Aurora Investment Managers LLC. Reduces Stock Position in Independence Realty Trust, Inc. $IRT

Key Points

• Aurora Investment Managers cut its Independence Realty Trust stake by 75.8% in the second quarter, selling 75,125 shares and retaining 23,941 shares valued at approximately $400,000. Institutional investors collectively own 88.25% of IRT.
• Independence Realty Trust reported quarterly revenue of $167.24 million, slightly exceeding estimates, but earnings per share of $0.01 fell well short of the $0.27 consensus. The company issued fiscal 2026 EPS guidance of $1.13–$1.15.
• The REIT increased its quarterly dividend to $0.18 per share, representing a 4.2% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $19.56, above the reported $17.23 share price.

Aurora Investment Managers LLC. trimmed its position in shares of Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 75.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,941 shares of the real estate investment trust's stock after selling 75,125 shares during the quarter. Aurora Investment Managers LLC.'s holdings in Independence Realty Trust were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IRT. Danske Bank A S purchased a new stake in Independence Realty Trust in the third quarter worth about $26,000. SHP Wealth Management purchased a new stake in Independence Realty Trust in the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC increased its holdings in Independence Realty Trust by 70.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,810 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 747 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Independence Realty Trust by 97.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,875 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,422 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Independence Realty Trust by 1,420.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,329 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 3,110 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Stock Performance

NYSE IRT opened at $17.23 on Friday. The stock has a 50 day moving average price of $16.66 and a 200-day moving average price of $16.33. Independence Realty Trust, Inc. has a one year low of $14.60 and a one year high of $18.18. The company has a market capitalization of $4.06 billion, a P/E ratio of 95.75 and a beta of 0.94.

Independence Realty Trust (NYSE:IRT - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.26). The business had revenue of $167.24 million during the quarter, compared to the consensus estimate of $166.93 million. Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%.The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, June 26th were issued a $0.18 dividend. This is a boost from Independence Realty Trust's previous quarterly dividend of $0.17. The ex-dividend date was Friday, June 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.2%. Independence Realty Trust's payout ratio is presently 400.00%.

Analyst Ratings Changes

A number of equities analysts have weighed in on IRT shares. Wells Fargo & Company upped their price target on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Independence Realty Trust from a "sell" rating to a "strong sell" rating in a research report on Saturday, May 2nd. UBS Group lowered 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 note on Thursday, May 14th. Royal Bank Of Canada upped their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, 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 research note on Tuesday, July 14th. One 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $19.56.

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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