Independence Realty Trust, Inc. $IRT Holdings Lowered by Corient Private Wealth LP
Corient Private Wealth LP significantly reduced its stake in Independence Realty Trust (NYSE: IRT) by 91.0% in the second quarter, selling over 200,000 shares. Despite this, institutional investors still collectively own 88.25% of the REIT. Independence Realty Trust reported mixed quarterly results with revenue slightly exceeding estimates but a missed EPS, and the company recently declared a quarterly dividend of $0.18 per share.
Independence Realty Trust stock hits 52-week low at 14.34 USD
Independence Realty Trust (IRT) stock has fallen to a 52-week low of $14.34, yet InvestingPro analysis suggests it is undervalued with a fair value of $16.97. Despite a 12.01% decline over the past year, the REIT maintains an attractive 4.96% dividend yield and has raised dividends for four consecutive years, with its RSI indicating an oversold condition. The company recently reported Q2 2026 revenue slightly above estimates and a merger with Centerspace is set to create a significant multifamily REIT.
Independence Realty Trust stock hits 52-week low at 14.34 USD
Independence Realty Trust (IRT) stock has fallen to a 52-week low of $14.34, despite InvestingPro analysis suggesting it is undervalued with a fair value of $16.97. The REIT has a 4.96% dividend yield and has consistently raised its dividend for four years, with its RSI indicating it is oversold. This comes after reporting Q2 2026 revenue of $167.13 million, slightly above estimates, and an all-stock merger with Centerspace to create a $5 billion multifamily REIT.
Independence Realty Trust, Inc. (IRT) Stock Price, News, Quote & History
This Yahoo Finance page provides comprehensive information on Independence Realty Trust, Inc. (IRT), an S&P 400 MidCap Company. It includes real-time stock price data, historical performance, dividend information, key financial metrics, earnings trends, analyst insights, and valuation measures. The company is a real estate investment trust focused on owning and operating multifamily communities in non-gateway U.S. markets.
Activist Irenic plans to vote against Independence Realty's purchase of Centerspace (IRT:NYSE)
Activist investor Irenic, holding approximately a 2% stake in Independence Realty Trust (IRT), has announced its intention to vote against IRT's proposed $8.1 billion acquisition of Centerspace (CSR). Irenic is explicitly opposed to the Centerspace deal.
Irenic Sends Letter to Independence Realty Trust Board of Directors Opposing Proposed Acquisition of Centerspace and Urging a Sale of the Company
Irenic Capital Management LP, a significant shareholder of Independence Realty Trust (IRT), has sent a letter to IRT's Board of Directors opposing the proposed acquisition of Centerspace. Irenic believes the acquisition lacks strategic logic, negatively impacts NAV and earnings growth, and deviates from IRT's Sunbelt strategy. Instead, Irenic urges the Board to consider selling IRT itself, estimating a potential share price of $18 to $20, and plans to vote against the share issuance for the Centerspace transaction.
Irenic Sends Letter to Independence Realty Trust Board of Directors Opposing Proposed Acquisition of Centerspace and Urging a Sale of the Company
Irenic Capital Management, a significant shareholder of Independence Realty Trust (IRT), has sent a letter to IRT's Board of Directors opposing the proposed acquisition of Centerspace. Irenic argues the acquisition lacks industrial logic, negatively impacts net asset value and earnings growth, and deviates from IRT's Sunbelt strategy. Instead, Irenic advocates for a sale of IRT, believing it could yield $18 to $20 per share, a substantial premium to its current price, and intends to vote against the share issuance required for the Centerspace transaction.
Independence Realty Trust Q2FY26 Results: Core FFO $0.28, NOI guidance up
Independence Realty Trust (IRT) reported strong Q2FY26 results, with Core FFO per share of $0.28, exceeding expectations due to robust same-store NOI growth. The company raised its full-year same-store NOI growth guidance to 1.5% at the midpoint, reflecting improved market fundamentals and operational efficiencies, including a successful community Wi-Fi initiative. Value-add renovations also contributed significantly, delivering over 20% annual NOI growth with a 16% ROI.
