Today, the President of Independence Realty (IRT), Farrell Ender, bought shares of IRT for $701.3K.
Following this transaction Farrell Ender’s holding in the company was increased by 78.37% to a total of $1.05 million. Following Farrell Ender’s last IRT Buy transaction on November 07, 2016, the stock climbed by 3.4%.
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Based on Independence Realty’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $49.1 million and quarterly net profit of $4.79 million. In comparison, last year the company earned revenue of $42.29 million and had a net profit of $6.29 million. IRT’s market cap is $942.9M and the company has a P/E ratio of 50.10. Currently, Independence Realty has an average volume of 575.4K.
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Independence Realty Trust, Inc. is a real estate investment trust. It owns and operates multifamily apartment communities across non-gateway U.S. markets, including Louisville, Memphis, Atlanta and Raleigh. The company is focused on gaining scale within key amenity rich submarkets that offer school districts, retail and employment centers.
