NYSE:IRT Independence Realty Trust (IRT) Stock Price, News & Analysis $14.75 -0.10 (-0.67%) As of 10:21 AM Eastern This is a fair market value 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$14.70▼$14.8650-Day Range$14.45▼$17.2452-Week Range$14.33▼$17.79Volume171,638 shsAverage Volume2.91 million shsMarket Capitalization$3.48 billionP/E Ratio81.83Dividend Yield4.88%Price Target$19.61Consensus RatingModerate Buy Company Overview Independence Realty Trust, Inc. is a real estate investment trust that owns, operates and manages multifamily apartment communities in the United States. The company focuses primarily on well-located properties in the Sun Belt and other attractive growth markets, serving residents seeking conventional apartment housing. Its portfolio includes apartment communities with a range of unit types and resident amenities. Independence Realty Trust’s activities include leasing and managing properties, maintaining and improving communities, and pursuing acquisitions, dispositions and renovation initiatives intended to support the long-term performance of its residential portfolio. Founded in 2009, the company has expanded through portfolio growth and strategic transactions, including its combination with Steadfast Apartment REIT in 2022. Independence Realty Trust is headquartered in Philadelphia, Pennsylvania, and is led by Chief Executive Officer Scott Schaeffer.AI Generated. May Contain Errors. Read More Independence Realty Trust Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks94th Percentile Overall ScoreIRT MarketRank™: 4.687170010555 of 5 starsIndependence Realty Trust scored higher than 94% of companies evaluated by MarketBeat, and ranked 37th out of 185 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 $19.72, representing about 32.9% upside from its current price of $14.84.Amount of Analyst CoverageIndependence Realty Trust has been the subject of 6 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 Valuation2.5 / 5Proj. Earnings Growth2.63% Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 2.63% in the coming year, from $1.14 to $1.17 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is 12.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 35.76.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is 12.89, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 21.02.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 0.99. 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 Shorted8.19% 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 5.08.Change versus previous monthShort interest in Independence Realty Trust has recently increased by 21.82%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend LeadershipIndependence Realty Trust is a leading dividend payer. It pays a dividend yield of 4.86%, 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 61.54% 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 Media4.0 / 5News Sentiment1.33 News SentimentIndependence Realty Trust has a news sentiment score of 1.33. 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 0.63 average news sentiment score of Real Estate companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Independence Realty Trust this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Independence Realty Trust to their MarketBeat watchlist in the last 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 13 at 3:04 PM | businesswire.comIndependence Realty Trust, Inc. (NYSE:IRT) Stock Rated "Moderate Buy" by Sell-Side BrokeragesOctober 11 at 2:28 AM | americanbankingnews.comThe AI Infrastructure Play Kevin O'Leary Is BackingKevin O'Leary became a strategic investor in a NASDAQ-listed AI infrastructure company, calling it essentially a power company. The firm expects up to 190 MW of Nordic data center capacity approaching ready-for-service status by 2027-2028, as similar capacity has recently been valued at roughly $1.7 million to $2 million per MW annually. Google plans to invest $15 billion in Finland's AI infrastructure, with Cerebras also building a 165 MW facility nearby.October 14 at 1:00 AM | The Tomorrow Investor (Ad)Independence Realty Trust (NYSE:IRT) Hits New 12-Month Low - Here's WhyOctober 10, 2026 | americanbankingnews.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.comActivist Irenic plans to vote against Independence Realty's purchase of CenterspaceSeptember 29, 2026 | msn.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 beginning of 2026. Since then, IRT shares have decreased by 15.2% and is now trading at $14.8350. How were Independence Realty Trust's earnings last quarter? Independence Realty Trust, Inc. (NYSE:IRT) issued 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. The firm's quarterly revenue was up 3.2% on a year-over-year basis. Read the conference call transcript. When did Independence Realty Trust IPO? Independence Realty Trust (IRT) raised $42 million in an 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? Top institutional investors of Independence Realty Trust include Congress Asset Management Co. (0.52%), Pensionfund PDN (0.01%), B. Riley Wealth Advisors Inc. (0.01%) and GAMMA Investing LLC. 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 Record date for 7/17 Dividend6/26/2026Ex-Dividend for 7/17 Dividend6/26/2026Dividend Payable7/17/2026Last Earnings8/03/2026Record date for 10/23 Dividend9/30/2026Ex-Dividend for 10/23 Dividend9/30/2026Today10/14/2026Dividend Payable10/23/2026Next Earnings (Estimated)11/04/2026Fiscal 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 (14m+) 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 14 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$19.72 High Price Target$22.00 Low Price Target$18.00 Potential Upside/Downside+33.9%Consensus RatingModerate Buy Rating Score (0-4)2.77 Research Coverage13 Analysts Profitability EPS (Trailing Twelve Months)$0.18 Trailing P/E Ratio81.83 Forward P/E Ratio12.92 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$657.70 million Price / Sales5.28 Cash Flow$1.26 per share Price / Cash Flow11.68 Book Value$15.01 per share Price / Book0.98Miscellaneous Outstanding Shares235,730,000Free Float234,100,000Market Cap$3.47 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. Discover 10 stocks set to benefit from powerful trends in AI infrastructure, cloud computing, energy, capital returns, and consumer growth this fall.Get This Free Report This page (NYSE:IRT) was last updated on 10/14/2026 by MarketBeat.com Staff. From Our PartnersElon Musk’s One Stock Retirement PlanJeff Brown picked Nvidia in 2016, before it surged 37,000 percent. 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