About Independence Realty Trust (IRT)
Independence Realty Trust, Inc. is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets. As of December 31, 2016, the Company managed approximately 15,000 apartment units, including 12,982 units owned by it. Its properties include Copper Mill, Crestmont, Heritage Trace, Runaway Bay, Berkshire Square, The Crossings, Reserve at Eagle Ridge, Windrush, Heritage Park, Raindance, Augusta, Invitational, Carrington Park, Walnut Hill, Lenoxplace, Bennington Pond, Jamestown, Meadows, Oxmoor, Bayview Club, Arbors River Oaks, Fox Trails, Bridge Pointe, The Aventine Greenville and Westmont Commons.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: N/A
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: IRT
- CUSIP: N/A
- Previous Close: $9.20
- 50 Day Moving Average: $9.24
- 200 Day Moving Average: $8.96
- 52-Week Range: $7.04 - $10.70
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 31.72
- P/E Growth: 6.87
- Market Cap: $632.18M
- Outstanding Shares: 68,715,000
Companies Related to Independence Realty Trust:
Earnings History for Independence Realty Trust (NYSE:IRT)Earnings History by Quarter for Independence Realty Trust (NYSE:IRT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/2/2017|| || || || || || || || |
|2/16/2017||Q416||$0.16||$0.17||$38.72 million||$38.00 million||View||N/A|
|10/28/2016||Q316||$0.21||$0.21||$38.95 million||$38.40 million||View||Listen|
|8/3/2016||Q216||$0.21||$0.22||$38.13 million||$38.27 million||View||N/A|
|5/4/2016||Q116||$0.21||$0.21||$39.18 million||$38.67 million||View||N/A|
|2/18/2016||Q415||$0.21||$0.22||$39.93 million||$39.70 million||View||Listen|
|10/30/2015||Q315||$0.20||$0.20||$26.77 million||$25.50 million||View||Listen|
|7/29/2015||Q215||$0.19||$0.19||$22.41 million||$22.80 million||View||Listen|
|5/1/2015||Q115||$0.20||$0.19||$22.17 million||$21.70 million||View||N/A|
|2/25/2015||Q414||$0.14||$0.17||$16.37 million||$16.40 million||View||N/A|
|10/31/2014||Q314||$0.15||$0.17||$13.30 million||$13.10 million||View||N/A|
|8/1/2014||Q2||$0.18||$0.19||$11.95 million||$11.60 million||View||Listen|
|5/8/2014||Q1||$0.15||$0.17||$7.89 million||$8.14 million||View||Listen|
Earnings Estimates for Independence Realty Trust (NYSE:IRT)
Current Year EPS Consensus Estimate: $0.27 EPS
Next Year EPS Consensus Estimate: $0.29 EPS
Current Dividend Information for Independence Realty Trust (NYSE:IRT)
|Dividend Growth:||50.00% (3 Year Average)|
|Payout Ratio:||266.67% (Based on This Year's Estimates)|
248.28% (Based on Next Year's Estimates)
Dividend History by Quarter for Independence Realty Trust (NYSE:IRT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Independence Realty Trust (NYSE:IRT)Insider Trades by Quarter for Independence Realty Trust (NYSE:IRT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/7/2016||Scott Schaeffer||CEO||Buy||10,000||$8.42||$84,200.00|| |
|11/4/2016||Farrell M Ender||President||Buy||2,000||$7.90||$15,800.00|| |
|11/4/2016||James J Sebra||CFO||Buy||2,500||$7.90||$19,750.00|| |
|11/2/2016||Mack D Pridgen III||Director||Buy||1,351||$8.03||$10,848.53|| |
|10/5/2016||Rait Financial Trust||Major Shareholder||Sell||7,269,719||$8.55||$62,156,097.45|| |
|5/17/2016||Scott Schaeffer||CEO||Buy||12,000||$7.67||$92,040.00|| |
|5/17/2016||Sharon M Tsao||Director||Buy||1,000||$7.75||$7,750.00|| |
|2/23/2016||Richard H Ross||Director||Sell||16,000||$6.43||$102,880.00|| |
|12/8/2015||Richard H Ross||Director||Buy||1,000||$7.50||$7,500.00|| |
|6/12/2015||Robert F Mccadden||Director||Buy||2,000||$8.39||$16,780.00|| |
|6/4/2015||Sharon M Tsao||Director||Buy||1,000||$8.55||$8,550.00|| |
|6/3/2015||Farrell M Ender||President||Buy||3,000||$8.68||$26,040.00|| |
