A Director at Independence Realty (NYSE: IRT) is Selling Shares

By Carrie Williams

Today, a Director at Independence Realty (IRTResearch Report), Richard Ross, sold shares of IRT for $53.12K.

Following Richard Ross’ last IRT Sell transaction on March 13, 2019, the stock climbed by 2.9%.

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Based on Independence Realty’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $51.41 million and quarterly net profit of $14.71 million. In comparison, last year the company earned revenue of $47.13 million and had a net profit of $3.51 million. Currently, Independence Realty has an average volume of 461.29K. IRT’s market cap is $1.18B and the company has a P/E ratio of 32.36.

Richard Ross’ trades have generated a -2.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Independence Realty Trust, Inc. is a real estate investment trust. It acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets.