NYSE:IRT Independence Realty Trust (IRT) Stock Price, News & Analysis $14.78 +0.33 (+2.26%) Closing price 10/29/2026 03:59 PM EasternExtended Trading$14.80 +0.02 (+0.16%) As of 04:19 AM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsInsider TradesNews and TrendsOptions ChainOwnershipSEC FilingsShort Interest About Independence Realty Trust Stock (NYSE:IRT) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get IRT alerts:Sign Up Key Stats Today's Range$14.51▼$14.8150-Day Range$14.44▼$16.8852-Week Range$14.33▼$17.79Volume3.46 million shsAverage Volume3.52 million shsMarket Capitalization$3.48 billionP/E Ratio82.09Dividend Yield4.87%Price Target$19.39Consensus RatingModerate Buy Company Overview Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns, operates and acquires multifamily apartment communities in the United States. The company focuses on providing rental housing, with properties generally located in markets that offer population growth, employment opportunities and attractive long-term housing demand. IRT’s portfolio is concentrated primarily in the Southeast and other select U.S. growth markets, including communities in states such as Georgia, North Carolina, South Carolina, Tennessee, Florida, Texas and Colorado. Its activities include leasing apartment homes, managing residential communities, maintaining and renovating properties, and pursuing acquisitions and dispositions intended to enhance the quality and performance of its portfolio. Founded in 2009 and publicly listed in 2011, Independence Realty Trust historically invested in a broader range of income-producing real estate before focusing primarily on multifamily housing. The company expanded its apartment portfolio through the 2021 combination with Steadfast Communities. Independence Realty Trust is led by Mark O. Decker Jr., who serves as president and chief executive officer.AI Generated. May Contain Errors. Read More Independence Realty Trust Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks87th Percentile Overall ScoreIRT MarketRank™: 4.3290942123 of 5 starsIndependence Realty Trust scored higher than 87% of companies evaluated by MarketBeat, and ranked 46th out of 190 stocks in the real estate sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.4 / 5Analyst RatingModerate Buy Consensus RatingIndependence Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 1 strong buy rating, 8 buy ratings, 4 hold ratings, and no sell ratings.Upside PotentialIndependence Realty Trust has a consensus price target of $19.39, representing about 31.2% upside from its current price of $14.78.Amount of Analyst CoverageIndependence Realty Trust has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Independence Realty Trust's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth4.39% Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 4.39% in the coming year, from $1.14 to $1.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is 82.09, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.04.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is 82.09, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 24.86.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Independence Realty Trust's valuation and earnings. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted8.33% of the float of Independence Realty Trust has been sold short.Short Interest Ratio / Days to CoverIndependence Realty Trust has a short interest ratio ("days to cover") of 5.13.Change versus previous monthShort interest in Independence Realty Trust has recently increased by 1.66%, indicating that investor sentiment is decreasing. Dividend2.5 / 5Dividend StrengthModerate Dividend LeadershipIndependence Realty Trust is a leading dividend payer. It pays a dividend yield of 4.85%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependence Realty Trust has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Independence Realty Trust is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 60.50% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.Read more about Independence Realty Trust's dividend. News and Social Media3.8 / 5News Sentiment1.11 News SentimentIndependence Realty Trust has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Real Estate companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Independence Realty Trust this week, compared to 2 articles on an average week.MarketBeat Follows3 people have added Independence Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Company Ownership1.