Independence Realty Trust (NYSE:IRT) Shares Unloaded Rep. Josh Gottheimer

Key Points

• Representative Josh Gottheimer sold shares of Independence Realty Trust, Inc. (NYSE:IRT) for between $1,001 and $15,000, as disclosed on August 11th.
• Independence Realty Trust has a current market cap of $4.06 billion and recently reported earnings of $0.28 per share, meeting analyst expectations.
• The company announced an increase in its quarterly dividend to $0.17, up from $0.16, representing a yield of 3.9%.

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Independence Realty Trust, Inc. NYSE: IRT. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Independence Realty Trust stock on July 16th. 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 Walmart NYSE: WMT on 7/28/2025.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 7/25/2025.
• Sold $1,001 - $15,000 in shares of Natera NASDAQ: NTRA on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/18/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 7/14/2025.
• Sold $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/2/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.

Independence Realty Trust Stock Performance

NYSE:IRT traded up $0.12 during mid-day trading on Friday, hitting $17.44. 2,997,063 shares of the company's stock traded hands, compared to its average volume of 2,705,176. The firm's 50 day simple moving average is $17.54 and its 200 day simple moving average is $18.97. Independence Realty Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $22.26. The company has a market cap of $4.08 billion, a PE ratio of 145.33, a price-to-earnings-growth ratio of 2.40 and a beta of 0.94.

Independence Realty Trust (NYSE:IRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.28 earnings per share (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 company earned $0.28 EPS. On average, research analysts expect that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IRT. 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. JMP Securities reissued a "market outperform" rating and issued a $25.00 target price on shares of Independence Realty Trust in a research report on Monday, May 5th. UBS Group decreased their target price 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. 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 research report on Tuesday, August 12th. Finally, Compass Point raised shares of Independence Realty Trust from a "neutral" rating to a "buy" rating and raised their target price for the stock from $22.00 to $24.00 in a research report on Thursday, July 31st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Independence Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $22.56.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IRT. Brooklyn Investment Group raised its holdings in Independence Realty Trust by 131.4% in the first quarter. Brooklyn Investment Group now owns 1,254 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 712 shares during the period. Hantz Financial Services Inc. raised 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 valued at $33,000 after purchasing an additional 1,582 shares during the period. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 1,887 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Independence Realty Trust during the first quarter valued at approximately $53,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Independence Realty Trust during the second quarter valued at approximately $54,000. Hedge funds and other institutional investors own 88.25% of the company's stock.

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.