Independence Realty Trust (IRT) Expected to Announce Quarterly Earnings on Wednesday

Independence Realty Trust (NYSE:IRT - Get Free Report) is expected to be posting its Q3 2025 results after the market closes on Wednesday, October 29th. Analysts expect Independence Realty Trust to post earnings of $0.29 per share and revenue of $168.3050 million for the quarter. Independence Realty Trust has set its FY 2025 guidance at 1.195-1.215 EPS.Investors are encouraged to explore the company's upcoming Q3 2025 earningoverview page for the latest details on the call scheduled for Thursday, October 30, 2025 at 9:00 AM ET.

Independence Realty Trust (NYSE:IRT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Independence Realty Trust had a net margin of 4.31% and a return on equity of 0.78%. The company had revenue of $161.89 million during the quarter, compared to the consensus estimate of $164.78 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, analysts expect Independence Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Independence Realty Trust Stock Performance

Shares of IRT opened at $16.22 on Wednesday. Independence Realty Trust has a fifty-two week low of $15.87 and a fifty-two week high of $22.26. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 135.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. The firm has a 50-day simple moving average of $17.00 and a 200-day simple moving average of $17.78.

Independence Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 4.2%. Independence Realty Trust's dividend payout ratio is 566.67%.

Wall Street Analyst Weigh In

IRT has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Independence Realty Trust from $24.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Barclays cut their price target on shares of Independence Realty Trust from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised shares of Independence Realty Trust from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Compass Point raised shares of Independence Realty Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $22.00 to $24.00 in a report on Thursday, July 31st. Finally, UBS Group cut their price target on shares of Independence Realty Trust from $24.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Independence Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $22.14.

Institutional Trading of Independence Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its position in Independence Realty Trust by 0.3% during the second quarter. Alliancebernstein L.P. now owns 9,139,506 shares of the real estate investment trust's stock worth $161,678,000 after acquiring an additional 30,701 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Independence Realty Trust by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,935,487 shares of the real estate investment trust's stock valued at $62,320,000 after purchasing an additional 420,682 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Independence Realty Trust by 3.2% in the 2nd quarter. Bank of America Corp DE now owns 2,176,859 shares of the real estate investment trust's stock valued at $38,509,000 after purchasing an additional 66,655 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Independence Realty Trust in the 2nd quarter valued at $30,368,000. Finally, Invesco Ltd. boosted its holdings in shares of Independence Realty Trust by 13.0% in the 2nd quarter. Invesco Ltd. now owns 1,139,216 shares of the real estate investment trust's stock valued at $20,153,000 after purchasing an additional 131,444 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company's stock.

About Independence Realty Trust

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.

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