Aew Capital Management L P Sells 332,392 Shares of Independence Realty Trust, Inc. $IRT

Posted by George Bondi on May 21st, 2026

Aew Capital Management L P lessened its stake in shares of Independence Realty Trust, Inc. (NYSE:IRT – Free Report) by 55.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 271,575 shares of the real estate investment trust’s stock after selling 332,392 shares during the period. Independence Realty Trust comprises approximately 0.3% of Aew Capital Management L P’s investment portfolio, making the stock its 26th biggest holding. Aew Capital Management L P’s holdings in Independence Realty Trust were worth $4,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IRT. Franklin Resources Inc. raised its stake in shares of Independence Realty Trust by 1,435.4% during 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 in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Independence Realty Trust in the second quarter valued at about $30,368,000. Freestone Grove Partners LP bought a new stake in shares of Independence Realty Trust in the third quarter valued at about $21,965,000. Citadel Advisors LLC raised its holdings in shares of Independence Realty Trust by 50.8% in the third quarter. Citadel Advisors LLC now owns 3,473,040 shares of the real estate investment trust’s stock valued at $56,923,000 after acquiring an additional 1,170,633 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Independence Realty Trust by 3,284.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,157,916 shares of the real estate investment trust’s stock valued at $18,978,000 after acquiring an additional 1,123,706 shares in the last quarter. Institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IRT. Barclays lifted their price objective on Independence Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. UBS Group reduced their price objective on shares of Independence Realty Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of Independence Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Zacks Research raised shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of 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. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.94.

Check Out Our Latest Analysis on Independence Realty Trust

Independence Realty Trust Stock Performance

Shares of Independence Realty Trust stock opened at $16.71 on Thursday. The company has a market capitalization of $3.94 billion, a PE ratio of 83.53, a P/E/G ratio of 1.84 and a beta of 0.98. The company has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $16.44. Independence Realty Trust, Inc. has a one year low of $14.60 and a one year high of $19.14.

Independence Realty Trust (NYSE:IRT – Get Free Report) last announced 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 business had revenue of $165.32 million during the quarter, compared to the consensus estimate of $166.35 million. Independence Realty Trust had a net margin of 7.27% and a return on equity of 1.35%. The firm’s revenue 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. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, June 26th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 26th. This is a boost from Independence Realty Trust’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.3%. Independence Realty Trust’s payout ratio is currently 340.00%.

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.