The CFO & Treasurer of Independence Realty (NYSEARCA: IRT) is Buying Shares

By Carrie Williams

Today, the CFO & Treasurer of Independence Realty (NYSEARCA: IRT), James Sebra, bought shares of IRT for $19.75K.

This recent transaction increases James Sebra’s holding in the company by 5.5% to a total of $165.6K. Following James Sebra’s last IRT Buy transaction on February 25, 2016, the stock climbed by 2.0%.

Based on Independence Realty’s latest earnings report from June 30, the company posted quarterly revenue of $38.33M and quarterly net profit of $28.99M. In comparison, last year the company earned revenue of $25.49M and had a net profit of $24.02M. IRT’s market cap is $386.3M and the company has a P/E ratio of 10.86. The company has a one year high of $10.70 and a one year low of $5.97.

Four different firms, including Compass Point and Deutsche Bank, currently also have a Buy rating on the stock.

The insider sentiment on Independence Realty has been negative according to 22 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Independence Realty Trust, Inc. owns and operates real estate investment trusts. The company business consists of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. Independence Realty Trust was founded on March 26, 2009 and is headquartered in Philadelphia, PA.