Independence Realty Trust Inc’s recent filing unveils that its Chair Board and CEO SCHAEFFER SCOTT unloaded Company’s shares for reported $0.21 million on Apr 01 ’25. In the deal valued at $21.21 per share,10,000 shares were sold. As a result of this transaction, SCHAEFFER SCOTT now holds 873,365 shares worth roughly $16.42 million.
Then, Gebert Richard D sold 500 shares, generating $10,640 in total proceeds. Upon selling the shares at $21.28, the Director now owns 38,694 shares.
Before that, SCHAEFFER SCOTT bought 10,000 shares. Independence Realty Trust Inc shares valued at $212,147 were divested by the Officer at a price of $21.21 per share.
UBS initiated its Independence Realty Trust Inc [IRT] rating to a Buy in a research note published on April 07, 2025; the price target was $24. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. Jefferies also remained covering IRT and has increased its forecast on March 10, 2025 with a “Buy” recommendation from previously “Hold” rating. Barclays started covering the stock on December 17, 2024. It rated IRT as “an Equal weight”.
Price Performance Review of IRT
On Tuesday, Independence Realty Trust Inc [NYSE:IRT] saw its stock jump 0.37% to $18.80. Over the last five days, the stock has gained 5.50%. Independence Realty Trust Inc shares have fallen nearly -5.24% since the year began. Nevertheless, the stocks have risen 20.07% over the past one year. While a 52-week high of $22.10 was reached on 02/28/25, a 52-week low of $14.94 was recorded on 04/09/25. SMA at 50 days reached $20.40, while 200 days put it at $20.03.
Levels Of Support And Resistance For IRT Stock
The 24-hour chart illustrates a support level at 18.69, which if violated will result in even more drops to 18.57. On the upside, there is a resistance level at 18.92. A further resistance level may holdings at 19.03. The Relative Strength Index (RSI) on the 14-day chart is 39.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.88%. Stochastics %K at 33.26% indicates the stock is a holding.
How much short interest is there in Independence Realty Trust Inc?
A steep rise in short interest was recorded in Independence Realty Trust Inc stocks on 2025-03-31, growing by 1.53 million shares to a total of 18.84 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 17.31 million shares. There was a rise of 8.12%, which implies that there is a positive sentiment for the stock.
