Geode Capital Management LLC Boosts Stake in Independence Realty Trust, Inc. $IRT

Posted by Brian Himes on Jun 6th, 2026

Geode Capital Management LLC increased its position in Independence Realty Trust, Inc. (NYSE:IRT – Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,445,967 shares of the real estate investment trust’s stock after buying an additional 148,449 shares during the period. Geode Capital Management LLC’s holdings in Independence Realty Trust were worth $112,690,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Solstein Capital LLC purchased a new stake in shares of Independence Realty Trust in the third quarter worth about $25,000. Danske Bank A S purchased a new stake in shares of Independence Realty Trust in the third quarter worth about $26,000. Farther Finance Advisors LLC raised its position in Independence Realty Trust by 70.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,810 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 747 shares during the period. Huntington National Bank raised its position in Independence Realty Trust by 46.4% during the third quarter. Huntington National Bank now owns 2,289 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 725 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in Independence Realty Trust by 1,420.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 3,329 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 3,110 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on IRT

Independence Realty Trust Stock Performance

IRT opened at $16.63 on Friday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 83.15, a P/E/G ratio of 1.85 and a beta of 0.96. The stock’s 50 day moving average price is $15.95 and its 200-day moving average price is $16.45. Independence Realty Trust, Inc. has a one year low of $14.60 and a one year high of $18.74.

Independence Realty Trust (NYSE:IRT – Get Free Report) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.23. The firm had revenue of $165.32 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.18 per share. This is a positive change 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%. The ex-dividend date of this dividend is Friday, June 26th. Independence Realty Trust’s payout ratio is currently 340.00%.

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.