AlphaQuest LLC lowered its holdings in Independence Realty Trust, Inc. (NYSE:IRT – Free Report) by 87.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,612 shares of the real estate investment trust’s stock after selling 52,188 shares during the quarter. AlphaQuest LLC’s holdings in Independence Realty Trust were worth $125,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in IRT. NewEdge Advisors LLC acquired a new position in shares of Independence Realty Trust during the first quarter worth approximately $209,000. Goldman Sachs Group Inc. grew its stake in shares of Independence Realty Trust by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,935,487 shares of the real estate investment trust’s stock worth $62,320,000 after acquiring an additional 420,682 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Independence Realty Trust by 7.2% during the second quarter. Janney Montgomery Scott LLC now owns 23,827 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 1,590 shares during the period. Truist Financial Corp raised its stake in Independence Realty Trust by 6.2% during the 2nd quarter. Truist Financial Corp now owns 30,456 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 1,789 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in Independence Realty Trust by 8.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 47,900 shares of the real estate investment trust’s stock valued at $854,000 after purchasing an additional 3,600 shares during the last quarter. 88.25% of the stock is owned by institutional investors.
More Independence Realty Trust News
Here are the key news stories impacting Independence Realty Trust this week:
- Positive Sentiment: Company raised FY‑2026 EPS guidance to $1.120–$1.160, well above prior street expectations (~$0.62), signaling stronger forward cash‑flow outlook and implied upside to valuation and dividend coverage.
- Positive Sentiment: Mgmt set a 2026 same‑store revenue target of ~1.7% and plans to expand value‑add renovation activity — a push to drive NOI and lease‑up premium in existing assets. Independence Realty Trust targets 1.7% same-store revenue growth for 2026 while expanding value-add renovations
- Neutral Sentiment: Q4 / FY‑2025 results: FFO/CFFO and EPS largely in line with consensus (FFO/CFFO per share $0.32 Q4; full‑year CFFO ~$1.17); same‑store NOI and revenue showed modest growth (SS revenue +1.7% FY). The quarter did not materially surprise the market. Independence Realty Trust Announces Fourth Quarter and Full Year 2025 Financial Results
- Neutral Sentiment: Conference call / transcript and analyst coverage noted the inflection potential as renovation and revenue initiatives ramp, but revenue slightly missed quarterly consensus (~$167.1M vs. $170.3M est.), tempering enthusiasm. Independence Realty Trust IRT Earnings Transcript
- Neutral Sentiment: Analyst/news summaries (Zacks / Investing.com) highlight that FFO matched estimates and position the name as approaching an operational inflection — supportive but not immediately catalytic. Independence Realty Trust (IRT) Matches Q4 FFO Estimates Independence Realty earnings up next as inflection point nears
- Negative Sentiment: Company disclosed a counsel transition and is seeking governance stability — such leadership/governance changes can create near‑term investor uncertainty and may pressure the stock despite the upbeat guidance. Independence Realty Trust Plans Counsel Transition While Seeking Governance Stability
Independence Realty Trust Stock Down 5.0%
Independence Realty Trust (NYSE:IRT – Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $167.13 million during the quarter, compared to analyst estimates of $170.26 million. Independence Realty Trust had a net margin of 8.60% and a return on equity of 1.58%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. As a group, research analysts expect that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current year.
Independence Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Wednesday, December 31st were given a $0.17 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.68 annualized dividend and a yield of 4.3%. Independence Realty Trust’s payout ratio is presently 680.00%.
Analyst Upgrades and Downgrades
IRT has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Independence Realty Trust in a research report on Monday, December 29th. Colliers Securities cut shares of Independence Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft downgraded Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research report on Tuesday, January 20th. Wall Street Zen lowered Independence Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, BMO Capital Markets upgraded Independence Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $20.00 to $22.00 in a research report on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.35.
Check Out Our Latest Stock Report on Independence Realty Trust
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.
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