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,235.00 in company stock.Percentage Held by Insiders0.69% of the stock of Independence Realty Trust is held by insiders.Percentage Held by Institutions88.25% of the stock of Independence Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Independence Realty Trust's insider trading history. Receive IRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independence Realty Trust and its competitors with MarketBeat's FREE daily newsletter. 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IRT Stock News HeadlinesCenterspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSROctober 26, 2026 | prnewswire.comIndependence Realty Trust (NYSE:IRT) Stock Price Target Cut by Wells Fargo & CompanyOctober 21, 2026 | americanbankingnews.comWhat Elon Musk's Cybercab Reveal Could Mean for InvestorsJeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal. Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30.October 30 at 1:00 AM | Brownstone Research (Ad)IRT Announces Dates for Third Quarter 2026 Earnings Release and Conference CallOctober 14, 2026 | businesswire.comCenterspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSROctober 13, 2026 | businesswire.comCenterspace Announces Third Quarter 2026 Earnings Release DateOctober 1, 2026 | prnewswire.comInvestor challenges IRT’s acquisition of CenterspaceSeptember 30, 2026 | finance.yahoo.comActivist Calls Independence Realty Trust's Centerspace Merger 'Destructive' To REITSeptember 29, 2026 | finance.yahoo.comSee More Headlines IRT Stock Analysis - Frequently Asked Questions How have IRT shares performed this year? Independence Realty Trust's stock was trading at $17.49 at the start of the year. Since then, IRT shares have decreased by 15.5% and is now trading at $14.7760. How were Independence Realty Trust's earnings last quarter? Independence Realty Trust, Inc. (NYSE:IRT) posted its quarterly earnings results on Monday, August, 3rd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.26. Independence Realty Trust's revenue was up 3.2% compared to the same quarter last year. Read the conference call transcript. When did Independence Realty Trust IPO? Independence Realty Trust (IRT) raised $42 million in an initial public offering (IPO) on the week of July 31st 2017. The company issued 4,000,000 shares at a price of $10.00-$11.00 per share. Who are Independence Realty Trust's major shareholders? Independence Realty Trust's top institutional shareholders include Congress Asset Management Co. (0.52%), Leeward Investments LLC MA (0.36%), Asset Management One Co. Ltd. (0.14%) and Sumitomo Mitsui Trust Group Inc. (0.10%). Insiders that own company stock include Scott Schaeffer and Richard D Gebert. View institutional ownership trends. How do I buy shares of Independence Realty Trust? Shares of IRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Independence Realty Trust own? Based on aggregate information from My MarketBeat watchlists, some other companies that Independence Realty Trust investors own include AT&T (T), Verizon Communications (VZ), NVIDIA (NVDA), Energy Transfer (ET), Realty Income (O), Rithm Capital (RITM) and Qualcomm (QCOM). Company Calendar Last Earnings8/03/2026Record date for 10/23 Dividend9/30/2026Ex-Dividend for 10/23 Dividend9/30/2026Dividend Payable10/23/2026Today10/30/2026Next Earnings (Confirmed)11/02/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Red Zone (15m+) 1-Year History Oct 25 Jan 26 Apr 26 Jul 26 Oct 26 IRT's financial health is in the Red zone, according to TradeSmith. IRT has been in this zone for over 15 months. Industry, Sector and Symbol Stock ExchangeNYSE SectorReal Estate Industry Residential REITs Sub-IndustryMulti-Family Residential REITs Current SymbolNYSE:IRT CIK1466085 Webwww.irtliving.com Phone(267) 270-4800FaxN/AEmployees904Year Founded2009Price Target and Rating Average Price Target for Independence Realty Trust$19.39 High Price Target$22.00 Low Price Target$17.00 Potential Upside/Downside+31.2%Consensus RatingModerate Buy Rating Score (0-4)2.77 Research Coverage13 Analysts Profitability EPS (Trailing Twelve Months)$0.18 Trailing P/E Ratio82.09 Forward P/E Ratio12.96 P/E GrowthN/ANet Income$56.56 million Net Margins6.52% Pretax Margin6.64% Return on Equity1.22% Return on Assets0.72% Debt Debt-to-Equity Ratio0.70 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$666.83 million Price / Sales5.22 Cash Flow$1.30 per share Price / Cash Flow11.39 Book Value$15.01 per share Price / Book0.98Miscellaneous Outstanding Shares235,727,000Free Float234,100,000Market Cap$3.48 billion OptionableOptionable Beta0.96 Social Links 10 Best Stocks to Own in Fall 2026AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. 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