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

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased $1,001–$15,000 of Independence Realty Trust shares on July 10, according to a congressional disclosure. He also recently bought shares in several other companies and sold positions including Alibaba, Adobe, Viavi Solutions and FedEx.
• Independence Realty Trust reported quarterly EPS of $0.01, missing the $0.27 consensus estimate, while revenue rose 3.2% year over year to $167.24 million. The REIT reaffirmed fiscal 2026 EPS guidance of $1.13–$1.15.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and a $19.56 price target versus a recent share price of $16.10; institutional investors own approximately 88.25% of the stock.

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 Stock Performance

Shares of NYSE:IRT opened at $16.10 on Tuesday. The firm has a market cap of $3.80 billion, a PE ratio of 89.44 and a beta of 0.93. The firm's fifty day moving average is $16.70 and its 200-day moving average is $16.31. Independence Realty Trust, Inc. has a 52 week low of $14.60 and a 52 week high of $18.18.

Independence Realty Trust (NYSE:IRT - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $167.24 million during the quarter, compared to analyst estimates of $166.93 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The business's revenue for the quarter was up 3.2% on a year-over-year basis. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. Sell-side analysts forecast that Independence Realty Trust, Inc. will post 1.14 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group raised shares of Independence Realty Trust to a "strong-buy" rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Independence Realty Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Barclays upgraded Independence Realty Trust from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $19.00 to $20.00 in a report on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Independence Realty Trust from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Independence Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.56.

Institutional Trading of Independence Realty Trust

A number of large investors have recently bought and sold shares of the company. Danske Bank A S bought a new stake in Independence Realty Trust in the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new stake in shares of Independence Realty Trust in the 4th quarter valued at about $30,000. Farther Finance Advisors LLC lifted its position in 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 valued at $32,000 after purchasing an additional 747 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Independence Realty Trust by 97.9% during 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position 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 valued at $55,000 after acquiring an additional 3,110 shares during the last quarter. 88.25% of the stock is 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.

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