Richard D. Gebert, listed as a director of Independence Realty Trust, INC. (NYSE: IRT), executed a sale of 500 shares of the company's common stock on April 1, 2026, according to a Form 4 filing submitted to the Securities and Exchange Commission. The shares were disposed of at $14.85 per share, producing a gross transaction value of $7,425.
The filing notes the transaction occurred while Independence Realty Trust's stock was trading close to its 52-week low of $14.62. Year-to-date through the sale date, the stock was down by approximately 14%.
After the sale, Gebert's direct ownership in Independence Realty Trust stands at 37,872 shares. The Form 4 indicates the sale was carried out under a pre-established 10b5-1(c) trading arrangement that the director adopted on December 3, 2025. The document was signed on April 1, 2026, by James J. Sebra acting as attorney-in-fact.
Company performance and shareholder returns
Independence Realty Trust reported its fourth-quarter results for 2025 showing an earnings per share (EPS) of $0.14, topping analyst expectations of $0.09. This represents a positive surprise of 55.56% compared with consensus estimates. On the revenue side, the REIT recorded $166.8 million, which missed forecasts of $170.27 million by 2.04%.
Alongside its quarterly results, Independence Realty Trust declared a quarterly dividend of $0.17 per common share. The dividend is scheduled to be paid on April 17, 2026, to shareholders of record as of March 27, 2026.
According to InvestingPro data cited in the filing, the REIT offers a dividend yield of 4.57% and has increased its dividend for four consecutive years. InvestingPro analysis included in the notice also indicates the stock appears undervalued at current levels, with a Fair Value assessment suggesting upside potential.
What the filing shows
The Form 4 makes clear the sale was part of a pre-arranged trading plan and was executed by an attorney-in-fact on the date indicated. Beyond the quantitative details of the transaction and the company's latest earnings and dividend information, the filing provides a snapshot of insider ownership following the sale.
Investors reviewing the filing will find explicit information on the timing and mechanics of the sale, the director's remaining shareholding, the REIT's recent earnings surprise and revenue shortfall, and the upcoming dividend payment schedule.