Public Employees Retirement System of Ohio Takes Position in Independence Realty Trust, Inc. $IRT

Posted by Brenda Bartman on Sep 3rd, 2026

Public Employees Retirement System of Ohio acquired a new stake in shares of Independence Realty Trust, Inc. (NYSE:IRT – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 270,504 shares of the real estate investment trust’s stock, valued at approximately $4,515,000.

Several other institutional investors have also bought and sold shares of IRT. NewEdge Advisors LLC bought a new position in Independence Realty Trust in the 1st quarter valued at about $209,000. Goldman Sachs Group Inc. raised its position in shares of Independence Realty Trust by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,935,487 shares of the real estate investment trust’s stock worth $62,320,000 after buying an additional 420,682 shares in the last quarter. American Century Companies Inc. raised its position in shares of Independence Realty Trust by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 70,678 shares of the real estate investment trust’s stock worth $1,250,000 after buying an additional 789 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Independence Realty Trust by 13.0% in the 2nd quarter. Invesco Ltd. now owns 1,139,216 shares of the real estate investment trust’s stock worth $20,153,000 after acquiring an additional 131,444 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Independence Realty Trust by 63.3% in the 2nd quarter. First Trust Advisors LP now owns 196,463 shares of the real estate investment trust’s stock worth $3,475,000 after acquiring an additional 76,147 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.

Independence Realty Trust Stock Performance

Shares of NYSE:IRT opened at $16.32 on Thursday. The company has a market capitalization of $3.85 billion, a PE ratio of 90.64 and a beta of 0.93. The stock has a fifty day moving average of $16.74 and a 200-day moving average of $16.32. Independence Realty Trust, Inc. has a one year low of $14.60 and a one year high of $18.18.

Independence Realty Trust (NYSE:IRT – Get Free Report) last issued its earnings results on Monday, August 3rd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.26). Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%.The company had revenue of $167.24 million during the quarter, compared to analyst estimates of $166.93 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. As a group, research analysts forecast that Independence Realty Trust, Inc. will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Independence Realty Trust from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Jefferies Financial Group upgraded Independence Realty Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada increased their price target on Independence Realty Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Independence Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, UBS Group dropped their price objective on Independence Realty Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.56.

View Our Latest Report on IRT

About Independence Realty Trust

(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.