Rep. Gilbert Ray Cisneros, Jr. Buys Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independence Realty Trust stock on July 10th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Independence Realty Trust Price Performance

NYSE IRT traded down $0.15 on Tuesday, reaching $15.94. The company had a trading volume of 2,349,378 shares, compared to its average volume of 2,719,473. The firm has a market capitalization of $3.76 billion, a PE ratio of 88.58 and a beta of 0.93. Independence Realty Trust, Inc. has a 1 year low of $14.60 and a 1 year high of $17.98. The firm has a 50-day moving average of $16.70 and a 200-day moving average of $16.31.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Independence Realty Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company upped 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. UBS Group decreased their price objective 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. Weiss Ratings upgraded Independence Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Barclays raised Independence Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $20.00 in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Independence Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $19.56.

Hedge Funds Weigh In On Independence Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Independence Realty Trust in the second quarter worth $601,975,000. State Street Corp boosted its stake in Independence Realty Trust by 0.6% during the 4th quarter. State Street Corp now owns 13,074,813 shares of the real estate investment trust’s stock valued at $230,705,000 after acquiring an additional 76,635 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Independence Realty Trust by 0.3% during the 2nd quarter. Alliancebernstein L.P. now owns 9,139,506 shares of the real estate investment trust’s stock valued at $161,678,000 after acquiring an additional 30,701 shares during the last quarter. Geode Capital Management LLC grew its holdings in Independence Realty Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,445,967 shares of the real estate investment trust’s stock worth $112,690,000 after acquiring an additional 148,449 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Independence Realty Trust by 209.5% during the 4th quarter. Morgan Stanley now owns 5,649,829 shares of the real estate investment trust’s stock worth $98,759,000 after acquiring an additional 3,824,512 shares in the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.