Independence Realty Trust Q2 2026 Earnings Call Transcript
Independence Realty Trust (NYSE: IRT) reported a strong Q2 2026, exceeding expectations with a Core FFO per share of $0.28, driven by improved same-store NOI growth of 1.2%. The company highlighted significant sequential improvement in new lease rates and successful implementation of its community Wi-Fi initiative, which is ahead of schedule and contributing to revenue growth. IRT remains on track for its 2026 guidance and anticipates continued market recovery and earnings momentum into 2027.
IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Independence Realty Trust, Inc. (NYSE: IRT) and Centerspace to determine if shareholders are receiving a fair price. The investigation will examine whether the company and its board breached their fiduciary duties by failing to obtain the best price, conduct a fair sales process, and disclose all material information. Shareholders are encouraged to contact Halper Sadeh for more information regarding their rights and options.
Independence Realty Trust (IRT) may use its investor presentation slides starting September 24.
Independence Realty Trust, Inc. (IRT) has furnished a slide presentation for use in investor presentations beginning September 24, 2026. This information was disclosed in an 8-K filing, categorizing it as Regulation FD Disclosure and including exhibits for the presentation materials. The filing clarifies that the presentation is not considered "filed" for Section 18 purposes and is not incorporated by reference into other SEC documents.
Independence Realty Trust stock hits 52-week low at 14.6 USD
Independence Realty Trust (IRT) stock has fallen to a 52-week low of $14.60, representing a nearly 14% year-to-date decline. Despite this, InvestingPro analysis suggests the stock is undervalued and in oversold territory, while maintaining a strong 4.88% dividend yield and having raised dividends for four consecutive years. The company recently reported Q2 2026 revenue slightly above expectations and announced an all-stock merger with Centerspace, forming a significant multifamily REIT.
Independence Realty Trust (NYSE:IRT) Reaches New 52-Week Low - What's Next?
Independence Realty Trust (NYSE:IRT) recently hit a new 52-week low of $14.60, with its shares trading below both 50-day and 200-day moving averages. Despite missing earnings estimates, the company maintained its quarterly dividend of $0.18 per share, offering a 4.9% annualized yield. Analysts generally hold a "Moderate Buy" rating with an average price target significantly above the current trading price.
2,141,229 Shares in Independence Realty Trust, Inc. $IRT Purchased by Bank of America Corp DE
Bank of America Corp DE acquired over 2.14 million shares of Independence Realty Trust, Inc. (NYSE:IRT) in the second quarter, valued at approximately $35.7 million. This purchase represents about 0.91% of the real estate investment trust, with institutional investors collectively owning 88.25% of the company. Despite reporting quarterly EPS of $0.01, missing consensus estimates, and revenue rising 3.2% year-over-year, IRT declared a quarterly dividend of $0.18 per share, resulting in an annualized yield of about 4.9%.
Latest IRT ETF News Today | Earnings, Events & Price Alerts
This page provides the latest news, earnings, events, and price alerts for the IRT ETF. Recent headlines indicate significant activity for Independence Realty Trust, including a proposed merger with Centerspace, which has triggered both stock declines and surges, an increase in its quarterly dividend, and various earnings reports and announcements. The platform also offers a general overview of its features for market analysis and trading tools.
Independence Realty Trust (IRT) and Centerspace Combine into an $8.1 Billion Apartment Giant
Independence Realty Trust (IRT) and Centerspace have announced an all-stock merger creating an $8.1 billion apartment REIT with over 44,000 units. The combined entity will retain the IRT name and ticker, with Scott Schaeffer continuing as CEO. The merger is projected to be approximately 5% accretive to 2027 Core FFO per share, driven by increased scale, geographic diversification across Sunbelt, Midwest, and Mountain West markets, and an estimated $24 million in annualized synergies from operational efficiencies and value-add programs.
Centerspace stock holds steady as sale to Independence Realty Trust advances
Centerspace stock closed at USD 56.84, remaining stable as its sale to Independence Realty Trust advances. The stock-for-stock transaction, where Centerspace shareholders receive 3.800 shares of Independence Realty Trust for each Centerspace share, is expected to close by the end of Q4 2026. While the deal faces legal scrutiny, Centerspace continues to pay a forward annual dividend of USD 3.08 per share, offering a 5.42% yield.
