Stock market today: S&P 500 clinches another record close to end week strongly
Director Richard D. Gebert of Independence Realty Trust (NYSE:IRT), a $4.2 billion residential REIT currently trading near its InvestingPro Fair Value, sold 500 shares of common stock on September 2, 2025. The shares were sold at a price of $17.88, for a total transaction value of $8940.
Following the transaction, Gebert directly owns 41,372 shares of Independence Realty Trust. The sale was executed under a pre-arranged 10b5-1(c) plan adopted on December 5, 2024.
In other recent news, Independence Realty Trust reported its second-quarter 2025 earnings, which did not meet analysts’ expectations. The company announced an earnings per share (EPS) of $0.03, falling short of the anticipated $0.04, resulting in a 25% negative surprise. Additionally, revenue came in at $161.89 million, which was below the forecasted $164.68 million. These earnings and revenue results are significant developments for investors monitoring the company’s financial performance. The announcement of these figures is crucial as it provides insight into the company’s recent financial health. Investors often rely on such data to assess the company’s operational efficiency and market position. It’s important to note that these are recent developments, reflecting the company’s current standing in the market.
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