Short Interest in Independence Realty Trust, Inc. (NYSE:IRT) Drops By 21.6%

18 Apr 2026, 15:40 by Jessica Moore · The Cerbat Gem

Independence Realty Trust, Inc. (NYSE:IRT – Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 9,482,097 shares, a decrease of 21.6% from the March 15th total of 12,092,966 shares. Based on an average daily trading volume, of 2,504,248 shares, the days-to-cover ratio is presently 3.8 days. Approximately 4.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Solstein Capital LLC bought a new stake in Independence Realty Trust in the third quarter worth $25,000. Danske Bank A S purchased a new position in shares of Independence Realty Trust in the third quarter worth about $26,000. First Horizon Corp purchased a new position in shares of Independence Realty Trust in the third quarter worth about $27,000. SHP Wealth Management bought a new stake in shares of Independence Realty Trust in the 4th quarter valued at about $30,000. Finally, Farther Finance Advisors LLC boosted its holdings in Independence Realty Trust by 70.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,810 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 747 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research note on Tuesday, January 20th. BMO Capital Markets raised shares of Independence Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $20.00 to $22.00 in a research report on Friday, January 9th. Zacks Research upgraded shares of Independence Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Citigroup restated an “outperform” rating on shares of Independence Realty Trust in a research note on Friday, January 9th. Finally, UBS Group lifted their price target on shares of Independence Realty Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.61.

Check Out Our Latest Stock Analysis on IRT

Independence Realty Trust Trading Up 3.1%

Shares of NYSE IRT traded up $0.49 during mid-day trading on Friday, hitting $16.15. The company had a trading volume of 1,734,620 shares, compared to its average volume of 2,249,979. Independence Realty Trust has a 1 year low of $14.60 and a 1 year high of $19.94. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 67.30, a P/E/G ratio of 1.75 and a beta of 1.00. The stock’s 50-day moving average price is $15.90 and its 200-day moving average price is $16.42.

Independence Realty Trust (NYSE:IRT – Get Free Report) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $167.13 million during the quarter, compared to the consensus estimate of $170.26 million. Independence Realty Trust had a return on equity of 1.58% and a net margin of 8.60%.The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. As a group, equities research analysts forecast that Independence Realty Trust will post 1.19 earnings per share for the current year.

Independence Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, March 27th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.68 annualized dividend and a dividend yield of 4.2%. Independence Realty Trust’s dividend payout ratio (DPR) is presently 283.33%.

About Independence Realty Trust

(Get 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.