754,681 Shares in Independence Realty Trust, Inc. $IRT Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC purchased 754,681 shares of Independence Realty Trust in the second quarter, a stake valued at approximately $12.6 million and representing 0.32% of the company. Institutional investors collectively own 88.25% of IRT.
• Analysts remain generally positive, with an average rating of “Moderate Buy” and an average price target of $19.56; several firms recently upgraded the stock or raised their targets.
• IRT shares opened at $16.35, while the company’s latest quarterly EPS of $0.01 missed the $0.27 consensus estimate despite revenue increasing 3.2% year over year. Management issued fiscal 2026 EPS guidance of $1.13 to $1.15.

Hsbc Holdings PLC purchased a new stake in shares of Independence Realty Trust, Inc. (NYSE:IRT - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 754,681 shares of the real estate investment trust's stock, valued at approximately $12,615,000. Hsbc Holdings PLC owned about 0.32% of Independence Realty Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Independence Realty Trust by 2.4% in 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 purchasing an additional 148,449 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Independence Realty Trust by 660.3% in the first quarter. Quantinno Capital Management LP now owns 318,941 shares of the real estate investment trust's stock valued at $4,749,000 after purchasing an additional 276,994 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Independence Realty Trust by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,473,797 shares of the real estate investment trust's stock worth $51,725,000 after buying an additional 134,364 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Independence Realty Trust during the 2nd quarter worth about $5,874,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Independence Realty Trust during the 2nd quarter worth about $3,397,000. Institutional investors own 88.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IRT shares. Royal Bank Of Canada increased their price target on shares of Independence Realty Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Barclays raised Independence Realty Trust from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $19.00 to $20.00 in a research report on Tuesday, July 14th. Jefferies Financial Group upgraded Independence Realty Trust to a "strong-buy" rating in a research note on Wednesday, July 22nd. UBS Group dropped their price target on Independence Realty Trust from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded Independence Realty Trust from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. One equities research 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 company's stock. According to MarketBeat, Independence Realty Trust has an average rating of "Moderate Buy" and an average price target of $19.56.

Independence Realty Trust Stock Down 0.3%

Shares of Independence Realty Trust stock opened at $16.35 on Friday. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 90.83 and a beta of 0.94. Independence Realty Trust, Inc. has a twelve month low of $14.60 and a twelve month high of $18.18. The company has a 50-day simple moving average of $16.74 and a two-hundred day simple moving average of $16.33.

Independence Realty Trust (NYSE:IRT - Get Free Report) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.26). The business had revenue of $167.24 million for the quarter, compared to analyst estimates of $166.93 million. Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%.The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. On average, sell-side analysts anticipate that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current fiscal year.

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.

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