Rep. Gilbert Ray Cisneros, Jr. Buys Independence Realty Trust, Inc. (NYSE:IRT) Stock

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independence Realty Trust stock on July 10th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Independence Realty Trust Stock Down 0.9%

Independence Realty Trust stock traded down $0.15 during trading hours on Tuesday, hitting $15.94. The stock had a trading volume of 2,351,419 shares, compared to its average volume of 2,719,479. The company has a market cap of $3.76 billion, a PE ratio of 88.58 and a beta of 0.93. Independence Realty Trust, Inc. has a fifty-two week low of $14.60 and a fifty-two week high of $17.98. The company has a 50-day moving average of $16.68 and a two-hundred day moving average of $16.31.

Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.26). Independence Realty Trust had a net margin of 6.52% and a return on equity of 1.22%. The business had revenue of $167.24 million during the quarter, compared to the consensus estimate of $166.93 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. As a group, analysts forecast that Independence Realty Trust, Inc. will post 1.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on IRT. Jefferies Financial Group raised shares of Independence Realty Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Independence Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Independence Realty Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Independence Realty Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Wells Fargo & Company upped their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.56.

Institutional Trading of Independence Realty Trust

Several hedge funds have recently made changes to their positions in IRT. Allworth Financial LP boosted its holdings in shares of Independence Realty Trust by 25.9% in the second quarter. Allworth Financial LP now owns 5,778 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 1,187 shares during the period. Nykredit A S bought a new stake in Independence Realty Trust during the second quarter valued at approximately $72,000. Amundi increased its holdings in shares of Independence Realty Trust by 2.5% in the 2nd quarter. Amundi now owns 136,614 shares of the real estate investment trust’s stock worth $2,280,000 after buying an additional 3,273 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Independence Realty Trust in the 2nd quarter worth $260,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Independence Realty Trust by 1,522.4% in the 2nd quarter. California State Teachers Retirement System now owns 4,520,937 shares of the real estate investment trust’s stock worth $75,454,000 after purchasing an additional 4,242,288 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Independence Realty Trust

Independence Realty Trust is a self-administered equity real estate investment trust that acquires, redevelops and manages multi-family communities. The company focuses on workforce housing, targeting Class A and B garden-style apartments in suburban and urban infill locations. Its core activities include sourcing value-add acquisitions, overseeing property renovations and delivering in-house property management services to optimize rental income and occupancy levels.

Headquartered in Wayne, Pennsylvania, Independence Realty Trust maintains a geographically diverse portfolio across several high-growth U.S.