World Investment Advisors Invests $732,000 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, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,894 shares of the real estate investment trust’s stock, valued at approximately $732,000.

Several other institutional investors also recently modified their holdings of IRT. Solstein Capital LLC bought a new stake in shares of Independence Realty Trust in the 3rd quarter valued at about $25,000. Danske Bank A S bought a new position in shares of Independence Realty Trust during the third quarter worth about $26,000. SHP Wealth Management acquired a new position in shares of Independence Realty Trust in the fourth quarter worth approximately $30,000. Farther Finance Advisors LLC lifted its stake in shares of Independence Realty Trust by 70.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,810 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 747 shares during the period. Finally, Huntington National Bank lifted its stake in shares of Independence Realty Trust by 46.4% in the third quarter. Huntington National Bank now owns 2,289 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 725 shares during the period. Institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of 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. 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. UBS Group reduced their price objective on shares of 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. Wells Fargo & Company increased their price objective 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. Finally, Zacks Research raised shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.06.

Independence Realty Trust Stock Performance

Shares of IRT opened at $16.05 on Tuesday. The firm has a market cap of $3.78 billion, a PE ratio of 80.24, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. Independence Realty Trust, Inc. has a 52-week low of $14.60 and a 52-week high of $18.18. The business’s 50 day moving average price is $16.26 and its two-hundred day moving average price is $16.42.

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

Independence Realty Trust Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, June 26th. This is a positive change from Independence Realty Trust’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 4.5%. Independence Realty Trust’s dividend payout ratio is 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.