110,723 Shares in Independence Realty Trust, Inc. $IRT Purchased by RM Financial Services LLC

Posted by Geri Gentry on Jun 11th, 2026

RM Financial Services LLC purchased a new position in shares of Independence Realty Trust, Inc. (NYSE:IRT – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 110,723 shares of the real estate investment trust’s stock, valued at approximately $1,935,000. Independence Realty Trust accounts for 1.7% of RM Financial Services LLC’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Metis Global Partners LLC lifted its stake in shares of Independence Realty Trust by 7.3% in the 4th quarter. Metis Global Partners LLC now owns 56,473 shares of the real estate investment trust’s stock worth $987,000 after acquiring an additional 3,851 shares during the period. Deutsche Bank AG lifted its position in Independence Realty Trust by 4.8% in the fourth quarter. Deutsche Bank AG now owns 309,689 shares of the real estate investment trust’s stock valued at $5,413,000 after purchasing an additional 14,166 shares during the period. Franklin Resources Inc. lifted its position in Independence Realty Trust by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 3,874,647 shares of the real estate investment trust’s stock valued at $67,729,000 after purchasing an additional 47,144 shares during the period. JPMorgan Chase & Co. boosted its holdings in Independence Realty Trust by 2.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,150,829 shares of the real estate investment trust’s stock valued at $37,596,000 after purchasing an additional 44,604 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Independence Realty Trust by 217.2% during the 4th quarter. Parallel Advisors LLC now owns 4,698 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 3,217 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Independence Realty Trust Price Performance

NYSE IRT opened at $17.02 on Thursday. Independence Realty Trust, Inc. has a 1-year low of $14.60 and a 1-year high of $18.74. The company has a market capitalization of $4.01 billion, a P/E ratio of 85.08, a PEG ratio of 1.89 and a beta of 0.96. The business has a 50 day moving average price of $16.07 and a 200 day moving average price of $16.46.

Independence Realty Trust (NYSE:IRT – Get Free Report) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.23. The company had revenue of $165.32 million for the quarter, compared to the consensus estimate of $166.35 million. Independence Realty Trust had a return on equity of 1.35% and a net margin of 7.27%.Independence Realty Trust’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. On average, research analysts expect that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current fiscal year.

Independence Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Friday, June 26th will be given a $0.18 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.72 annualized dividend and a dividend yield of 4.2%. This is a boost from Independence Realty Trust’s previous quarterly dividend of $0.17. Independence Realty Trust’s payout ratio is presently 360.00%.

Analyst Upgrades and Downgrades

IRT has been the subject of several recent analyst reports. Weiss Ratings cut Independence Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Wells Fargo & Company increased their price objective on Independence Realty Trust from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Zacks Research upgraded shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Barclays upped their price target on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Independence Realty Trust from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.06.

Check Out Our Latest Stock Analysis on Independence Realty Trust

Independence Realty Trust Company Profile

(Free Report)

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.