Independence Realty Trust (IRT) Stock Trades Below Fair Value After A 16% Slide
Independence Realty Trust (IRT) has seen a 16% slide in its stock price year-to-date, leading to questions about whether it is now trading below its intrinsic value. A Discounted Cash Flow (DCF) model, based on its adjusted funds from operations and a planned merger with Centerspace, suggests the stock is currently undervalued compared to its projected cash flows. This analysis, supported by community narratives, indicates potential value for investors focused on cash flow.
Independence Realty Trust Sets 18-Cent Quarterly Dividend
Independence Realty Trust Inc. (NYSE: IRT) has declared an 18-cent-per-share dividend for the third quarter of 2026. This continues their cash distributions to shareholders as the REIT operates its multifamily portfolio in non-gateway U.S. markets. The dividend is payable on October 23, 2026, to shareholders of record as of September 30, 2026.
UBS Adjusts Independence Realty Trust PT to $18 From $19, Maintains Buy Rating
UBS has adjusted its price target for Independence Realty Trust (IRT) to $18, down from $19, while maintaining a "Buy" rating on the stock. This update reflects a revised valuation perspective from the financial institution on the residential REIT. The article also mentions recent news regarding IRT, including a definitive merger agreement to acquire Centerspace for $1.1 billion.
Engineers Gate Manager LP Sells 2,314,188 Shares of Independence Realty Trust, Inc. $IRT
Engineers Gate Manager LP significantly reduced its stake in Independence Realty Trust (NYSE:IRT) by selling over 2.3 million shares, retaining 839,128 shares valued at approximately $14 million. The real estate investment trust reported Q2 EPS of $0.01, missing analyst estimates, although revenue increased by 3.2% year-over-year. Despite the mixed earnings, analysts maintain a "Moderate Buy" rating for IRT, which recently declared a quarterly dividend of $0.18 per share.
Independence Realty Trust, Inc. $IRT Shares Purchased by Squarepoint Ops LLC
Squarepoint Ops LLC significantly increased its stake in Independence Realty Trust (IRT) by 2,201.1% in Q2, bringing its total ownership to 0.42%. Despite revenue slightly exceeding estimates, IRT missed EPS expectations. The company maintained its quarterly dividend and is proceeding with an all-stock merger with Centerspace, which has raised concerns among some investors and is under investigation by a shareholder-rights law firm.
Centerspace, Independence Realty Trust merge to create $8.1B REIT
Independence Realty Trust (IRT) and Centerspace have announced a merger, forming an $8.1 billion middle-market apartment REIT with 44,354 units across 17 states. This alliance aims to create a geographically diverse portfolio with strong representation in Sun Belt, Midwest, and Mountain West markets, seeking scale and efficiency as operating costs rise. The combined entity expects $24 million in synergies within 12 months post-merger and will focus on high-growth, non-gateway markets with an expanded value-add renovation program and other income initiatives.
Independence Realty Trust, Inc. (NYSE:IRT) Plans $0.18 Quarterly Dividend
Independence Realty Trust, Inc. (NYSE:IRT) announced a quarterly dividend of $0.18 per share, payable on October 23rd to shareholders of record on September 30th. While the current payout ratio of 248.3% indicates earnings do not fully cover the dividend, analysts project next year's earnings will reduce this to 61.5%. The company reported Q3 EPS of $0.01, missing the $0.27 consensus, and revenue increased 3.2% year-over-year to $167.24 million.
All-stock deal would turn Independence Realty (NYSE: IRT) into an $8.1B apartment REIT
Independence Realty (IRT) and Centerspace (CSR) have announced an all-stock merger, forming an $8.1 billion multifamily REIT with an equity market capitalization of $5.0 billion and a portfolio of over 44,000 apartment units. The deal is expected to be approximately 5% accretive to IRT's 2027 Core FFO per share and aims to enhance portfolio diversification, scale, and operational efficiency through an estimated $24 million in annualized synergies. The transaction is projected to close as early as the fourth quarter of 2026, subject to shareholder and regulatory approvals.
IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Independence Realty Trust, Inc. (NYSE: IRT) and Centerspace to determine if IRT shareholders are receiving a fair price. The firm is concerned that the transaction may not provide the best possible value for shareholders, potentially due to conflicts of interest or insufficient disclosure of material information. Shareholders are encouraged to contact Halper Sadeh to discuss their rights and options.
Independence Realty Trust and Centerspace to Merge in $8.1 Billion Combination
Independence Realty Trust (IRT) and Centerspace (CSR) have announced a definitive merger agreement in an all-stock transaction, creating a leading middle-market multifamily REIT with a pro forma equity market capitalization of approximately $5.0 billion and a total enterprise value of $8.1 billion. This combination will result in a portfolio of over 44,000 apartment units, increased geographic diversification across high-growth markets, and an expanded value-add growth pipeline. The transaction is expected to be accretive to both IRT and Centerspace stockholders, with an estimated 5% uplift to 2027 Core FFO per share, supported by approximately $24 million in annualized synergies.
Independence Realty Trust declares $0.18 quarterly dividend
Independence Realty Trust, Inc. (NYSE:IRT) has announced a quarterly dividend of $0.18 per share of common stock. This dividend for the third quarter of 2026 is payable on October 23, 2026, to shareholders of record as of September 30, 2026. The company is a real estate investment trust focusing on multifamily communities in non-gateway U.S. markets and is part of the S&P 400 MidCap index.
Independence Realty Trust declares $0.18 quarterly dividend
Independence Realty Trust (NYSE:IRT) announced a quarterly dividend of $0.18 per share of common stock. This dividend, for the third quarter of 2026, will be payable on October 23, 2026, to shareholders of record as of September 30, 2026. The company is a real estate investment trust focused on multifamily communities in non-gateway U.S. markets and is part of the S&P 400 MidCap index.
Independence Realty Trust Keeps Quarterly Dividend at $0.18 a Share, Payable Oct. 23 to Holders of Record Sept. 30
Independence Realty Trust, Inc. (IRT) has declared a quarterly dividend of $0.18 per share. This dividend is payable on October 23, 2026, to shareholders who are on record as of September 30, 2026. The company, a self-administered and self-managed real estate investment trust, focuses on owning and operating multifamily apartment communities.
Readystate Asset Management LP Makes New $2.06 Million Investment in Independence Realty Trust, Inc. $IRT
Readystate Asset Management LP has made a new $2.06 million investment in Independence Realty Trust, Inc. (IRT), acquiring 123,465 shares, which represents a 0.05% stake. The REIT is largely owned by institutional investors and hedge funds (88.25%) and holds a "Moderate Buy" consensus rating from analysts. Despite positive analyst sentiment and revenue slightly above estimates, the company's latest quarterly EPS of $0.01 missed expectations by $0.26.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in Independence Realty Trust, Inc. $IRT
UBS Asset Management Americas LLC significantly increased its stake in Independence Realty Trust (NYSE: IRT) during the second quarter, purchasing an additional 1.24 million shares. This brings their total holdings to 1,247,662 shares, representing about 0.53% of the company. Despite missing analyst EPS expectations in its last quarterly earnings report, Independence Realty Trust maintains a "Moderate Buy" consensus rating from analysts with a target price of $19.56.
103,797 Shares in Independence Realty Trust, Inc. $IRT Purchased by Jupiter Topco LLC
Jupiter Topco LLC recently acquired 103,797 shares of Independence Realty Trust (IRT) for approximately $1.73 million, highlighting continued institutional interest in the real estate investment trust. Despite missing earnings per share estimates, IRT reported revenue slightly above forecasts, and analysts maintain a "Moderate Buy" rating with an average price target of $19.56. Other institutional investors like Goldman Sachs Group Inc. and Invesco Ltd. have also increased their stakes, bringing total institutional ownership to 88.25%.
Wells Fargo Maintains Independence Realty Trust Inc(IRT.US) With Buy Rating, Cuts Target Price to $19
Wells Fargo has reiterated its Buy rating for Independence Realty Trust Inc (IRT.US) but has adjusted its target price downwards to $19. This indicates a continued positive outlook on the company's stock, despite a revision in its valuation expectation.
