World Investment Advisors Takes $732,000 Position in Independence Realty Trust, Inc. $IRT

World Investment Advisors bought a new position in shares of Independence Realty Trust, Inc. (NYSE:IRT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,894 shares of the real estate investment trust’s stock, valued at approximately $732,000.

A number of other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Independence Realty Trust by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,106,225 shares of the real estate investment trust’s stock valued at $34,521,000 after acquiring an additional 123,274 shares during the period. Argosy Lionbridge Management LLC acquired a new stake in shares of Independence Realty Trust in the third quarter worth $12,209,000. Hantz Financial Services Inc. raised its holdings in shares of Independence Realty Trust by 3,483.0% during the third quarter. Hantz Financial Services Inc. now owns 66,967 shares of the real estate investment trust’s stock worth $1,098,000 after purchasing an additional 65,098 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Independence Realty Trust by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 33,235,002 shares of the real estate investment trust’s stock worth $580,948,000 after purchasing an additional 250,549 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Independence Realty Trust by 1,767.5% during the fourth quarter. Teacher Retirement System of Texas now owns 571,568 shares of the real estate investment trust’s stock valued at $9,991,000 after purchasing an additional 540,962 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on IRT. Wells Fargo & Company cut their price target on Independence Realty Trust from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings cut Independence Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. UBS Group lowered their target price on Independence Realty Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays lifted their price target on Independence Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.94.

Independence Realty Trust Trading Up 1.7%

Shares of IRT opened at $16.27 on Tuesday. The firm has a market cap of $3.84 billion, a P/E ratio of 81.37, a PEG ratio of 1.78 and a beta of 0.98. Independence Realty Trust, Inc. has a 12 month low of $14.60 and a 12 month high of $19.61. The stock’s 50 day moving average is $15.75 and its two-hundred day moving average is $16.42.

Independence Realty Trust (NYSE:IRT) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.23. Independence Realty Trust had a return on equity of 1.35% and a net margin of 7.27%.The firm had revenue of $165.32 million for the quarter, compared to analyst estimates of $166.35 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. Equities research analysts forecast that Independence Realty Trust, Inc. will post 1.14 EPS for the current year.

Independence Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, June 26th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, June 26th. This is an increase from Independence Realty Trust’s previous quarterly dividend of $0.17. Independence Realty Trust’s payout ratio is 340.00%.

Independence Realty Trust Profile

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.