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Peregrine Capital cut its stake in Independence Realty Trust, despite the company receiving a "Moderate Buy" rating.
Peregrine Capital Management sold shares of Independence Realty Trust (IRT), cutting their holdings by over 14%, while Deutsche Bank increased its stake.
IRT slightly missed earnings expectations, reporting $0.27 EPS against a $0.28 estimate, with revenue at $160.91 million.
The company's stock has a consensus "Moderate Buy" rating, with a target price of $22.70, and trades at $17.73, having a market cap of $4.15 billion.
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Peregrine Capital recortó su participación en Independence Realty Trust, a pesar de que la compañía recibió una calificación de "Compra Moderada".