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NYSE:IRT

Independence Realty Trust (IRT) Stock Price, News & Analysis

Independence Realty Trust logo
$16.76 +0.13 (+0.79%)
Closing price 08/3/2026 03:59 PM Eastern
Extended Trading
$16.65 -0.11 (-0.66%)
As of 08/3/2026 07:37 PM 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.

About Independence Realty Trust Stock (NYSE:IRT)

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Key Stats

Today's Range
$16.57
$16.92
50-Day Range
$15.81
$17.39
52-Week Range
$14.60
$18.18
Volume
3.06 million shs
Average Volume
2.42 million shs
Market Capitalization
$3.95 billion
P/E Ratio
83.81
Dividend Yield
4.30%
Price Target
$19.64
Consensus Rating
Moderate Buy

Company Overview

Independence Realty Trust is a self-administered equity real estate investment trust that acquires, redevelops and manages multi-family communities. The company focuses on workforce housing, targeting Class A and B garden-style apartments in suburban and urban infill locations. Its core activities include sourcing value-add acquisitions, overseeing property renovations and delivering in-house property management services to optimize rental income and occupancy levels.

Headquartered in Wayne, Pennsylvania, Independence Realty Trust maintains a geographically diverse portfolio across several high-growth U.S. regions. Key markets include Florida, Georgia, Texas, North and South Carolina, Tennessee and the Mid-Atlantic states. The firm’s market selection strategy emphasizes proximity to major employment centers and demographic tailwinds, aiming to serve renters seeking quality housing within commuting distance of metropolitan areas.

Independence Realty Trust completed its initial public offering in 2014 and has since pursued a disciplined growth approach through strategic acquisitions and selective developments. The company’s internally managed structure allows for cohesive decision-making across investment, development and property management functions, supporting operational efficiency and responsiveness to evolving market conditions.

The company is led by a management team with extensive experience in real estate investment, development and property operations. Through its vertically integrated platform, Independence Realty Trust aims to generate long-term value for stakeholders by focusing on sustainable portfolio growth, asset-level enhancements and resident satisfaction.

AI Generated. May Contain Errors.

Independence Realty Trust Stock Analysis - MarketRank™

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79th Percentile Overall Score

IRT MarketRank™: 

Independence Realty Trust scored higher than 79% of companies evaluated by MarketBeat, and ranked 39th 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.

  • Consensus Rating

    Independence Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 1 strong buy rating, 6 buy ratings, 4 hold ratings, and no sell ratings.

  • Upside Potential

    Independence Realty Trust has a consensus price target of $19.64, representing about 17.2% upside from its current price of $16.76.

  • Amount of Analyst Coverage

    Independence Realty Trust has been the subject of 5 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 Growth

    Earnings for Independence Realty Trust are expected to grow by 3.51% in the coming year, from $1.14 to $1.18 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Independence Realty Trust is 83.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 40.23.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Independence Realty Trust is 83.81, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 36.10.

  • Price to Book Value per Share Ratio

    Independence Realty Trust has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    4.24% of the float of Independence Realty Trust has been sold short.
  • Short Interest Ratio / Days to Cover

    Independence Realty Trust has a short interest ratio ("days to cover") of 4.21.
  • Change versus previous month

    Short interest in Independence Realty Trust has recently decreased by 4.21%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Independence Realty Trust is a leading dividend payer. It pays a dividend yield of 4.33%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Independence Realty Trust has only been increasing its dividend for 3 years.

  • Dividend Coverage

    The dividend payout ratio of Independence Realty Trust is 360.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 61.02% 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 Sentiment

    Independence Realty Trust has a news sentiment score of 1.42. 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 0.79 average news sentiment score of Real Estate companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Independence Realty Trust this week, compared to 2 articles on an average week.
  • Search Interest

    6 people have searched for IRT on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Independence Realty Trust insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    0.69% of the stock of Independence Realty Trust is held by insiders.

  • Percentage Held by Institutions

    88.25% 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.
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IRT Stock News Headlines

Independence Realty Trust: Q2 Earnings Snapshot
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Independence Realty Trust (IRT) to Release Quarterly Earnings on Monday
Independence Realty Trust : IRT
See More Headlines

IRT Stock Analysis - Frequently Asked Questions

Independence Realty Trust's stock was trading at $17.49 on January 1st, 2026. Since then, IRT stock has decreased by 4.2% and is now trading at $16.7610.

Independence Realty Trust, Inc. (NYSE:IRT) released its earnings results on Wednesday, April, 29th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.23. The business's revenue for the quarter was up 2.7% compared to the same quarter last year.
Read the conference call transcript
.

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.

Independence Realty Trust's top institutional investors include Focus Financial Network Inc. (0.02%), Aurora Investment Managers LLC. (0.01%), Fulton Bank N.A. (0.01%) and Legacy Wealth Asset Management LLC. Insiders that own company stock include Scott Schaeffer and Richard D Gebert.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Independence Realty Trust investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM), Tesla (TSLA) and Home Depot (HD).

Company Calendar

Last Earnings
4/29/2026
Record date for 7/17 Dividend
6/26/2026
Ex-Dividend for 7/17 Dividend
6/26/2026
Dividend Payable
7/17/2026
Today
8/04/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Residential REITs
Sub-Industry
Multi-Family Residential REITs
Current Symbol
NYSE:IRT
CIK
1466085
Fax
N/A
Employees
920
Year Founded
2009

Price Target and Rating

High Price Target
$22.00
Low Price Target
$18.00
Potential Upside/Downside
+17.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

EPS (Trailing Twelve Months)
$0.20
Trailing P/E Ratio
83.81
Forward P/E Ratio
14.70
P/E Growth
N/A
Net Income
$56.56 million
Net Margins
7.27%
Pretax Margin
7.41%
Return on Equity
1.35%
Return on Assets
0.80%

Debt

Debt-to-Equity Ratio
0.69
Current Ratio
N/A
Quick Ratio
N/A

Sales & Book Value

Annual Sales
$657.70 million
Price / Sales
6.01
Cash Flow
$1.28 per share
Price / Cash Flow
13.10
Book Value
$15.01 per share
Price / Book
1.12

Miscellaneous

Outstanding Shares
235,750,000
Free Float
234,119,000
Market Cap
$3.95 billion
Optionable
Optionable
Beta
0.94

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This page (NYSE:IRT) was last updated on 8/4/2026 by MarketBeat.com Staff.
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