Aurora Investment Managers LLC. Sells 94,676 Shares of Independence Realty Trust, Inc. $IRT

Aurora Investment Managers LLC. lessened its holdings in Independence Realty Trust, Inc. (NYSE:IRT) by 48.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,066 shares of the real estate investment trust’s stock after selling 94,676 shares during the period. Independence Realty Trust comprises 1.1% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 27th biggest holding. Aurora Investment Managers LLC.’s holdings in Independence Realty Trust were worth $1,475,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. IFM Investors Pty Ltd boosted its stake in Independence Realty Trust by 1.6% during the 4th quarter. IFM Investors Pty Ltd now owns 38,532 shares of the real estate investment trust’s stock valued at $674,000 after purchasing an additional 607 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Independence Realty Trust by 15.9% during the fourth quarter. Global Retirement Partners LLC now owns 4,921 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 676 shares during the last quarter. CWM LLC grew its holdings in Independence Realty Trust by 1.8% during the fourth quarter. CWM LLC now owns 39,365 shares of the real estate investment trust’s stock worth $688,000 after buying an additional 712 shares in the last quarter. Huntington National Bank grew its holdings in Independence Realty Trust by 46.4% during the third quarter. Huntington National Bank now owns 2,289 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 725 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Independence Realty Trust by 70.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,810 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 747 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on Independence Realty Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings lowered shares of Independence Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Wall Street Zen downgraded shares of Independence Realty Trust from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Zacks Research raised shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Barclays boosted their price target on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Independence Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $20.06.

Independence Realty Trust Stock Up 1.7%

Shares of IRT stock opened at $16.28 on Wednesday. The firm has a market cap of $3.84 billion, a P/E ratio of 81.40, a PEG ratio of 1.79 and a beta of 0.96. The company has a 50 day moving average of $16.28 and a 200-day moving average of $16.41. Independence Realty Trust, Inc. has a 12-month low of $14.60 and a 12-month high of $18.18.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, beating the consensus estimate 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 business had revenue of $165.32 million for the quarter, compared to the consensus estimate of $166.35 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. Independence Realty Trust’s revenue for the quarter 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. As a group, equities analysts expect that Independence Realty Trust, Inc. will post 1.14 EPS for the current year.

Independence Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, June 26th. This is a positive change from Independence Realty Trust’s previous quarterly dividend of $0.17. Independence Realty Trust’s dividend payout ratio is currently 340.00%.

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.