Public Employees Retirement System of Ohio Buys New Position in Independence Realty Trust, Inc. $IRT
The Public Employees Retirement System of Ohio has acquired a new position in Independence Realty Trust (IRT) during the second quarter, purchasing 270,504 shares valued at approximately $4.5 million. This move contributes to institutional investors collectively owning 88.25% of the REIT. Despite IRT missing its Q2 EPS consensus estimate, its revenue increased by 3.2% year-over-year, and analysts maintain a "Moderate Buy" rating with an average price target of $19.56.
The Manufacturers Life Insurance Company Acquires Shares of 211,042 Independence Realty Trust, Inc. $IRT
The Manufacturers Life Insurance Company has acquired 211,042 shares of Independence Realty Trust (NYSE: IRT), valued at approximately $3.52 million, representing a 0.09% stake in the company. Independence Realty Trust has a consensus "Moderate Buy" rating from analysts with an average price target of $19.56, despite reporting quarterly EPS that missed analyst estimates. Institutional investors collectively own 88.25% of IRT's stock.
Independence Realty Trust Director Richard D. Gebert Sells 500 Shares Under Rule 10b5-1 Plan
Richard D. Gebert, a director at Independence Realty Trust, Inc. (NYSE:IRT), sold 500 common shares on September 1, 2026, at $16.16 per share. This transaction was executed under a pre-established Rule 10b5-1 trading plan that was set up on December 3, 2025. Following the sale, Gebert retains direct ownership of 41,569 shares in the company.
IRT stands out among large-cap REITs with 14.1% upside and 4.4% yield
Independence Realty Trust Inc (IRT) is highlighted as a strong candidate among large-cap REITs, offering a 14.1% fair-value upside and a 4.4% dividend yield, supported by stable Funds From Operations (FFO) growth. While other REITs might offer higher yields or discounts, IRT is presented as having the best risk-balance due to its manageable dividend coverage and valuation upside, despite leverage concerns. The article advises selective investment in REITs rather than broad sector buying.
Susquehanna International Group LLP Reduces Stock Holdings in Independence Realty Trust, Inc. $IRT
Susquehanna International Group LLP significantly reduced its stake in Independence Realty Trust (NYSE:IRT) by 69.9% in the second quarter of 2026, selling 86,530 shares and retaining 37,285 shares valued at $622,000. Despite this reduction, institutional ownership in IRT remains high at 88.25%, with other major investors increasing their positions. The company recently missed EPS expectations but exceeded revenue forecasts and holds a "Moderate Buy" consensus rating from analysts with an average target price above its current trading price.
Legal & General Group Plc Purchases New Position in Independence Realty Trust, Inc. $IRT
Legal & General Group Plc recently acquired a new position of 1.20 million shares in Independence Realty Trust (IRT), valued at approximately $20.0 million, representing a 0.51% stake. Despite a revenue beat, IRT's earnings per share of $0.01 significantly missed the consensus forecast of $0.27. The stock currently holds a "Moderate Buy" consensus rating with an average price target of $19.56, suggesting potential upside from its recent opening price of $16.35.
754,681 Shares in Independence Realty Trust, Inc. $IRT Purchased by Hsbc Holdings PLC
Hsbc Holdings PLC recently purchased 754,681 shares of Independence Realty Trust (NYSE:IRT) valued at approximately $12.6 million, representing a 0.32% stake in the company. Institutional investors collectively own 88.25% of IRT, which holds an average analyst rating of "Moderate Buy" with a $19.56 price target. Despite missing EPS estimates in its latest quarterly report, the company's revenue increased 3.2% year-over-year, and management issued optimistic fiscal 2026 EPS guidance.
Bank of New York Mellon Corp Acquires New Stake in Independence Realty Trust, Inc. $IRT
Bank of New York Mellon Corp has acquired a new position in Independence Realty Trust, Inc. (NYSE:IRT), purchasing 1.97 million shares valued at approximately $32.9 million. This acquisition makes Bank of New York Mellon Corp the owner of about 0.84% of Independence Realty Trust, with institutional investors and hedge funds collectively owning 88.25% of the company. Analysts have given IRT a "Moderate Buy" rating with an average price target of $19.56, despite the company missing its latest quarterly EPS expectations.
