NYSE:IRT Independence Realty Trust (IRT) Stock Price, News & Analysis → It’s now possible to know the win rate of every trade… BEFORE you take it! (From WealthPress) (Ad) Free IRT Stock Alerts $15.86 +0.20 (+1.28%) (As of 04/26/2024 ET) Add Compare Share Share Today's Range$15.69▼$16.0250-Day Range$14.48▼$16.6952-Week Range$11.61▼$18.77Volume1.77 million shsAverage Volume2.33 million shsMarket Capitalization$3.57 billionP/E RatioN/ADividend Yield4.04%Price Target$17.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Independence Realty Trust alerts: Email Address Independence Realty Trust MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside7.2% Upside$17.00 Price TargetShort InterestHealthy3.26% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.54Upright™ Environmental ScoreNews Sentiment0.77Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth10.53%From $1.14 to $1.26 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.3.98 out of 5 starsFinance Sector319th out of 857 stocksReal Estate Investment Trusts Industry67th out of 177 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 only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.26% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independence Realty Trust has recently decreased by 20.67%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipIndependence Realty Trust is a leading dividend payer. It pays a dividend yield of 4.04%, 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 50.79% next year. This indicates that Independence Realty Trust will be able to sustain or increase its 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 3.8 News and Social Media Coverage News SentimentIndependence Realty Trust has a news sentiment score of 0.77. 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 0.46 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Independence Realty Trust this week, compared to 3 articles on an average week.Search Interest1 people have searched for IRT on MarketBeat in the last 30 days. MarketBeat Follows5 people have added Independence Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 150% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 10.53% in the coming year, from $1.14 to $1.26 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is -528.49, 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 -528.49, 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 2.32. 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 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Prosper Trading AcademyThese AI trades triggered this morning (545% return)If you think a market crash is possible in 2024, I don't know why you're not using this yet. Click Here To Get Your Free Copy 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 HeadlinesApril 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 28, 2024 | Tranzact (Ad)What is Medicare Supplement Insurance?Original Medicare helps covers a lot of hospital and medical services, but it still leaves some out- of- pocket medical costs to recipients. Make sure your family’s nest egg is protected from unpredictable medical expenses. Consider applying for a Medicare Supplement Insurance Plan that travels with you. 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 StrategyApril 28, 2024 | Tranzact (Ad)What is Medicare Supplement Insurance?Original Medicare helps covers a lot of hospital and medical services, but it still leaves some out- of- pocket medical costs to recipients. Make sure your family’s nest egg is protected from unpredictable medical expenses. Consider applying for a Medicare Supplement Insurance Plan that travels with you. March 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 GuidanceFebruary 15, 2024 | markets.businessinsider.comBuy Rating Affirmed for Independence Realty Trust on Strong Financials and Growth ProspectsFebruary 14, 2024 | finance.yahoo.comIndependence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial ResultsFebruary 14, 2024 | businesswire.comIndependence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial ResultsJanuary 30, 2024 | seekingalpha.comAvalonBay, IRT, NXRT, AMH nab Buy ratings at Deutsche BankJanuary 25, 2024 | finance.yahoo.comIndependence Realty Trust Announces Tax Treatment of Dividends in 2023See 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 Payable4/19/2024Today4/28/2024Next 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+7.2%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.03) Trailing P/E RatioN/A Forward P/E Ratio13.91 P/E Growth2.32Net Income$-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 / Sales5.40 Cash Flow$0.91 per share Price / Cash Flow17.38 Book Value$15.81 per share Price / Book1.00Miscellaneous Outstanding Shares225,080,000Free Float223,774,000Market Cap$3.57 billion OptionableOptionable Beta1.07 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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 CompetitorsMacerichNYSE:MACCousins PropertiesNYSE:CUZSL Green RealtyNYSE:SLGBlackstone Mortgage TrustNYSE:BXMTApple Hospitality REITNYSE:APLEView All CompetitorsInstitutional OwnershipPeregrine Capital Management LLCSold 28,725 shares on 4/26/2024Ownership: 0.212%Yousif Capital Management LLCSold 2,473 shares on 4/26/2024Ownership: 0.045%Verdence Capital Advisors LLCSold 6,216 shares on 4/26/2024Ownership: 0.007%New York State Teachers Retirement SystemSold 10,600 shares on 4/25/2024Ownership: 0.190%Investment Advisory Services Inc. TX ADVSold 2,485 shares on 4/25/2024Ownership: 0.011%View All Institutional Transactions IRT Stock Analysis - Frequently Asked Questions Should I buy or sell Independence Realty Trust stock right now? 5 Wall Street 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 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 brokerages have issued 12-month price targets for Independence Realty Trust's stock. Their IRT share price targets range from $15.00 to $18.00. On average, they predict the company's share price to reach $17.00 in the next year. This suggests a possible upside of 7.2% from the stock's current price. 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 the year. Since then, IRT stock has increased by 3.7% and is now trading at $15.86. View the best growth stocks for 2024 here. Are investors shorting Independence Realty Trust? Independence Realty Trust saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 7,330,000 shares, a decrease of 20.7% from the March 31st total of 9,240,000 shares. Based on an average trading volume of 2,300,000 shares, the short-interest ratio is currently 3.2 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 quarterly earnings data 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 trailing twelve-month return on equity of 0.23% and a negative net margin of 1.26%. During the same quarter in the previous year, the company earned $0.18 earnings per share. How often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust? Independence Realty Trust announced a quarterly dividend on Monday, March 11th. Stockholders 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 4.04%. The ex-dividend date 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 4.04%. IRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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) and iShares Residential and Multisector Real Estate ETF (REZ).SPDR Dow Jones REIT ETF (RWR). 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 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 retail and institutional investors. Top institutional shareholders include Cambridge Investment Research Advisors Inc. (0.29%), Peregrine Capital Management LLC (0.21%), New York State Teachers Retirement System (0.19%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Congress Asset Management Co. MA (0.06%) and State of Alaska Department of Revenue (0.06%). 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. This page (NYSE:IRT) was last updated on 4/28/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? 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