Independence Realty Trust (NYSE:IRT) Shares Unloaded Rep. Lisa C. McClain

Representative Lisa C. McClain (R-Michigan) recently sold shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Independence Realty Trust stock on June 17th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Independence Realty Trust Stock Performance

NYSE:IRT opened at $17.2860 on Thursday. The firm’s 50-day moving average is $17.47 and its 200-day moving average is $18.94. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 144.05, a PEG ratio of 2.40 and a beta of 0.94. Independence Realty Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $22.26.

Independence Realty Trust (NYSE:IRT) last released 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. Independence Realty Trust had a net margin of 4.31% and a return on equity of 0.78%. The business had revenue of $161.89 million during the quarter, compared to analysts’ expectations of $164.78 million. During the same quarter last year, the company earned $0.28 earnings per share. Independence Realty Trust has set its FY 2025 guidance at 1.195-1.215 EPS. Equities analysts predict that Independence Realty Trust, Inc. will post 1.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on IRT. JMP Securities reiterated a “market outperform” rating and issued a $25.00 price objective on shares of Independence Realty Trust in a research report on Monday, May 5th. Compass Point upgraded Independence Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $22.00 to $24.00 in a research note on Thursday, July 31st. UBS Group decreased their price target on shares of Independence Realty Trust from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. Barclays lowered their price target on shares of Independence Realty Trust from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Independence Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Independence Realty Trust by 2.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,292 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 488 shares in the last quarter. Xponance Inc. lifted its holdings in Independence Realty Trust by 2.1% during the 1st quarter. Xponance Inc. now owns 32,632 shares of the real estate investment trust’s stock valued at $693,000 after purchasing an additional 678 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Independence Realty Trust by 131.4% during the 1st quarter. Brooklyn Investment Group now owns 1,254 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 712 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Independence Realty Trust by 0.3% in the first quarter. Envestnet Asset Management Inc. now owns 252,949 shares of the real estate investment trust’s stock valued at $5,370,000 after buying an additional 731 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Independence Realty Trust by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 73,270 shares of the real estate investment trust’s stock valued at $1,296,000 after buying an additional 759 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Independence Realty Trust

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.