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: Financials
- Industry: Residential REITs
- Sub-Industry: N/A
- Symbol: NYSE:IRT
- CUSIP: N/A
- Web: www.irtreit.com/
- Market Cap: $680.2 million
- Outstanding Shares: 69,126,000
- 50 Day Moving Avg: $9.51
- 200 Day Moving Avg: $9.19
- 52 Week Range: $7.37 - $10.70
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 33.93
- P/E Growth: 5.63
- Annual Revenue: $153.86 million
- Price / Sales: 4.42
- Book Value: $7.25 per share
- Price / Book: 1.36
- EBIDTA: $30.14 million
- Net Margins: 10.85%
- Return on Equity: 3.25%
- Return on Assets: 1.31%
- Average Volume: 732,109 shs.
- Short Ratio: 3.1
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 declared a monthly dividend on Thursday, April 13th. Investors 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 annualized dividend and a yield of 7.32%. The ex-dividend date is Friday, May 26th. View Independence Realty Trust's Dividend History.
How were Independence Realty Trust's earnings last quarter?
Independence Realty Trust Inc (NYSE:IRT) released its earnings results on Tuesday, May, 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The company earned $38.90 million during the quarter, compared to analysts' expectations of $38.53 million. Independence Realty Trust had a net margin of 10.85% and a return on equity of 3.25%. During the same quarter in the previous year, the business earned $0.21 EPS. View Independence Realty Trust's Earnings History.
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 1-year price objectives for Independence Realty Trust's stock. Their forecasts range from $9.00 to $11.50. On average, they expect Independence Realty Trust's share price to reach $10.17 in the next year. View Analyst Ratings for Independence Realty Trust.
Are investors shorting Independence Realty Trust?
Independence Realty Trust saw a increase in short interest in May. As of May 31st, there was short interest totalling 3,356,959 shares, an increase of 16.1% from the May 15th total of 2,892,138 shares. Based on an average daily trading volume, of 1,756,080 shares, the days-to-cover ratio is currently 1.9 days. Currently, 4.9% of the company's stock are sold short.
Who are some of Independence Realty Trust's key competitors?
Some companies that are related to Independence Realty Trust include ARMOUR Residential REIT (ARR), New Senior Investment Group (SNR), Altisource Residential Corporation (RESI), Campus Crest Communities (CCG), NexPoint Residential Trust (NXRT), NexPoint Residential Trust (NXRT), American Residential Properties (ARPI), Preferred Apartment Communities (APTS), Bluerock Residential Growth REIT (BRG), Colony Capital (CLNY), Home Properties (HME), Post Properties (PPS) and Silver Bay Realty Trust Corp (SBY).
Who are Independence Realty Trust's key executives?
Independence Realty Trust's management team includes the folowing people:
- Scott F. Schaeffer, Chairman of the Board, Chief Executive Officer
- Farrell M. Ender, President
- James J. Sebra, Chief Financial Officer, Treasurer
- Mack D. Pridgen III, Director
- Richard H. Ross CPA, Director
- William C. Dunkelberg Ph.D., Independent Director
- Robert F. McCadden, Independent Director
- Melinda H. McClure, Independent Director
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 Vanguard Group Inc. (0.00%), Alliancebernstein L.P. (0.00%), State Street Corp (2.69%), LSV Asset Management (2.42%), Hilton Capital Management LLC (1.74%) and Orinda Asset Management LLC (0.00%). 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, Scott Schaeffer and Sharon M Tsao. View Institutional Ownership Trends for Independence Realty Trust.
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, Morgan Stanley, Renaissance Technologies LLC, TIAA CREF Investment Management LLC, Eidelman Virant Capital, Prudential Financial Inc., Credit Suisse AG and Nationwide Fund Advisors. View Insider Buying and Selling for Independence Realty Trust.
Who bought Independence Realty Trust stock? Who is buying Independence Realty Trust stock?
Independence Realty Trust's stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Principal Financial Group Inc., PVG Asset Management Corp, Vanguard Group Inc., Dimensional Fund Advisors LP, LSV Asset Management, Rational Advisors LLC and Shell Asset Management Co.. 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, Scott Schaeffer and Sharon M Tsao. View Insider Buying and Selling for Independence Realty Trust.
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.
What is Independence Realty Trust's stock price today?
MarketBeat Community Rating for Independence Realty Trust (NYSE IRT)MarketBeat's community ratings are surveys of what our community members think about Independence Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Independence Realty Trust stock can currently be purchased for approximately $9.84.
