Hilton Capital Management Has Lifted Its Independence Realty Trust (IRT) Holding; John Hancock Premium Dividend Fund Has 1.06 Sentiment

September 13, 2017 - By Nellie Frank

John Hancock Premium Dividend Fund is a diversified, closed-end management investment company. The company has market cap of $812.36 million. The Fund’s investment objective is to provide high current income, consistent with modest growth of capital. It currently has negative earnings. The Fund seeks to pursue its objective by investing in a diversified portfolio comprised primarily of dividend paying preferred securities and common equity securities.

Hilton Capital Management Llc increased Independence Realty Trust (IRT) stake by 22.4% reported in 2016Q4 SEC filing. Hilton Capital Management Llc acquired 202,254 shares as Independence Realty Trust (IRT)’s stock declined 1.51%. The Hilton Capital Management Llc holds 1.10M shares with $9.86M value, up from 902,732 last quarter. Independence Realty Trust now has $828.29M valuation. The stock declined 1.36% or $0.14 reaching $10.15 on the news. About 411,268 shares traded. Independence Realty Trust Inc (NYSEMKT:IRT) has risen 20.69% since September 13, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.

Among 3 analysts covering Independence Realty Trust (NYSEMKT:IRT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Independence Realty Trust had 4 analyst reports since July 30, 2015 according to SRatingsIntel. On Monday, November 2 the stock rating was maintained by Compass Point with “Buy”. The rating was reinitiated by Deutsche Bank on Monday, September 28 with “Hold”. On Thursday, July 30 the stock rating was maintained by Wunderlich with “Buy”.

Hilton Capital Management Llc decreased A T & T Inc (New) (NYSE:T) stake by 29,759 shares to 7,359 valued at $313,000 in 2016Q4. It also reduced First Of Long Island Corp (NASDAQ:FLIC) stake by 99,792 shares and now owns 113,781 shares. Procter & Gamble Company (NYSE:PG) was reduced too.

Investors sentiment increased to 2.58 in 2016 Q4. Its up 1.51, from 1.07 in 2016Q3. It increased, as 25 investors sold IRT shares while 25 reduced holdings. 34 funds opened positions while 58 raised stakes. 44.95 million shares or 52.22% less from 94.08 million shares in 2016Q3 were reported. Tower Capital Ltd Liability Corp (Trc) reported 1,427 shares or 0% of all its holdings. Blackrock Fund Advsr stated it has 1.99M shares. Monarch Partners Asset Management Llc stated it has 0.03% in Independence Realty Trust Inc (NYSE:IRT). Ubs Oconnor Ltd holds 0% or 294,637 shares in its portfolio. Guggenheim Capital Ltd Liability Co owns 99,471 shares. Blackrock Mngmt Lc holds 239,490 shares. Bbr Prns reported 10,000 shares. Independent Portfolio Consultants Inc holds 0.1% or 34,085 shares. Panagora Asset Mgmt reported 1,740 shares stake. 273,900 were reported by Renaissance Technology Limited Com. 1.05M are owned by Blair William Il. Sheets Smith Wealth Mngmt holds 116,990 shares or 0.29% of its portfolio. Matarin Capital Mngmt Ltd Liability Company reported 27,881 shares. Teachers Insur & Annuity Association Of America reported 64,154 shares. 103 are held by Envestnet Asset.

About 48,188 shares traded. John Hancock Patriot Premium Div Fund II (PDT) has risen 8.55% since September 13, 2016 and is uptrending. It has underperformed by 8.15% the S&P500.

Frontier Investment Mgmt Co holds 0.51% of its portfolio in John Hancock Patriot Premium Div Fund II for 341,274 shares. Stratos Wealth Partners Ltd. owns 118,462 shares or 0.12% of their US portfolio. Moreover, Ifc Holdings Incorporated Fl has 0.1% invested in the company for 64,587 shares. The Massachusetts-based Baldwin Brothers Inc Ma has invested 0.08% in the stock. Ftb Advisors Inc., a Tennessee-based fund reported 20,000 shares.

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