World Investment Advisors Buys New Holdings in Independence Realty Trust, Inc. $IRT

World Investment Advisors purchased a new position in shares of Independence Realty Trust, Inc. (NYSE:IRT) during the fourth quarter, HoldingsChannel reports. The firm purchased 41,894 shares of the real estate investment trust’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its holdings in Independence Realty Trust by 1.6% in the fourth quarter. IFM Investors Pty Ltd now owns 38,532 shares of the real estate investment trust’s stock worth $674,000 after acquiring an additional 607 shares in the last quarter. Global Retirement Partners LLC increased its holdings 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 acquiring an additional 676 shares in the last quarter. CWM LLC increased its holdings in shares of 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 valued at $688,000 after acquiring an additional 712 shares in the last quarter. Huntington National Bank raised its position in shares of 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 purchasing an additional 725 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Independence Realty Trust by 70.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,810 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 747 shares during the period. Institutional investors own 88.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on IRT. Wall Street Zen downgraded shares of Independence Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Barclays raised their price objective on shares of Independence Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of Independence Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, Wells Fargo & Company boosted their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Six investment 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 stock presently has an average rating of “Hold” and a consensus target price of $20.06.

Independence Realty Trust Stock Up 1.4%

IRT stock opened at $16.05 on Tuesday. The firm has a market capitalization of $3.78 billion, a PE ratio of 80.24, a P/E/G ratio of 1.76 and a beta of 0.96. Independence Realty Trust, Inc. has a twelve month low of $14.60 and a twelve month high of $18.18. The stock’s 50 day moving average is $16.26 and its 200-day moving average is $16.42.

Independence Realty Trust (NYSE:IRT) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.23. The business had revenue of $165.32 million during the quarter, compared to the consensus estimate of $166.35 million. Independence Realty Trust had a return on equity of 1.35% and a net margin of 7.27%.Independence Realty Trust’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. On average, equities research analysts anticipate that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current fiscal 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 dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.72 dividend on an annualized basis and a yield of 4.5%. This is a positive change from Independence Realty Trust’s previous quarterly dividend of $0.17. Independence Realty Trust’s payout ratio is presently 360.00%.

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.