|7/21/2014||Rait Financial Trust||Major Shareholder||Buy||300,000||$9.50||$2,850,000.00|| |
|1/29/2014||Rait Financial Trust||major shareholder||Buy||1,204,819||$8.30||$9,999,997.70|| |
|8/16/2013||James J Sebra||CFO||Buy||1,000||$8.50||$8,500.00|| |
|8/16/2013||Rait Financial Trust||Major Shareholder||Buy||170,000||$8.50||$1,445,000.00|| |
|8/16/2013||Robert F Mccadden||Director||Buy||5,000||$8.50||$42,500.00|| |
Headline Trends for Independence Realty Trust (NYSE:IRT)
Latest Headlines for Independence Realty Trust (NYSE:IRT)
|$38.53 Million in Sales Expected for Independence Realty Trust Inc (IRT) This Quarter|
www.americanbankingnews.com - April 28 at 5:45 PM
|Somewhat Favorable Media Coverage Extremely Likely to Affect Independence Realty Trust (IRT) Stock Price|
www.americanbankingnews.com - April 27 at 2:01 PM
|Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for April 26, 2017 - Nasdaq|
www.nasdaq.com - April 27 at 8:50 AM
|Independence Realty Trust Inc (IRT) Expected to Post Earnings of $0.17 Per Share|
www.americanbankingnews.com - April 26 at 9:09 AM
|Independence Realty Trust Inc (IRT) Short Interest Update|
www.americanbankingnews.com - April 25 at 9:16 PM
|Somewhat Critical Press Coverage Extremely Likely to Impact Independence Realty Trust (IRT) Share Price|
www.americanbankingnews.com - April 24 at 1:32 PM
|Zacks Investment Research Downgrades Independence Realty Trust Inc (IRT) to Sell|
www.americanbankingnews.com - April 23 at 10:34 PM
|Favorable Press Coverage Very Likely to Impact Independence Realty Trust (IRT) Stock Price|
www.americanbankingnews.com - April 21 at 9:58 PM
|Independence Realty Trust Inc (IRT) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - April 21 at 12:23 PM
|Independence Realty Trust Schedules First Quarter 2017 Financial Results Release Date and Conference Call - Business Wire (press release)|
www.businesswire.com - April 19 at 10:54 PM
|Independence Realty Trust Schedules First Quarter 2017 Financial Results Release Date and Conference Call|
finance.yahoo.com - April 19 at 11:20 AM
|Independence Realty Trust (IRT) Receiving Positive Press Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 18 at 12:00 PM
|Independence Realty Trust (IRT) Earning Favorable Press Coverage, Report Shows|
www.americanbankingnews.com - April 15 at 3:38 PM
|Zacks Investment Research Upgrades Independence Realty Trust Inc (IRT) to "Hold"|
www.americanbankingnews.com - April 14 at 12:28 AM
|Independence Realty Trust Inc Announces Monthly Dividend of $0.06 (IRT)|
www.americanbankingnews.com - April 13 at 5:50 PM
|Independence Realty Trust Inc (IRT) Declares Monthly Dividend of $0.06|
www.americanbankingnews.com - April 13 at 5:50 PM
|Independence Realty Trust (IRT) Declares $0.06 Monthly Dividend; 7.7% Yield - StreetInsider.com|
www.streetinsider.com - April 13 at 5:44 PM
|Independence Realty Trust (IRT) Declares $0.06 Monthly Dividend; 7.7% Yield|
www.streetinsider.com - April 13 at 9:24 AM
|Independence Realty Trust Inc (IRT) Short Interest Down 14.4% in March|
www.americanbankingnews.com - April 11 at 7:36 PM
|Independence Realty Trust Inc (IRT) Upgraded by Zacks Investment Research to "Hold"|
www.americanbankingnews.com - April 9 at 12:28 AM
|Independence Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : IRT-US : April 6, 2017|
finance.yahoo.com - April 7 at 10:29 AM
|Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for March 29, 2017 - Nasdaq|
www.nasdaq.com - March 28 at 10:37 PM
|High-Yield REIT Stock Pays 8%, Strong Growth, Good Dividend Coverage, Pays Monthly|
seekingalpha.com - March 27 at 5:33 PM
|Independence Realty Trust Inc (IRT) Given Average Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - March 27 at 2:34 PM
