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

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independence Realty Trust stock on January 15th. 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 $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Independence Realty Trust Stock Performance

IRT traded down $0.06 during midday trading on Friday, reaching $16.54. 2,428,788 shares of the company were exchanged, compared to its average volume of 2,904,675. The stock has a market capitalization of $3.92 billion, a P/E ratio of 68.90, a PEG ratio of 2.10 and a beta of 1.00. Independence Realty Trust, Inc. has a one year low of $15.06 and a one year high of $21.86. The stock’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $16.87.

Independence Realty Trust (NYSE:IRT) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $167.13 million for the quarter, compared to the consensus estimate of $170.26 million. Independence Realty Trust had a net margin of 8.60% and a return on equity of 1.58%. Independence Realty Trust’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. On average, research analysts anticipate that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current year.

Independence Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 4.1%. Independence Realty Trust’s dividend payout ratio (DPR) is 283.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. KeyCorp cut their price objective on Independence Realty Trust from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft cut Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a report on Tuesday, January 20th. Colliers Securities downgraded shares of Independence Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 4th. Barclays lifted their target price on Independence Realty Trust from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Independence Realty Trust in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.35.

Institutional Investors Weigh In On Independence Realty Trust

A number of institutional investors have recently modified their holdings of the business. Long Pond Capital LP increased its position in Independence Realty Trust by 564.5% during the second quarter. Long Pond Capital LP now owns 5,500,502 shares of the real estate investment trust’s stock worth $97,304,000 after acquiring an additional 4,672,690 shares during the period. Engineers Gate Manager LP grew its position in shares of Independence Realty Trust by 16,719.4% during the 4th quarter. Engineers Gate Manager LP now owns 4,299,707 shares of the real estate investment trust’s stock worth $75,159,000 after purchasing an additional 4,274,143 shares in the last quarter. Morgan Stanley increased its holdings in shares of Independence Realty Trust by 209.5% during the fourth quarter. Morgan Stanley now owns 5,649,829 shares of the real estate investment trust’s stock worth $98,759,000 after purchasing an additional 3,824,512 shares during the period. Franklin Resources Inc. raised its position in shares of Independence Realty Trust by 1,435.4% in the third quarter. Franklin Resources Inc. now owns 3,827,503 shares of the real estate investment trust’s stock valued at $62,733,000 after buying an additional 3,578,221 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Independence Realty Trust in the fourth quarter valued at approximately $52,122,000. Institutional investors own 88.25% of the company’s stock.

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.