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 IRT stock traded down $0.04 on Tuesday, hitting $17.45. The stock had a trading volume of 2,476,724 shares, compared to its average volume of 2,823,280. The business has a 50 day moving average of $17.42 and a 200 day moving average of $18.87. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 145.38, a price-to-earnings-growth ratio of 2.41 and a beta of 0.94. Independence Realty Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $22.26.

Independence Realty Trust (NYSE:IRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $161.89 million for the quarter, compared to analyst estimates of $164.78 million. Independence Realty Trust had a net margin of 4.31% and a return on equity of 0.78%. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Independence Realty Trust has set its FY 2025 guidance at 1.195-1.215 EPS. As a group, research analysts expect that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Independence Realty Trust

Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group grew its stake in Independence Realty Trust by 131.4% during the first 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 stake in Independence Realty Trust by 551.2% during the second 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. Headlands Technologies LLC purchased a new position in Independence Realty Trust during the first quarter valued at approximately $53,000. GKV Capital Management Co. Inc. purchased a new position in Independence Realty Trust during the first quarter valued at approximately $57,000. Finally, UMB Bank n.a. grew its stake in Independence Realty Trust by 189.5% during the second 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. Hedge funds and other institutional investors own 88.25% of the company's stock.

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.