B&I Capital AG Decreases Stock Holdings in Independence Realty Trust, Inc. $IRT

B&I Capital AG lowered its position in shares of Independence Realty Trust, Inc. (NYSE:IRT) by 42.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,460 shares of the real estate investment trust’s stock after selling 216,400 shares during the period. Independence Realty Trust accounts for approximately 1.5% of B&I Capital AG’s portfolio, making the stock its 19th largest position. B&I Capital AG’s holdings in Independence Realty Trust were worth $4,385,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Danske Bank A S purchased a new position in shares of Independence Realty Trust in the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new position in Independence Realty Trust in the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its stake in 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 valued at $32,000 after purchasing an additional 747 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Independence Realty Trust by 97.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,875 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Independence Realty Trust by 1,420.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 3,329 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,110 shares in the last quarter. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Independence Realty Trust Trading Up 2.9%

Shares of NYSE IRT opened at $16.94 on Friday. Independence Realty Trust, Inc. has a twelve month low of $14.60 and a twelve month high of $18.18. The stock has a 50 day moving average of $16.58 and a two-hundred day moving average of $16.40. The stock has a market cap of $3.99 billion, a P/E ratio of 84.70, a P/E/G ratio of 1.84 and a beta of 0.95.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating 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%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same period 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, research analysts predict that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current year.

Independence Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Friday, June 26th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 26th. This represents a $0.72 dividend on an annualized basis and a yield of 4.3%. This is an increase from Independence Realty Trust’s previous quarterly dividend of $0.17. Independence Realty Trust’s dividend payout ratio (DPR) is currently 360.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IRT. Barclays upgraded shares of Independence Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $20.00 in a research report on Tuesday. UBS Group dropped their target price on shares of Independence Realty Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. 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. Wells Fargo & Company boosted their price target 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. Finally, Zacks Research upgraded shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Independence Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $20.19.

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.