Vanguard Group Inc. Raises Position in Independence Realty Trust, Inc. $IRT

Key Points

• Vanguard increased its Q4 stake in Independence Realty Trust by 0.8% to 33,235,002 shares, representing a 13.90% ownership position worth about $580.95 million.
• IRT reported a quarterly EPS of $0.26 (vs. $0.03 expected) and set FY2026 guidance of 1.120–1.160 EPS, with sell‑side analysts averaging ~1.14 EPS and a consensus target price of $19.94; the company has a market cap of $3.88 billion and a P/E of 82.27.
• Management pays a $0.68 annualized dividend (a 4.1% yield340%, which raises sustainability concerns.

Vanguard Group Inc. boosted its stake in Independence Realty Trust, Inc. (NYSE:IRT - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,235,002 shares of the real estate investment trust's stock after buying an additional 250,549 shares during the period. Vanguard Group Inc. owned 13.90% of Independence Realty Trust worth $580,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IRT. Solstein Capital LLC purchased a new stake in Independence Realty Trust in the third quarter worth about $25,000. Danske Bank A S purchased a new stake in Independence Realty Trust in the third quarter worth about $26,000. First Horizon Corp purchased a new stake in Independence Realty Trust in the third quarter worth about $27,000. Farther Finance Advisors LLC lifted its holdings 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 worth $32,000 after buying an additional 747 shares during the period. Finally, Huntington National Bank lifted its holdings in Independence Realty Trust by 46.4% in the third quarter. Huntington National Bank now owns 2,289 shares of the real estate investment trust's stock worth $38,000 after buying an additional 725 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Stock Up 1.2%

Shares of IRT opened at $16.45 on Tuesday. The company has a market capitalization 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. The firm has a 50 day moving average of $15.81 and a 200 day moving average of $16.41. Independence Realty Trust, Inc. has a twelve month low of $14.60 and a twelve month high of $19.71.

Independence Realty Trust (NYSE:IRT - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $165.32 million during the quarter, compared to the consensus estimate of $166.35 million. Independence Realty Trust had a net margin of 7.27% and a return on equity of 1.35%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. On average, sell-side analysts expect that Independence Realty Trust, Inc. will post 1.14 EPS for the current year.

Independence Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

IRT has been the subject of several research analyst reports. UBS Group raised their price objective on shares of Independence Realty Trust from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Independence Realty Trust from a "sell" rating to a "strong sell" rating in a research note on Saturday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Independence Realty Trust in a research note on Friday, March 27th. Barclays decreased their target price on shares of Independence Realty Trust from $21.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Independence Realty Trust from a "buy" rating to a "hold" rating and set a $18.00 target price for the company. in a research note on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.94.

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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