AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Independence Realty Trust Director Brines Ned makes strategic investments in IRT shares.
ByAinvest
Friday, May 16, 2025 5:56 pm ET1min read
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/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet