NYSE:IRT Independence Realty Trust (IRT) Stock Price, News & Analysis → Top 5 AI Stocks to Buy for 2024 (From Market Moving Trends) (Ad) Free IRT Stock Alerts $17.33 -0.01 (-0.06%) (As of 06/7/2024 08:52 PM ET) Add Compare Share Share Today's Range$17.01▼$17.3950-Day Range$15.38▼$17.3552-Week Range$11.61▼$18.77Volume3.25 million shsAverage Volume2.26 million shsMarket Capitalization$3.90 billionP/E RatioN/ADividend Yield3.69%Price Target$17.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Independence Realty Trust alerts: Email Address Independence Realty Trust MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside1.9% Downside$17.00 Price TargetShort InterestBearish3.80% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.54Upright™ Environmental ScoreNews Sentiment1.22Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth7.02%From $1.14 to $1.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.01 out of 5 starsFinance Sector456th out of 816 stocksReal Estate Investment Trusts Industry82nd out of 172 stocks 1.3 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 4 buy ratings, no hold ratings, and 1 sell rating.Amount of Analyst CoverageIndependence Realty Trust has received no research coverage in the past 90 days.Read more about Independence Realty Trust's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.80% of the outstanding shares of Independence Realty Trust have been sold short.Short Interest Ratio / Days to CoverIndependence Realty Trust has a short interest ratio ("days to cover") of 4.2.Change versus previous month Previous Next 2.5 Dividend Strength Dividend LeadershipIndependence Realty Trust is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependence Realty Trust has only been increasing its dividend for 2 years.Dividend SustainabilityBased on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 52.46% 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. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIndependence Realty Trust has received a 21.61% net impact score from Upright. Independence Realty seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in apartment buildings", "Real estate funds investing in rental apartments", and "Residential real estate leasing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Independence Realty Trust is -3.54. Previous Next 3.5 News and Social Media Coverage News SentimentIndependence Realty Trust has a news sentiment score of 1.22. 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 1.04 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Independence Realty Trust this week, compared to 2 articles on an average week.Search Interest2 people have searched for IRT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.58% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 7.02% in the coming year, from $1.14 to $1.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is -577.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is -577.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioIndependence Realty Trust has a PEG Ratio of 2.54. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Independence Realty Trust's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders AgencyHurry! Buy this stock before the Robinhood traders do!Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.Click here to pay just $5 for a full year of Stealth Trades About Independence Realty Trust Stock (NYSE:IRT)Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.Read More IRT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IRT Stock News HeadlinesJune 3, 2024 | businesswire.comIndependence Realty Trust to Participate in Nareit's REITweek 2024 Investor ConferenceJune 3, 2024 | americanbankingnews.comSelectis Health (OTCMKTS:GBCS) vs. Independence Realty Trust (NYSE:IRT) Head-To-Head ComparisonJune 1, 2024 | americanbankingnews.comIndependence Realty Trust, Inc. (NYSE:IRT) Receives $17.00 Consensus Price Target from AnalystsMay 2, 2024 | seekingalpha.comIndependence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving OccupancyApril 30, 2024 | finance.yahoo.comIndependence Realty Trust, Inc. (NYSE:IRT) Q1 2024 Earnings Call TranscriptApril 27, 2024 | seekingalpha.comIndependence Realty Trust, Inc. (IRT) Q1 2024 