Independence Realty Trust, Inc. (IRT) Analysts See $0.18 EPS; Echo Street Capital Management Has Upped Groupe Cgi (GIB) Stake By $8.38 Million

January 14, 2018 - By Vivian Park

Analysts expect Independence Realty Trust, Inc. (NYSE:IRT) to report $0.18 EPS on February, 15.They anticipate $0.01 EPS change or 5.88% from last quarter’s $0.17 EPS. IRT’s profit would be $15.53M giving it 13.19 P/E if the $0.18 EPS is correct. After having $0.19 EPS previously, Independence Realty Trust, Inc.’s analysts see -5.26% EPS growth. The stock decreased 1.96% or $0.19 during the last trading session, reaching $9.5. About 750,498 shares traded or 30.35% up from the average. Independence Realty Trust, Inc. (NYSE:IRT) has risen 20.69% since January 14, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

Echo Street Capital Management Llc increased Groupe Cgi Inc (GIB) stake by 142.39% reported in 2017Q3 SEC filing. Echo Street Capital Management Llc acquired 164,267 shares as Groupe Cgi Inc (GIB)’s stock rose 0.04%. The Echo Street Capital Management Llc holds 279,634 shares with $14.51M value, up from 115,367 last quarter. Groupe Cgi Inc now has $14.99B valuation. The stock increased 1.05% or $0.56 during the last trading session, reaching $53.66. About 145,186 shares traded. CGI Group Inc. (NYSE:GIB) has risen 9.32% since January 14, 2017 and is uptrending. It has underperformed by 7.38% the S&P500.

Independence Realty Trust is a real estate investment trust. The company has market cap of $819.46 million. Upon completion of the previously announced nine community portfolio acquisition, IRT will own and operate 55 multifamily apartment properties, totaling 15,165 units, across non-gateway U.S. markets, including Louisville, Memphis, Atlanta and Raleigh. It currently has negative earnings. IRT??s investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers.

Among 6 analysts covering Independence Realty Trust (NYSE:IRT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Independence Realty Trust had 6 analyst reports since September 2, 2015 according to SRatingsIntel. As per Monday, September 28, the company rating was reinitiated by Deutsche Bank. The rating was initiated by KeyBanc Capital Markets on Tuesday, December 5 with “Sector Weight”. The rating was maintained by Compass Point with “Buy” on Monday, November 2. The rating was upgraded by Zacks on Wednesday, September 2 to “Hold”. FBR Capital upgraded Independence Realty Trust, Inc. (NYSE:IRT) on Thursday, June 15 to “Outperform” rating.

Investors sentiment increased to 3.31 in 2017 Q3. Its up 0.73, from 2.58 in 2017Q2. It increased, as 12 investors sold Independence Realty Trust, Inc. shares while 20 reduced holdings. 29 funds opened positions while 77 raised stakes. 128.56 million shares or 158.42% more from 49.75 million shares in 2017Q2 were reported. 10,348 were accumulated by Sg Americas Securities Limited Liability Corp. Vanguard Grp Inc Inc invested in 10.06M shares. Phocas Financial Corp holds 1% of its portfolio in Independence Realty Trust, Inc. (NYSE:IRT) for 1.14 million shares. Alliancebernstein L P owns 0.04% invested in Independence Realty Trust, Inc. (NYSE:IRT) for 4.65M shares. Kbc Group Nv holds 0.01% or 83,483 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 7,093 shares or 0% of its portfolio. Spirit Of America Management New York accumulated 74,179 shares or 0.08% of the stock. Mason Street Limited Liability Co invested 0.01% in Independence Realty Trust, Inc. (NYSE:IRT). Oppenheimer Asset Mgmt Inc, a New York-based fund reported 11,375 shares. Indexiq Limited Liability Corp invested in 101,937 shares. Foundry Prns Ltd Llc holds 750,900 shares or 0.31% of its portfolio. Ancora Advsr Ltd Liability owns 633,281 shares for 0.37% of their portfolio. First Manhattan Communications holds 116 shares or 0% of its portfolio. Deutsche Bancorporation Ag has 0% invested in Independence Realty Trust, Inc. (NYSE:IRT) for 157,566 shares. 401,431 are held by Goldman Sachs Gru Inc.

Among 9 analysts covering CGI Group (NYSE:GIB), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. CGI Group had 15 analyst reports since July 29, 2015 according to SRatingsIntel. Dundee Securities maintained CGI Group Inc. (NYSE:GIB) rating on Thursday, November 10. Dundee Securities has “Buy” rating and $74 target. Societe Generale downgraded CGI Group Inc. (NYSE:GIB) on Thursday, November 10 to “Hold” rating. The stock has “Buy” rating by Desjardins Securities on Friday, May 27. The firm earned “Sell” rating on Friday, December 16 by Goldman Sachs. The firm has “Buy” rating by Societe Generale given on Thursday, November 12. TD Securities initiated the stock with “Buy” rating in Monday, April 4 report. RBC Capital Markets maintained the shares of GIB in report on Thursday, November 12 with “Outperform” rating. The rating was upgraded by Desjardins Securities on Wednesday, November 4 to “Buy”. As per Tuesday, August 22, the company rating was maintained by Canaccord Genuity. The firm has “Neutral” rating by Macquarie Research given on Tuesday, September 27.

Echo Street Capital Management Llc decreased Cognizant Technology Solutio (NASDAQ:CTSH) stake by 429,813 shares to 98,490 valued at $7.14M in 2017Q3. It also reduced Park Hotels Resorts Inc stake by 64,100 shares and now owns 299,726 shares. Regency Ctrs Corp (NYSE:REG) was reduced too.

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