Rep. Josh Gottheimer Sells Off Shares of Independence Realty Trust, Inc. (NYSE:IRT)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Independence Realty Trust stock on July 16th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 7/28/2025.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 7/25/2025.
• Sold $1,001 – $15,000 in shares of Natera (NASDAQ:NTRA) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/18/2025.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 7/14/2025.
• Sold $1,001 – $15,000 in shares of SpringWorks Therapeutics (NASDAQ:SWTX) on 7/2/2025.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 6/26/2025.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 6/25/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 6/25/2025.
• Sold $1,001 – $15,000 in shares of ConocoPhillips (NYSE:COP) on 6/24/2025.

Independence Realty Trust Stock Performance

Independence Realty Trust stock opened at $17.39 on Wednesday. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 144.88, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. Independence Realty Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $22.26. The stock’s fifty day moving average is $17.59 and its two-hundred day moving average is $19.01.

Independence Realty Trust (NYSE:IRT) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $161.89 million for the quarter, compared to analyst estimates of $164.78 million. Independence Realty Trust had a return on equity of 0.78% and a net margin of 4.31%. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, sell-side analysts forecast that Independence Realty Trust, Inc. will post 1.19 EPS for the current fiscal year.

Independence Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, June 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.9%. This is a positive change from Independence Realty Trust’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, June 27th. Independence Realty Trust’s dividend payout ratio is currently 566.67%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IRT. Barclays reduced their target price on Independence Realty Trust from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wall Street Zen upgraded Independence Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. JMP Securities reiterated a “market outperform” rating and set a $25.00 target price on shares of Independence Realty Trust in a research report on Monday, May 5th. UBS Group reduced their target price on Independence Realty Trust from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, July 15th. Finally, Compass Point upgraded Independence Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $22.00 to $24.00 in a research report on Thursday, July 31st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Independence Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.56.

Institutional Trading of Independence Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Independence Realty Trust by 131.4% during the first quarter. Brooklyn Investment Group now owns 1,254 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 712 shares during the period. Hantz Financial Services Inc. raised its position in Independence Realty Trust by 551.2% during the second quarter. Hantz Financial Services Inc. now owns 1,869 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,582 shares during the period. UMB Bank n.a. raised its position in Independence Realty Trust by 189.5% during the second quarter. UMB Bank n.a. now owns 2,883 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,887 shares during the period. Headlands Technologies LLC acquired a new position in Independence Realty Trust during the first quarter valued at $53,000. Finally, Financial Gravity Companies Inc. acquired a new position in Independence Realty Trust during the second quarter valued at $54,000. Institutional investors own 88.25% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Independence Realty Trust Company Profile

Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL.