About Independence Realty Trust
Independence Realty Trust, Inc. is an externally managed and advised apartment real estate investment trust (REIT). The Company's business consists of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. It owns and operates a portfolio of garden style and mid-rise apartment communities in the Southeastern United States. The Company's portfolio consists of approximately 50 apartment properties containing an aggregate of over 13,700 apartment units. The Company's portfolio has an average occupancy of approximately 93.6%. Its apartment properties include Belle Creek, Copper Mill, Crestmont, Cumberland Glen, Heritage Trace, Tresa at Arrowhead, Centrepoint, Augusta, Carrington Park, Arbors at the Reservoir, Walnut Hill, Lenoxplace, Stonebridge Crossing, Miller Creek at German Town, Pointe at Canyon Ridge, St James at Goose Creek and Talison Row at Daniel Island. It is managed by a subsidiary of RAIT Financial Trust (RAIT).
Industry, Sector and Symbol:
- Sector: N/A
- Industry: N/A
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: IRT
- Previous Close: $9.19
- 50 Day Moving Average: $9.16
- 200 Day Moving Average: $9.05
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 34.04
- P/E Growth: 6.80
- Market Cap: $N/A
What is Independence Realty Trust's stock symbol?
Independence Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRT."
How often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust?
Independence Realty Trust announced a monthly dividend on Friday, January 13th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.06 per share on Wednesday, February 15th. This represents a $0.72 annualized dividend and a yield of 7.83%. The ex-dividend date is Friday, January 27th.
Where is Independence Realty Trust's stock going? Where will Independence Realty Trust's stock price be in 2017?
2 analysts have issued 12-month target prices for Independence Realty Trust's shares. Their forecasts range from $9.00 to $10.00. On average, they anticipate Independence Realty Trust's share price to reach $9.50 in the next twelve months.
When will Independence Realty Trust announce their earnings?
Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Independence Realty Trust stock?
Here are some recent quotes from research analysts about Independence Realty Trust stock:
According to Zacks Investment Research, "Independence Realty Trust, Inc. is a real estate investment trust. It is focused on acquiring and owning well-located garden-style and mid-rise apartment properties. The Company owns apartment properties primarily in Arizona, Colorado, Georgia, Indiana, Texas and Virginia. Independence Realty Trust, Inc. is based in United States. " (1/11/2017)
National Securities analysts commented, "Call to Action: With IRT’s plate already full working towards the successful completion of the integration of its Trade Street Acquisition, the recent addition of an effort to internalize its management company will likely consume additional time from management, potentially distracting them from operations. Though we tend to favor smaller, growth oriented MF REITs operating in secondary and tertiary markets, additional operational improvements need to be seen to a warrant a ratings change. As such, we are maintaining our Neutral rating and $9.00 price target." (12/5/2016)
Who owns Independence Realty Trust stock?
Independence Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Highland Capital Management LP (0.00%), Vertex One Asset Management Inc. (0.00%), State Street Corp (0.00%), Chilton Capital Management LLC (0.00%), Endeavour Capital Advisors Inc. (0.00%) and Russell Investments Group Ltd. (0.00%).
Who sold Independence Realty Trust stock? Who is selling Independence Realty Trust stock?
Independence Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Highland Capital Management LP, Renaissance Technologies LLC, First Allied Advisory Services Inc., Bard Associates Inc., AQR Capital Management LLC and Guggenheim Capital LLC.
Who bought Independence Realty Trust stock? Who is buying Independence Realty Trust stock?
Independence Realty Trust's stock was bought by a variety of institutional investors in the last quarter, including Vertex One Asset Management Inc., Chilton Capital Management LLC, State Street Corp, Russell Investments Group Ltd., Ancora Advisors LLC, Dimensional Fund Advisors LP, Endeavour Capital Advisors Inc. and Asset Management One Co. Ltd..
How do I buy Independence Realty Trust stock?
Shares of Independence Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Independence Realty Trust stock cost?
One share of Independence Realty Trust stock can currently be purchased for approximately $9.19.