Rep. Lisa C. McClain Buys Independence Realty Trust, Inc. (NYSE:IRT) Shares

Representative Lisa C. McClain (R-Michigan) recently bought shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independence Realty Trust stock on June 11th. 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 Stock Performance

IRT traded up $0.4890 during midday trading on Friday, reaching $17.6490. 2,646,607 shares of the company were exchanged, compared to its average volume of 2,814,885. The stock has a market capitalization of $4.13 billion, a P/E ratio of 147.08, a PEG ratio of 2.44 and a beta of 0.94. The stock’s 50-day simple moving average is $17.44 and its 200 day simple moving average is $18.91. Independence Realty Trust, Inc. has a one year low of $16.59 and a one year high of $22.26.

Independence Realty Trust (NYSE:IRT) 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, meeting the consensus estimate of $0.28. Independence Realty Trust had a return on equity of 0.78% and a net margin of 4.31%.The firm had revenue of $161.89 million for the quarter, compared to the consensus estimate of $164.78 million. During the same quarter last year, the business posted $0.28 EPS. Independence Realty Trust has set its FY 2025 guidance at 1.195-1.215 EPS. On average, research analysts anticipate that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of Independence Realty Trust from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Independence Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group dropped their price target on Independence Realty Trust from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. JMP Securities restated a “market outperform” rating and set a $25.00 price objective on shares of Independence Realty Trust in a research report on Monday, May 5th. Finally, Compass Point raised shares of Independence Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $22.00 to $24.00 in a research note on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Independence Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $22.56.

Institutional Investors Weigh In On Independence Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Independence Realty Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 32,806,493 shares of the real estate investment trust’s stock valued at $696,482,000 after acquiring an additional 554,729 shares during the period. Wellington Management Group LLP increased its position in shares of Independence Realty Trust by 1.3% during the first quarter. Wellington Management Group LLP now owns 13,570,175 shares of the real estate investment trust’s stock valued at $288,095,000 after acquiring an additional 171,228 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Independence Realty Trust by 0.3% during the second quarter. Alliancebernstein L.P. now owns 9,139,506 shares of the real estate investment trust’s stock valued at $161,678,000 after acquiring an additional 30,701 shares during the last quarter. Jennison Associates LLC increased its position in shares of Independence Realty Trust by 12.9% during the second quarter. Jennison Associates LLC now owns 6,926,454 shares of the real estate investment trust’s stock valued at $122,529,000 after acquiring an additional 789,515 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Independence Realty Trust by 2.3% during the second quarter. Geode Capital Management LLC now owns 6,190,693 shares of the real estate investment trust’s stock valued at $109,524,000 after purchasing an additional 138,817 shares during the period. Institutional investors and hedge funds 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.