M&T Bank Corp Purchases New Shares in Independence Realty Trust, Inc. $IRT

Posted by on May 12th, 2026

M&T Bank Corp purchased a new stake in shares of Independence Realty Trust, Inc. (NYSE:IRT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,908 shares of the real estate investment trust’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State of Michigan Retirement System increased its holdings in Independence Realty Trust by 1.4% during the 4th quarter. State of Michigan Retirement System now owns 56,400 shares of the real estate investment trust’s stock valued at $986,000 after purchasing an additional 800 shares in the last quarter. Vanguard Group Inc. increased its holdings in Independence Realty Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 33,235,002 shares of the real estate investment trust’s stock valued at $580,948,000 after purchasing an additional 250,549 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Independence Realty Trust by 1,767.5% during the 4th quarter. Teacher Retirement System of Texas now owns 571,568 shares of the real estate investment trust’s stock valued at $9,991,000 after purchasing an additional 540,962 shares in the last quarter. HB Wealth Management LLC increased its holdings in Independence Realty Trust by 21.5% during the 4th quarter. HB Wealth Management LLC now owns 13,234 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Independence Realty Trust during the 4th quarter valued at $193,000. 88.25% of the stock is owned by institutional investors and hedge funds.

Independence Realty Trust Stock Up 0.2%

NYSE:IRT opened at $16.46 on Tuesday. Independence Realty Trust, Inc. has a 12-month low of $14.60 and a 12-month high of $19.61. The firm has a market capitalization of $3.88 billion, a P/E ratio of 82.29, a P/E/G ratio of 1.83 and a beta of 0.98. The stock’s fifty day simple moving average is $15.78 and its 200-day simple moving average is $16.42.

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 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.23. The firm had revenue of $165.32 million for the quarter, compared to analyst estimates of $166.35 million. Independence Realty Trust had a return on equity of 1.35% and a net margin of 7.27%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. As a group, equities research analysts expect that Independence Realty Trust, Inc. will post 1.14 earnings per share for the current year.

Independence Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, March 27th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 27th. This represents a $0.68 annualized dividend and a yield of 4.1%. Independence Realty Trust’s payout ratio is currently 340.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on IRT. Zacks Research raised Independence Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Barclays raised their price target on Independence Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday. Weiss Ratings cut Independence Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wells Fargo & Company lowered their target price on Independence Realty Trust from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research note on Tuesday, January 20th. 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.com, the company has an average rating of “Hold” and an average price target of $20.06.

Get Our Latest Research Report on IRT

Independence Realty Trust 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.

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Institutional Ownership by Quarter for Independence Realty Trust (NYSE:IRT)

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