Rep. Gilbert Ray Cisneros, Jr. Buys Independence Realty Trust, Inc. (NYSE:IRT) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independence Realty Trust stock on January 15th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Independence Realty Trust Trading Down 0.3%

IRT stock opened at $16.54 on Friday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 68.90, a PEG ratio of 2.09 and a beta of 1.00. The firm’s 50-day moving average price is $16.96 and its two-hundred day moving average price is $16.87. Independence Realty Trust, Inc. has a 12-month low of $15.06 and a 12-month high of $21.86.

Independence Realty Trust (NYSE:IRT) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $167.13 million for the quarter, compared to analysts’ expectations of $170.26 million. Independence Realty Trust had a return on equity of 1.58% and a net margin of 8.60%.Independence Realty Trust’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Equities analysts predict that Independence Realty Trust, Inc. will post 1.19 EPS for the current year.

Independence Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Wednesday, December 31st were given a $0.17 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.1%. Independence Realty Trust’s payout ratio is presently 283.33%.

Analysts Set New Price Targets

A number of equities analysts recently commented on IRT shares. Barclays upped their target price on Independence Realty Trust from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. BMO Capital Markets raised shares of Independence Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $20.00 to $22.00 in a research report on Friday, January 9th. Zacks Research cut shares of Independence Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Independence Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Independence Realty Trust in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Independence Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $21.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Solstein Capital LLC purchased a new position in shares of Independence Realty Trust in the 3rd quarter worth about $25,000. Danske Bank A S purchased a new position in Independence Realty Trust in the third quarter worth about $26,000. First Horizon Corp bought a new position in shares of Independence Realty Trust in the third quarter worth approximately $27,000. Farther Finance Advisors LLC grew its holdings in shares of 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 buying an additional 747 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of 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 acquiring an additional 1,582 shares in the last quarter. Institutional investors own 88.25% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Independence Realty Trust

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.