Strs Ohio Has $9.18 Million Holdings in Independence Realty Trust, Inc. $IRT

Key Points

• Strs Ohio trimmed its position in Independence Realty Trust by 25%, leaving it with 525,200 shares worth $9.18 million at the end of the quarter.
• Analyst views are mixed but generally positive, with a MarketBeat consensus rating of "Moderate Buy" and an average 12‑month target of $19.94.
• IRT beat quarterly EPS estimates with $0.26 per share, pays a quarterly dividend that implies a 4.1% yield, but has a notably high payout ratio (~340%).

Strs Ohio reduced its stake in shares of Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525,200 shares of the real estate investment trust's stock after selling 174,700 shares during the quarter. Strs Ohio owned 0.22% of Independence Realty Trust worth $9,180,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Independence Realty Trust by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,106,225 shares of the real estate investment trust's stock worth $34,521,000 after purchasing an additional 123,274 shares during the last quarter. Argosy Lionbridge Management LLC acquired a new stake in Independence Realty Trust during the 3rd quarter worth $12,209,000. Hantz Financial Services Inc. boosted its stake in Independence Realty Trust by 3,483.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 66,967 shares of the real estate investment trust's stock worth $1,098,000 after purchasing an additional 65,098 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Independence Realty Trust during the 3rd quarter worth $4,163,000. Finally, Teacher Retirement System of Texas boosted its stake in Independence Realty Trust by 1,767.5% during the 4th quarter. Teacher Retirement System of Texas now owns 571,568 shares of the real estate investment trust's stock worth $9,991,000 after purchasing an additional 540,962 shares during the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Independence Realty Trust from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Friday, March 6th. Wall Street Zen cut shares of Independence Realty Trust from a "sell" rating to a "strong sell" rating in a research report on Saturday. Citigroup reissued an "outperform" rating on shares of Independence Realty Trust in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft cut shares of Independence Realty Trust from a "buy" rating to a "hold" rating and set a $18.00 price target on the stock. in a research report on Tuesday, January 20th. Finally, BMO Capital Markets raised shares of Independence Realty Trust from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $20.00 to $22.00 in a research report on Friday, January 9th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Independence Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $19.94.

Independence Realty Trust Trading Up 1.2%

Shares of IRT opened at $16.45 on Tuesday. The firm has a market cap of $3.88 billion, a P/E ratio of 82.27, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. Independence Realty Trust, Inc. has a 12-month low of $14.60 and a 12-month high of $19.71. The company's 50-day moving average price is $15.81 and its 200 day moving average price is $16.41.

Independence Realty Trust (NYSE:IRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.23. The firm had revenue of $165.32 million for the quarter, compared to analyst estimates of $166.35 million. Independence Realty Trust had a net margin of 7.27% and a return on equity of 1.35%. Independence Realty Trust's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. Equities research analysts forecast that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current year.

Independence Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Friday, March 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, March 27th. Independence Realty Trust's payout ratio is 340.00%.

Independence Realty Trust Company 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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