Markets
Readystate Asset Management LP Makes New $2.06 Million Investment in Independence Realty Trust, Inc. $IRT
Readystate Asset Management LP has made a new $2.06 million investment in Independence Realty Trust, Inc. (IRT), acquiring 123,465 shares, which represents a 0.05% stake. The REIT is largely owned by institutional investors and hedge funds (88.25%) and holds a "Moderate Buy" consensus rating from analysts. Despite positive analyst sentiment and revenue slightly above estimates, the company's latest quarterly EPS of $0.01 missed expectations by $0.26.