SG Americas Securities LLC Increases Stock Position in Independence Realty Trust, Inc. $IRT

SG Americas Securities LLC boosted its holdings in Independence Realty Trust, Inc. (NYSE:IRT) by 111.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,832 shares of the real estate investment trust’s stock after acquiring an additional 49,465 shares during the quarter. SG Americas Securities LLC’s holdings in Independence Realty Trust were worth $1,397,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Independence Realty Trust by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 2,106,225 shares of the real estate investment trust’s stock valued at $34,521,000 after purchasing an additional 123,274 shares in the last quarter. Argosy Lionbridge Management LLC purchased a new stake in shares of Independence Realty Trust during the third quarter valued at $12,209,000. Geode Capital Management LLC boosted its position in shares of Independence Realty Trust by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,445,967 shares of the real estate investment trust’s stock valued at $112,690,000 after buying an additional 148,449 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Independence Realty Trust by 1,767.5% in the 4th quarter. Teacher Retirement System of Texas now owns 571,568 shares of the real estate investment trust’s stock worth $9,991,000 after buying an additional 540,962 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Independence Realty Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 33,235,002 shares of the real estate investment trust’s stock worth $580,948,000 after buying an additional 250,549 shares in the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Stock Performance

Independence Realty Trust stock opened at $17.30 on Friday. The stock has a market cap of $4.08 billion, a PE ratio of 86.52, a price-to-earnings-growth ratio of 1.93 and a beta of 0.95. Independence Realty Trust, Inc. has a one year low of $14.60 and a one year high of $18.18. The stock has a fifty day moving average of $16.46 and a 200 day moving average of $16.42.

Independence Realty Trust (NYSE:IRT) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.23. The company had revenue of $165.32 million for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. As a group, sell-side analysts predict that Independence Realty Trust, Inc. will post 1.14 EPS for the current fiscal year.

Independence Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, June 26th will be paid a $0.18 dividend. This is a boost from Independence Realty Trust’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, June 26th. This represents a $0.72 annualized dividend and a dividend yield of 4.2%. Independence Realty Trust’s dividend payout ratio (DPR) is currently 360.00%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IRT shares. Jefferies Financial Group raised Independence Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Wall Street Zen lowered shares of Independence Realty Trust from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Barclays lifted 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 research note on Monday, May 11th. Zacks Research raised shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Independence Realty Trust from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Independence Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $20.06.

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.