Susquehanna International Group LLP Reduces Stock Holdings in Independence Realty Trust, Inc. $IRT

Susquehanna International Group LLP lowered its stake in Independence Realty Trust, Inc. (NYSE:IRT) by 69.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,285 shares of the real estate investment trust’s stock after selling 86,530 shares during the period. Susquehanna International Group LLP’s holdings in Independence Realty Trust were worth $622,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quantinno Capital Management LP increased its position in shares of Independence Realty Trust by 660.3% during the first quarter. Quantinno Capital Management LP now owns 318,941 shares of the real estate investment trust’s stock valued at $4,749,000 after buying an additional 276,994 shares during the period. Geode Capital Management LLC lifted its holdings in Independence Realty Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,445,967 shares of the real estate investment trust’s stock worth $112,690,000 after buying an additional 148,449 shares during the period. Hsbc Holdings PLC boosted its position in Independence Realty Trust by 49.2% during the 1st quarter. Hsbc Holdings PLC now owns 572,161 shares of the real estate investment trust’s stock valued at $8,518,000 after acquiring an additional 188,658 shares in the last quarter. Deutsche Bank AG bought a new stake in Independence Realty Trust during the 2nd quarter valued at approximately $5,874,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Independence Realty Trust by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,473,797 shares of the real estate investment trust’s stock worth $51,725,000 after acquiring an additional 134,364 shares during the period. 88.25% of the stock is owned by hedge funds and other institutional investors.

Independence Realty Trust Stock Performance

Shares of NYSE:IRT opened at $16.18 on Tuesday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 89.89 and a beta of 0.94. The business has a 50-day simple moving average of $16.74 and a two-hundred day simple moving average of $16.32. Independence Realty Trust, Inc. has a fifty-two week low of $14.60 and a fifty-two week high of $18.18.

Independence Realty Trust (NYSE:IRT) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.26). The firm had revenue of $167.24 million during the quarter, compared to analysts’ expectations of $166.93 million. Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%.The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. As a group, research analysts predict that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IRT. Jefferies Financial Group raised Independence Realty Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Independence Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Independence Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Barclays raised shares of Independence Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $20.00 in a research report on Tuesday, July 14th. Finally, UBS Group lowered their price target on shares of Independence Realty Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.56.

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.