Independence Realty Trust Director Brines Ned makes strategic investments in IRT shares.

Independence Realty Trust, Inc. (IRT) has announced that Director Brines Ned has made several purchases of the company's shares. On July 22, 2024, he purchased 12 shares at $19.02 per share and an additional 409 shares at the same price. On October 18, 2024, he bought 12 shares at $19.88 per share and another 395 shares at the same price. On January 17, 2025, he purchased 12 shares at $18.96 per share and 417 shares at the same price. Finally, on April 21, 2025, he bought 12 shares at $19.13 per share and another 417 shares at the same price.

Independence Realty Trust, Inc. (IRT) has seen significant share purchases by its director, Brines Ned, over the past several months. Ned's acquisitions, totaling 1,323 shares, indicate a bullish outlook on the company's prospects.

Ned's first purchase occurred on July 22, 2024, where he bought 12 shares at $19.02 per share and an additional 409 shares at the same price. On October 18, 2024, he purchased 12 shares at $19.88 per share and another 395 shares at the same price. On January 17, 2025, Ned bought 12 shares at $18.96 per share and 417 shares at the same price. Finally, on April 21, 2025, he acquired 12 shares at $19.13 per share and another 417 shares at the same price.

These transactions suggest a strong belief in the company's future performance, as Ned has been consistently adding to his position despite fluctuations in the stock price. The purchases also align with the broader trend of institutional investors increasing their stakes in IRT [1].

In addition to Ned's purchases, several other institutional investors have also increased their holdings in IRT. For instance, Global Retirement Partners LLC raised its holdings by 66.0% in the fourth quarter of 2024, while SRS Capital Advisors Inc. increased its stake by 627.5% during the same period [1]. These moves indicate a growing confidence in the company's growth prospects.

References:

[1] https://www.marketbeat.com/instant-alerts/cetera-investment-advisers-has-536-million-holdings-in-independence-realty-trust-inc-nyseirt-2025-05-14/