Independence Realty Trust (NYSE:IRT) Stock Unloaded Rep. Lisa C. McClain

Key Points

• Representative Lisa C. McClain sold shares of Independence Realty Trust (NYSE: IRT) valued between $1,001 and $15,000 on June 17, indicating possible changes in her investment strategy.
• Independence Realty Trust has a current market cap of $4.04 billion and reported earnings per share of $0.28 for the last quarter, meeting analyst expectations.
• Analysts have a consensus rating of "Moderate Buy" for Independence Realty Trust, with price targets ranging from $20.00 to $25.00 per share.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Independence Realty Trust, Inc. NYSE: IRT. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Independence Realty Trust stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Independence Realty Trust Price Performance

Shares of Independence Realty Trust stock traded down $0.1550 on Monday, hitting $17.5250. The company had a trading volume of 417,156 shares, compared to its average volume of 2,202,771. The company has a market cap of $4.10 billion, a PE ratio of 146.13, a PEG ratio of 2.44 and a beta of 0.94. Independence Realty Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $22.26. The business has a 50-day simple moving average of $17.44 and a 200-day simple moving average of $18.90.

Independence Realty Trust (NYSE:IRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $161.89 million for the quarter, compared to analysts' expectations of $164.78 million. Independence Realty Trust had a return on equity of 0.78% and a net margin of 4.31%.During the same quarter in the prior year, the company earned $0.28 earnings per share. Independence Realty Trust has set its FY 2025 guidance at 1.195-1.215 EPS. On average, equities research analysts predict that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Independence Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group grew its holdings in shares of Independence Realty Trust by 131.4% during the 1st quarter. Brooklyn Investment Group now owns 1,254 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 712 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Independence Realty Trust by 551.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,869 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,582 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Independence Realty Trust by 189.5% during the 2nd quarter. UMB Bank n.a. now owns 2,883 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,887 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Independence Realty Trust during the 1st quarter valued at $53,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Independence Realty Trust during the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 88.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on IRT shares. Barclays dropped their price target on Independence Realty Trust from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. UBS Group decreased their price objective on shares of Independence Realty Trust from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Compass Point raised shares of Independence Realty Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $22.00 to $24.00 in a research note on Thursday, July 31st. Wall Street Zen raised shares of Independence Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $25.00 price objective on shares of Independence Realty Trust in a research note on Monday, May 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.56.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Independence Realty Trust

Independence Realty Trust, Inc NYSE: IRT is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL.