Rep. Lisa C. McClain Buys Independence Realty Trust, Inc. (NYSE:IRT) Shares

Representative Lisa C. McClain (R-Michigan) recently bought shares of Independence Realty Trust, Inc. (NYSE:IRT). In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independence Realty Trust stock on June 11th. 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

Shares of NYSE:IRT opened at $17.6490 on Friday. Independence Realty Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $22.26. The stock has a market capitalization of $4.13 billion, a P/E ratio of 147.08, a PEG ratio of 2.44 and a beta of 0.94. The stock has a 50-day simple moving average of $17.44 and a 200-day simple moving average of $18.91.

Independence Realty Trust (NYSE:IRT) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Independence Realty Trust had a return on equity of 0.78% and a net margin of 4.31%.The business had revenue of $161.89 million during the quarter, compared to analysts’ expectations of $164.78 million. During the same quarter in the previous year, the business earned $0.28 EPS. Independence Realty Trust has set its FY 2025 guidance at 1.195-1.215 EPS. Analysts predict that Independence Realty Trust, Inc. will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IRT. B. Riley Wealth Advisors Inc. bought a new position in Independence Realty Trust during the second quarter valued at about $557,000. Geneos Wealth Management Inc. boosted its position in shares of Independence Realty Trust by 21.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 32,969 shares of the real estate investment trust’s stock valued at $583,000 after purchasing an additional 5,719 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Independence Realty Trust by 5.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 482,220 shares of the real estate investment trust’s stock worth $8,536,000 after acquiring an additional 26,398 shares during the period. Tower Research Capital LLC TRC boosted its position in Independence Realty Trust by 205.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 35,667 shares of the real estate investment trust’s stock worth $631,000 after acquiring an additional 23,987 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in Independence Realty Trust during the 2nd quarter worth about $362,000. Institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IRT shares. Wall Street Zen raised Independence Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $25.00 target price on shares of Independence Realty Trust in a research report on Monday, May 5th. Barclays cut 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, August 12th. UBS Group cut 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 raised 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 report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.56.

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.

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.