Gebert Richard D, an insider at Independence Realty Trust Inc (IRT), sold 39,872 shares of the company's stock on November 30, 2025, at a price of $17.00 per share, totaling $678,000. Following this transaction, Gebert retains 39,872 shares of IRT.
This sale provides insight into insider activity at the real estate investment trust, which focuses on acquiring, owning, and managing multifamily apartment communities across non-gateway U.S. markets. With a market capitalization of $4.0 billion, IRT has a P/E ratio of 181.40 and an EPS of 0.10, reflecting its operational performance in the competitive real estate sector.
Insider selling can happen for various reasons, including personal financial needs or tax planning. While significant insider transactions may capture investor attention, they do not necessarily indicate a negative outlook on the company. Investors are encouraged to consider patterns of insider activity over time and across multiple insiders, rather than focusing solely on individual transactions, when evaluating these signals.
Independence Realty Trust is headquartered in Philadelphia, Pennsylvania, and employs 917 full-time staff. The company operates approximately 113 multifamily properties, comprising a total of 33,615 units spread across states such as Florida, Texas, and Georgia. Upcoming earnings reports are scheduled for April 28, 2026, and July 28, 2026, with estimated EPS of $0.05 for both quarters, indicating steady expectations in the coming months.