A number of equities research analysts recently commented on the company.
Separately, Zacks Investment Research upgraded shares of MedEquities Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday. FBR & Co reissued an "outperform" rating and issued a $10.75 target price on shares of Independence Realty Trust in a research report on Tuesday, July 11th. Finally, BidaskClub cut First Industrial Realty Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock now has an average rating of Hold and a consensus price target of $34.80. Following the transaction, the chief accounting officer now owns 24,620 shares of the company's stock, valued at approximately $532,776.80. The shares were sold at an average price of $17.01, for a total transaction of $153,549.27. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.76% of the company's stock. Following the sale, the executive vice president now directly owns 58,174 shares in the company, valued at $1,887,746.30. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.
According to Zacks, "Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust focused primarily on the development, construction, acquisition, ownership and operation of high quality neighborhood and community shopping centers in selected growth markets in the United States". The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate.
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