|Independence Realty Trust Inc (IRT) Sees Large Increase in Short Interest|
www.americanbankingnews.com - March 24 at 5:22 PM
|Brokerages Anticipate Independence Realty Trust Inc (IRT) to Post $0.17 Earnings Per Share|
www.americanbankingnews.com - March 24 at 12:41 PM
|Independence Realty Trust Inc (IRT) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - March 23 at 12:21 AM
|Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for February 24, 2017 - Nasdaq|
www.nasdaq.com - February 25 at 12:16 AM
|Independent Realty Trust: The Management Internalization Caused Serious Pain - Seeking Alpha|
seekingalpha.com - February 19 at 5:15 PM
|BRIEF-Independence Realty Trust Q4 loss per share $0.61|
www.reuters.com - February 16 at 4:51 PM
|Independence Realty Trust's (IRT) CEO Scott Schaeffer on Q4 2016 Results - Earnings Call Transcript|
seekingalpha.com - February 16 at 4:51 PM
|Q4 2016 Independence Realty Trust Inc Earnings Release - Before Market Open|
us.rd.yahoo.com - February 16 at 8:08 AM
|Independence Realty Trust Announces Fourth Quarter and Fiscal 2016 Financial Results|
us.rd.yahoo.com - February 16 at 8:08 AM
|Independence Realty Trust (IRT) Declares $0.06 Monthly Dividend; 8% Yield|
www.streetinsider.com - January 12 at 11:30 PM
|Independence Realty Trust Announces Fourth Quarter and Fiscal 2015 Financial Results - Business Wire (press release)|
www.businesswire.com - February 19 at 2:37 PM
|Independence Realty Trust Inc. Earnings Advance 123% In Q4 - Nasdaq|
www.nasdaq.com - February 18 at 2:20 PM
|Independence Realty Trust's (IRT) CEO Scott Schaeffer on Q4 2015 Results - Earnings Call Transcript|
seekingalpha.com - February 18 at 2:20 PM
|Independence Realty Trust Inc. Earnings Advance 123% In Q4|
www.nasdaq.com - February 18 at 2:20 PM
|Edited Transcript of IRT earnings conference call or presentation 18-Feb-16 2:00pm GMT|
finance.yahoo.com - February 18 at 1:12 PM
|INDEPENDENCE REALTY TRUST, INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement|
biz.yahoo.com - February 18 at 8:39 AM
|8:04 am Independence Realty Trust beats by $0.01, reports revs in-line; guides FY16 FFO in-line|
finance.yahoo.com - February 18 at 8:04 AM
|RSI Alert: Independence Realty Trust Now Oversold|
www.thestreet.com - February 8 at 1:08 PM
|Independence Realty Trust Schedules Fourth Quarter and Fiscal 2015 Financial Results Release Date and ... - Business Wire (press release)|
www.businesswire.com - January 29 at 12:21 PM
|Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for January 27, 2016 - Nasdaq|
www.nasdaq.com - January 28 at 12:07 PM
|Independence Realty Trust makes its case - Seeking Alpha|
seekingalpha.com - January 20 at 6:41 PM
|INDEPENDENCE REALTY TRUST, INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits|
biz.yahoo.com - January 20 at 6:08 AM
|INDEPENDENCE REALTY TRUST, INC Financials|
finance.yahoo.com - December 8 at 1:17 PM
|INDEPENDENCE REALTY TRUST, INC Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - November 9 at 5:42 PM
|Diverse Sectors Scrips under the Scanner - Research on Independence Realty Trust, Gain Capital, Primero Mining, and Covenant Transportation|
finance.yahoo.com - November 5 at 8:30 AM
|Edited Transcript of IRT earnings conference call or presentation 30-Oct-15 1:00pm GMT|
finance.yahoo.com - October 30 at 10:29 AM
Frequently Asked Questions for Independence Realty Trust (NYSE:IRT)
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 Thursday, April 13th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.06 per share on Thursday, June 15th. This represents a $0.72 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date is Friday, May 26th.