Earnings Call TranscriptApril 26, 2024 | finance.yahoo.comIndependence Realty Trust Inc (IRT) (Q1 2024) Earnings Call Transcript Highlights: Strong ...April 25, 2024 | finance.yahoo.comQ1 2024 Independence Realty Trust Inc Earnings CallApril 24, 2024 | businesswire.comIndependence Realty Trust Announces First Quarter 2024 Financial ResultsApril 11, 2024 | finance.yahoo.comThese REITs Yield 4% or More and Have Been Growing Their DividendsApril 8, 2024 | businesswire.comIndependence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call DatesApril 2, 2024 | finance.yahoo.comIndependence Realty Trust Completes Sale of Three Additional Properties as Part of Portfolio Optimization and Deleveraging StrategyMarch 16, 2024 | nasdaq.comIRT Makes Notable Cross Below Critical Moving AverageMarch 13, 2024 | finance.yahoo.comDon’t Worry Over Apartment REITs. Some Can Still Raise the Rent.March 11, 2024 | msn.comIndependence Realty Trust declares $0.16 dividendMarch 11, 2024 | businesswire.comIndependence Realty Trust Announces First Quarter 2024 DividendMarch 11, 2024 | seekingalpha.comFed Says Cuts AheadMarch 4, 2024 | businesswire.comIndependence Realty Trust Receives Investment Grade Credit Rating from FitchMarch 4, 2024 | businesswire.comIndependence Realty Trust Receives Investment Grade Credit Rating from FitchMarch 1, 2024 | finance.yahoo.comIndependence Realty Trust to Present at Citi’s 2024 Global Property CEO ConferenceMarch 1, 2024 | businesswire.comIndependence Realty Trust to Present at Citi's 2024 Global Property CEO ConferenceMarch 1, 2024 | businesswire.comIndependence Realty Trust Appoints Craig Macnab to its Board of DirectorsFebruary 17, 2024 | seekingalpha.comIndependence Realty: Q4 Earnings Show Improved Portfolio StrengthFebruary 16, 2024 | finance.yahoo.comIndependence Realty Trust, Inc. (NYSE:IRT) Q4 2023 Earnings Call TranscriptFebruary 15, 2024 | finance.yahoo.comIndependence Realty Trust Inc (IRT) Reports Mixed 2023 Results and Introduces 2024 GuidanceSee More Headlines 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. Email Address Company Calendar Last Earnings5/03/2022Ex-Dividend for 4/19 Dividend3/27/2024Dividend Payable4/19/2024Today6/09/2024Next Earnings (Estimated)7/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:IRT CUSIPN/A CIK1466085 Webwww.irtliving.com Phone(267) 270-4800FaxN/AEmployees952Year FoundedN/APrice Target and Rating Average Stock Price Target$17.00 High Stock Price Target$18.00 Low Stock Price Target$15.00 Potential Upside/Downside-1.9%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.03) Trailing P/E RatioN/A Forward P/E Ratio15.20 P/E Growth2.54Net Income$-17,230,000.00 Net Margins-1.26% Pretax Margin-1.32% Return on Equity-0.23% Return on Assets-0.13% Debt Debt-to-Equity Ratio0.62 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$660.98 million Price / Sales5.90 Cash Flow$0.91 per share Price / Cash Flow18.99 Book Value$15.88 per share Price / Book1.09Miscellaneous Outstanding Shares225,080,000Free Float223,775,000Market Cap$3.90 billion OptionableOptionable Beta1.12 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key ExecutivesMr. Scott F. Schaeffer (Age 62)President, CEO & Chairman Comp: $2.17MMr. James J. Sebra (Age 48)CFO & Treasurer Comp: $1.06MMr. Jason R. Delozier (Age 40)Chief Accounting Officer & Controller Comp: $720.8kMs. Michele R. Weisbaum (Age 63)General Counsel Comp: $242.2kMike DaleyExecutive Vice President of Operations & PeopleJosh KulickExecutive Vice President of Technology & InnovationMr. Ted McHughInvestor Relation Officer of Edelman SmithfieldMr. Pete RushingSenior Vice President of Sales & MarketingMs. Ella Shaw Neyland (Age 69)Consultant Comp: $1.69MJanice RichardsSenior Vice President of OperationsMore ExecutivesKey CompetitorsSun CommunitiesNYSE:SUIHealthpeak PropertiesNYSE:DOCUDRNYSE:UDRAmerican Homes 4 RentNYSE:AMHKimco RealtyNYSE:KIMView All CompetitorsInstitutional OwnershipPathway Financial Advisers LLCBought 1,935 shares on 5/29/2024Ownership: 0.001%Boston PartnersBought 55,310 shares on 5/28/2024Ownership: 0.025%Cetera Investment AdvisersBought 257,555 shares on 5/24/2024Ownership: 0.182%Cetera Advisors LLCBought 138,028 shares on 5/24/2024Ownership: 0.107%Virtu Financial LLCBought 14,747 shares on 5/20/2024Ownership: 0.007%View All Institutional Transactions IRT Stock Analysis - Frequently Asked Questions Should I buy or sell Independence Realty Trust stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IRT shares. View IRT analyst ratings or view top-rated stocks. What is Independence Realty Trust's stock price target for 2024? 