Independence Realty Trust, Inc. $IRT Shares Newly Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA purchased a new position in shares of Independence Realty Trust, Inc. (NYSE:IRT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 849,818 shares of the real estate investment trust’s stock, valued at approximately $12,348,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IRT. Taylor Frigon Capital Management LLC raised its holdings in Independence Realty Trust by 1.4% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 97,982 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 1,351 shares during the last quarter. Inspire Investing LLC boosted its position in Independence Realty Trust by 7.5% during the 3rd quarter. Inspire Investing LLC now owns 43,653 shares of the real estate investment trust’s stock worth $634,000 after buying an additional 3,042 shares during the period. Robertson Stephens Wealth Management LLC acquired a new stake in Independence Realty Trust during the 3rd quarter worth approximately $181,000. B. Riley Wealth Advisors Inc. bought a new stake in Independence Realty Trust during the 3rd quarter worth approximately $299,000. Finally, Congress Asset Management Co. grew its holdings in Independence Realty Trust by 21.4% during the 3rd quarter. Congress Asset Management Co. now owns 1,216,370 shares of the real estate investment trust’s stock worth $17,674,000 after acquiring an additional 214,192 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Independence Realty Trust from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Wall Street Zen upgraded shares of Independence Realty Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Barclays reduced their price objective on shares of Independence Realty Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. UBS Group reduced their price objective on shares of Independence Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Finally, Citigroup restated a “market outperform” rating on shares of Independence Realty Trust in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.39.

Independence Realty Trust Price Performance

Shares of IRT opened at $14.96 on Monday. Independence Realty Trust, Inc. has a 1 year low of $14.33 and a 1 year high of $17.79. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 83.14 and a beta of 0.96. The business has a 50-day moving average of $15.35 and a 200-day moving average of $16.07.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.26). Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%. The company had revenue of $167.24 million during the quarter, compared to analyst estimates of $166.93 million. During the same period in the prior year, the firm earned $0.28 earnings per share. Independence Realty Trust’s revenue 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, sell-side analysts anticipate that Independence Realty Trust, Inc. will post 1.14 EPS for the current year.

Independence Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.72 annualized dividend and a yield of 4.8%. Independence Realty Trust’s dividend payout ratio (DPR) is presently 400.00%.

Independence Realty Trust Profile

Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns, operates and acquires multifamily apartment communities in the United States. The company focuses on providing rental housing, with properties generally located in markets that offer population growth, employment opportunities and attractive long-term housing demand.

IRT’s portfolio is concentrated primarily in the Southeast and other select U.S. growth markets, including communities in states such as Georgia, North Carolina, South Carolina, Tennessee, Florida, Texas and Colorado.