90.3% short interest increase for Independence Realty Trust in September, with institutional investors holding 88.25% of stock.

Independence Realty Trust, Inc. (IRT) saw a 90.3% increase in short interest in September, totaling 23.8 million shares. Institutional investors hold 88.25% of the stock. Analysts from multiple firms, including Deutsche Bank and JMP Securities, have issued buy ratings with an average price target of $19.57. The company declared a quarterly dividend of $0.16, yielding 3.12%, and operates multifamily communities in non-gateway U.S. markets.

September 28, 2024
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