How were Independence Realty Trust's earnings last quarter?
Independence Realty Trust Inc (NYSE:IRT) issued its quarterly earnings data on Thursday, February, 16th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.01. The company had revenue of $38 million for the quarter, compared to analyst estimates of $38.72 million. Independence Realty Trust's revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share.
When will Independence Realty Trust make its next earnings announcement?
Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What guidance has Independence Realty Trust issued on next quarter's earnings?
Independence Realty Trust updated its FY17 earnings guidance on Thursday, February, 16th. The company provided EPS guidance of $0.72-0.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76.
Where is Independence Realty Trust's stock going? Where will Independence Realty Trust's stock price be in 2017?
3 equities research analysts have issued 12 month target prices for Independence Realty Trust's stock. Their predictions range from $9.00 to $10.00. On average, they anticipate Independence Realty Trust's stock price to reach $9.50 in the next twelve months.
What are analysts saying about Independence Realty Trust stock?
Here are some recent quotes from research analysts about Independence Realty Trust stock:
- 1. 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. " (4/26/2017)
- 2. 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)
Are investors shorting Independence Realty Trust?
Independence Realty Trust saw a increase in short interest in April. As of April 13th, there was short interest totalling 1,939,317 shares, an increase of 6.2% from the March 31st total of 1,826,670 shares. Based on an average daily trading volume, of 344,037 shares, the short-interest ratio is currently 5.6 days. Currently, 2.8% of the shares of the stock are short sold.
Who owns Independence Realty Trust stock?
Independence Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Orinda Asset Management LLC (0.00%), State of New Jersey Common Pension Fund D (1.28%), Foundry Partners LLC (0.00%), Russell Investments Group Ltd. (0.65%), Nationwide Fund Advisors (0.00%) and Strs Ohio (0.16%). Company insiders that own Independence Realty Trust stock include Farrell M Ender, James J Sebra, Mack D Pridgen III, Rait Financial Trust, Richard H Ross, Robert F Mccadden, Scott Schaeffer and Sharon M Tsao.
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 Emerald Advisers Inc. PA, Eidelman Virant Capital, Nationwide Fund Advisors, Russell Investments Group Ltd., Wells Fargo & Company MN, Sheets Smith Wealth Management, Independent Portfolio Consultants Inc. and Nisa Investment Advisors 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 Shell Asset Management Co., Orinda Asset Management LLC, Arete Wealth Advisors LLC, Kissinger Financial Services LLC, State of New Jersey Common Pension Fund D and Strs Ohio. Company insiders that have bought Independence Realty Trust stock in the last two years include Farrell M Ender, James J Sebra, Mack D Pridgen III, Richard H Ross, Robert F Mccadden, Scott Schaeffer and Sharon M Tsao.
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 $9.20.
Independence Realty Trust (IRT) Chart for Saturday, April, 29, 2017