5 Wall Street research analysts have issued 12 month target prices for Independence Realty Trust's shares. Their IRT share price targets range from $15.00 to $18.00. On average, they anticipate the company's stock price to reach $17.00 in the next twelve months. This suggests that the stock has a possible downside of 1.9%. View analysts price targets for IRT or view top-rated stocks among Wall Street analysts. How have IRT shares performed in 2024? Independence Realty Trust's stock was trading at $15.30 at the beginning of 2024. Since then, IRT shares have increased by 13.3% and is now trading at $17.33. View the best growth stocks for 2024 here. Are investors shorting Independence Realty Trust? Independence Realty Trust saw a increase in short interest in April. As of April 30th, there was short interest totaling 8,560,000 shares, an increase of 16.8% from the April 15th total of 7,330,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is presently 4.1 days. View Independence Realty Trust's Short Interest. When is Independence Realty Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024. View our IRT earnings forecast. How were Independence Realty Trust's earnings last quarter? Independence Realty Trust, Inc. (NYSE:IRT) announced its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Independence Realty Trust had a negative net margin of 1.26% and a negative trailing twelve-month return on equity of 0.23%. During the same period in the previous year, the firm earned $0.18 EPS. How often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust? Independence Realty Trust declared a quarterly dividend on Monday, March 11th. Shareholders of record on Friday, March 29th will be given a dividend of $0.16 per share on Friday, April 19th. This represents a $0.64 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, March 27th. Read our dividend analysis for IRT. Is Independence Realty Trust a good dividend stock? Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.69%. Read our dividend analysis for IRT. What ETFs hold Independence Realty Trust's stock? ETFs with the largest weight of Independence Realty Trust (NYSE:IRT) stock in their portfolio include Intelligent Real Estate ETF (PRVT), Residential REIT ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE), Hoya Capital Housing ETF (HOMZ), iShares Residential and Multisector Real Estate ETF (REZ), SPDR Dow Jones REIT ETF (RWR) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). What guidance has Independence Realty Trust issued on next quarter's earnings? Independence Realty Trust issued an update on its FY 2024 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of 1.120-1.160 for the period, compared to the consensus EPS estimate of 1.140. The company issued revenue guidance of -. What is Scott F. Schaeffer's approval rating as Independence Realty Trust's CEO? 6 employees have rated Independence Realty Trust Chief Executive Officer Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among the company's employees. What other stocks do shareholders of Independence Realty Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Realty Trust investors own include Annaly Capital Management (NLY), Energy Transfer (ET), AT&T (T), Government Properties Income Trust (GOV), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Ares Capital (ARCC), New Residential Investment (NRZ), Verizon Communications (VZ) and CBL & Associates Properties (CBL). Who are Independence Realty Trust's major shareholders? Independence Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.55%), Long Pond Capital LP (4.63%), Jennison Associates LLC (1.97%), Centersquare Investment Management LLC (0.58%), Principal Financial Group Inc. (0.38%) and Blair William & Co. IL (0.32%). 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. Compare Top Brokerages Here. 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