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||Q1 2017||$0.18||$0.18||$38.53 million||$38.90 million||View||Listen|
|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: $0.35 EPS
Next Year EPS Consensus Estimate: $0.29 EPS
Current Dividend Information for Independence Realty Trust (NYSE:IRT)
|Most Recent Dividend:||6/15/2017|
|Dividend Growth:||50.00% (3 Year Average)|
|Payout Ratio:||205.71% (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)
|Independence Realty Trust Announces Completion of Shared Services Period with RAIT Financial Trust - Business Wire (press release)|
www.businesswire.com - June 20 at 11:54 PM
|BRIEF-Independence Realty Trust says increased size of board to seven|
www.reuters.com - June 20 at 6:52 PM
|Independence Realty Trust (IRT) Appoints Melinda McClure as Independent Director|
www.streetinsider.com - June 20 at 6:52 PM
|Independence Realty Trust Announces Completion of Shared Services Period with RAIT Financial Trust|
finance.yahoo.com - June 20 at 6:52 PM
|Independence Realty Trust (IRT) Appoints Melinda McClure as Independent Director - StreetInsider.com|
www.streetinsider.com - June 20 at 3:04 AM
|Independence Realty Trust Announces Appointment of Independent Director|
finance.yahoo.com - June 19 at 10:03 PM
|Better Than Buying An Apartment Complex: 3 REITs Paying Up To 7.3%|
finance.yahoo.com - June 18 at 9:14 AM
|FBR Capital Upgrades Independence Realty Trust (IRT) to Outperform|
www.streetinsider.com - June 17 at 4:54 AM
|Independence Realty Trust Inc (IRT) Expected to Announce Quarterly Sales of $39.39 Million|
www.americanbankingnews.com - June 15 at 10:00 AM
|Independence Realty Trust Inc (IRT) Lifted to "Outperform" at FBR & Co|
www.americanbankingnews.com - June 15 at 8:58 AM
| Brokerages Expect Independence Realty Trust Inc (IRT) to Post $0.19 Earnings Per Share|
www.americanbankingnews.com - June 13 at 6:26 PM
|Short Interest in Independence Realty Trust Inc (IRT) Rises By 16.1%|
www.americanbankingnews.com - June 9 at 5:18 PM
|Earn A Monthly 7.5% Yield From Rentals - Seeking Alpha|
seekingalpha.com - May 26 at 6:43 PM
|IHS Markit Set to Join S&P 500; TEGNA and Cars.com to Join S&P ... - PR Newswire (press release)|
www.prnewswire.com - May 26 at 2:31 AM
|Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for May 26, 2017 - Nasdaq|
www.nasdaq.com - May 26 at 2:31 AM
|Independence Realty Trust Acquires 160 Unit Apartment Property in Lexington, KY.|
finance.yahoo.com - May 26 at 2:31 AM
|IHS Markit (INFO) to Join S&P 500; TEGNA (TGNA) and Cars.com (CARS) to Join S&P MidCap 400; JC Penney (JCP ... - StreetInsider.com|
www.streetinsider.com - May 24 at 5:54 PM
|Independence Realty Trust to Present at NAREIT's REITWeek 2017 - Business Wire (press release)|
www.businesswire.com - May 24 at 11:27 AM
|Independence Realty Trust to Present at NAREIT’s REITWeek 2017|
finance.yahoo.com - May 23 at 5:32 PM
|$0.19 Earnings Per Share Expected for Independence Realty Trust Inc (IRT) This Quarter|
www.americanbankingnews.com - May 17 at 12:24 AM
|Independence Realty Trust: A Cheap Option That Pays You To Wait|
seekingalpha.com - May 16 at 10:59 AM
|Research Reports Coverage on REIT Stocks -- Camden Property Trust, Independence Realty Trust, ARMOUR Residential REIT, and EdR|
www.bizjournals.com - May 12 at 3:36 PM
|Research Reports Coverage on REIT Stocks -- Camden Property Trust, Independence Realty Trust, ARMOUR ... - PR Newswire (press release)|
www.prnewswire.com - May 12 at 3:36 PM
|Independence Realty Trust Inc (IRT) Sees Significant Growth in Short Interest|
www.americanbankingnews.com - May 9 at 6:56 PM
|BRIEF-Independence Realty Trust sells 320 unit apartment property in Austin, Texas for $32 mln|
www.reuters.com - May 8 at 5:37 PM
|Independence Realty Trust Sells 320 Unit Apartment Property in Austin, Texas for $32 Million - Business Wire (press release)|
www.businesswire.com - May 8 at 5:37 PM
|Independence Realty Trust Announces Relocation to New Corporate Headquarters|
finance.yahoo.com - May 8 at 5:37 PM
|Independence Realty Trust Sells 320 Unit Apartment Property in Austin, Texas for $32 Million|
finance.yahoo.com - May 8 at 5:37 PM
|Independence Realty Trust Inc (IRT) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - May 6 at 12:36 AM
|Independence Realty Trust Inc (IRT) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - May 6 at 12:32 AM
|Independence Realty Trust reports 1Q results - Yahoo Finance|
finance.yahoo.com - May 4 at 6:07 PM
|BRIEF-Independence Realty Trust says entered into a credit agreement|
www.reuters.com - May 4 at 11:30 AM
|Edited Transcript of IRT earnings conference call or presentation 2-May-17 1:30pm GMT|
finance.yahoo.com - May 3 at 10:45 PM
|Somewhat Positive News Coverage Very Likely to Impact Independence Realty Trust (IRT) Share Price|
www.americanbankingnews.com - May 3 at 9:40 PM
|Independence Realty Trust Inc (IRT) Announces Quarterly Earnings Results, Hits Expectations|
www.americanbankingnews.com - May 2 at 5:32 PM
|Independence Realty Trust's (IRT) CEO Scott Schaeffer on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 2 at 4:25 PM
|Independence Realty Trust FFO in-line, beats on revenue|
seekingalpha.com - May 2 at 10:34 AM
|Independence Realty Trust Announces First Quarter 2017 Financial Results and Closes Refinancing of Existing Line of ... - Business Wire (press release)|
www.businesswire.com - May 2 at 10:34 AM
|CORRECTING and REPLACING Independence Realty Trust Announces First Quarter 2017 Financial Results and Closes Refinancing of Existing Line of Credit|
finance.yahoo.com - May 2 at 10:34 AM
|Independence Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : IRT-US : May 1, 2017|
finance.yahoo.com - May 1 at 1:16 PM
|Independence Realty Trust (IRT) Getting Favorable News Coverage, Study Finds|
www.americanbankingnews.com - April 30 at 2:23 PM
|$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 (IRT) Chart for Monday, June, 26, 2017