Independence Realty Trust (NYSE:IRT) Stock Acquired Rep. Josh Gottheimer

Key Points

• Representative Josh Gottheimer purchased shares of Independence Realty Trust (NYSE: IRT) ranging between $1,001 and $15,000, as disclosed in a filing made on October 15th.
• Independence Realty Trust's dividend yield is currently at 4.2%, with a quarterly dividend of $0.17 declared for payment on October 24th.
• Analysts have shown mixed sentiments, with price targets for Independence Realty Trust ranging from $20.00 to $24.00, indicating a potential moderate buy in the current market.

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Independence Realty Trust, Inc. NYSE: IRT. In a filing disclosed on October 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independence Realty Trust stock on September 22nd. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Baldwin Insurance Group NASDAQ: BWIN on 9/23/2025.
• Purchased $1,001 - $15,000 in shares of CommVault Systems NASDAQ: CVLT on 9/23/2025.
• Purchased $1,001 - $15,000 in shares of Sysmex OTCMKTS: SSMXY on 9/22/2025.
• Purchased $1,001 - $15,000 in shares of Natera NASDAQ: NTRA on 9/22/2025.
• Sold $1,001 - $15,000 in shares of Diageo NYSE: DEO on 9/22/2025.
• Purchased $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 9/22/2025.
• Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 9/11/2025.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 9/3/2025.
• Purchased $1,001 - $15,000 in shares of Natera NASDAQ: NTRA on 8/22/2025.
• Sold $1,001 - $15,000 in shares of Sysmex OTCMKTS: SSMXY on 8/21/2025.

Independence Realty Trust Trading Down 0.2%

Shares of IRT opened at $16.07 on Friday. Independence Realty Trust, Inc. has a 12 month low of $15.87 and a 12 month high of $22.26. The firm's 50 day moving average is $17.07 and its 200-day moving average is $17.89. The stock has a market capitalization of $3.76 billion, a PE ratio of 133.92, a P/E/G ratio of 2.22 and a beta of 0.95.

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

Independence Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Tuesday, September 30th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 4.2%. Independence Realty Trust's dividend payout ratio is 566.67%.

Analysts Set New Price Targets

IRT has been the topic of a number of recent analyst reports. UBS Group decreased their price target on 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. Wells Fargo & Company decreased their target price on shares of Independence Realty Trust from $24.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Compass Point raised shares of Independence Realty Trust from a "neutral" rating to a "buy" rating and raised their target price for the company from $22.00 to $24.00 in a report on Thursday, July 31st. Barclays decreased their target price on shares of 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. Finally, Wall Street Zen raised shares of Independence Realty Trust from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.14.

Institutional Investors Weigh In On Independence Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in IRT. 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 purchasing an additional 712 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of 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 worth $33,000 after buying an additional 1,582 shares during the last quarter. UMB Bank n.a. grew its position in 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 worth $51,000 after acquiring an additional 1,887 shares during the last quarter. Headlands Technologies LLC bought a new stake in Independence Realty Trust during the 1st quarter worth $53,000. Finally, Financial Gravity Companies Inc. bought a new stake in Independence Realty Trust during the 2nd quarter worth $54,000. 88.25% of the stock is owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Independence Realty Trust Company Profile

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.

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