Susquehanna International Group LLP Sells 86,530 Shares of Independence Realty Trust, Inc. $IRT

Susquehanna International Group LLP reduced its position in Independence Realty Trust, Inc. (NYSE:IRT) by 69.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,285 shares of the real estate investment trust’s stock after selling 86,530 shares during the quarter. Susquehanna International Group LLP’s holdings in Independence Realty Trust were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IRT. BlackRock Inc. purchased a new position in shares of Independence Realty Trust during the second quarter worth $601,975,000. Engineers Gate Manager LP lifted its position in Independence Realty Trust by 16,719.4% during the 4th quarter. Engineers Gate Manager LP now owns 4,299,707 shares of the real estate investment trust’s stock worth $75,159,000 after acquiring an additional 4,274,143 shares during the period. Morgan Stanley raised its holdings in Independence Realty Trust by 209.5% during the fourth quarter. Morgan Stanley now owns 5,649,829 shares of the real estate investment trust’s stock worth $98,759,000 after purchasing an additional 3,824,512 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Independence Realty Trust by 1,435.4% in the third quarter. Franklin Resources Inc. now owns 3,827,503 shares of the real estate investment trust’s stock valued at $62,733,000 after acquiring an additional 3,578,221 shares during the period. Finally, Rush Island Management LP purchased a new stake in Independence Realty Trust during the first quarter worth about $51,462,000. 88.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on IRT shares. Barclays upgraded Independence Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $20.00 in a research report on Tuesday, July 14th. Wall Street Zen raised Independence Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Jefferies Financial Group raised shares of Independence Realty Trust to a “strong-buy” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada raised their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.56.

Independence Realty Trust Stock Down 0.8%

Shares of NYSE:IRT opened at $16.18 on Tuesday. The company has a market capitalization of $3.81 billion, a P/E ratio of 89.89 and a beta of 0.94. Independence Realty Trust, Inc. has a 52-week low of $14.60 and a 52-week high of $18.18. The stock’s fifty day simple moving average is $16.74 and its 200-day simple moving average is $16.32.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.26). The company had revenue of $167.24 million for the quarter, compared to analysts’ expectations of $166.93 million. Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%.The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. On average, sell-side analysts anticipate that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current year.

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.