Deutsche Bank AG Makes New Investment in Independence Realty Trust, Inc. $IRT
Deutsche Bank AG recently acquired a new stake of 351,947 shares in Independence Realty Trust (NYSE:IRT), valued at approximately $5.9 million, as disclosed in its latest SEC filing. This makes Deutsche Bank AG own about 0.15% of the company, which sees 88.25% institutional ownership. Despite missing quarterly EPS estimates, analysts maintain a "Moderate Buy" rating with an average price target of $19.56, indicating potential upside from its current share price.
BlackRock Inc. Invests $601.98 Million in Independence Realty Trust, Inc. $IRT
BlackRock Inc. has acquired a significant stake in Independence Realty Trust (NYSE: IRT), purchasing 36.1 million shares valued at approximately $602 million, giving it a 15.3% ownership. Other institutional investors also increased their holdings, bringing total institutional ownership to 88.25%. Despite missing analyst EPS estimates for the recent quarter, the company saw a 3.2% year-over-year revenue increase, and analysts maintain a "Moderate Buy" rating with an average price target of $19.56.
IRT | Independence Realty Trust Inc. Financials - Revenue Breakdown
This page provides a detailed financial overview of Independence Realty Trust Inc. (IRT), focusing on its revenue breakdown and various financial metrics. It includes recent stock trades by U.S. Congress members, insider trading activity, institutional ownership, and analyst ratings, alongside corporate lobbying and government contract data. The company is a REIT specializing in multifamily apartment communities across non-gateway U.S. markets.
Mitsubishi UFJ Asset Management Co. Ltd. Invests $3.40 Million in Independence Realty Trust, Inc. $IRT
Mitsubishi UFJ Asset Management Co. Ltd. has acquired a new stake in Independence Realty Trust (IRT) by purchasing 203,517 shares valued at approximately $3.4 million, representing a 0.09% ownership. Institutional investors collectively hold 88.25% of IRT. Despite missing the consensus EPS estimate, IRT's revenue saw a 3.2% year-over-year increase, and analysts maintain a "Moderate Buy" rating with an average price target of $19.56.
Independence Realty Trust, Inc. (NYSE:IRT) Receives Average Recommendation of "Moderate Buy" from Brokerages
Independence Realty Trust (NYSE:IRT) has received an average "Moderate Buy" recommendation from twelve brokerage firms, with an average 12-month price target of $19.56. Major institutional investors like BlackRock and Morgan Stanley have significantly increased their stakes in the company. Despite missing adjusted EPS expectations in its latest quarterly earnings, the company's revenue slightly exceeded forecasts and grew year-over-year.
OVERSEA CHINESE BANKING Corp Ltd Takes $5.99 Million Position in Independence Realty Trust, Inc. $IRT
OVERSEA CHINESE BANKING Corp Ltd has acquired a new position of 359,073 shares, valued at approximately $5.99 million, in Independence Realty Trust (IRT) during the second quarter. This makes OVERSEA CHINESE BANKING Corp Ltd own about 0.15% of the REIT, with institutional investors collectively holding 88.25% of the company. Despite missing analyst EPS estimates for the quarter, Independence Realty Trust reported increased revenue and reaffirmed its fiscal year 2026 EPS guidance, maintaining a "Moderate Buy" consensus rating among analysts.
Barclays Maintains Independence Realty Trust Inc(IRT.US) With Buy Rating, Maintains Target Price $20
Barclays has reiterated its Buy rating for Independence Realty Trust Inc (IRT.US) and maintained its target price of $20. This indicates the firm's continued positive outlook on the company's stock performance.
RBC Capital Maintains Independence Realty Trust Inc(IRT.US) With Buy Rating, Raises Target Price to $19
RBC Capital has reiterated its Buy rating on Independence Realty Trust Inc (IRT.US) and increased its target price to $19. This adjustment reflects the firm's continued confidence in the company's performance and future prospects.
