NYSE:IRT Independence Realty Trust (IRT) Stock Price, News & Analysis $18.89 +0.40 (+2.16%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$18.51▼$18.9650-Day Range$15.85▼$19.2652-Week Range$11.61▼$19.51Volume1.76 million shsAverage Volume2.39 million shsMarket Capitalization$4.25 billionP/E RatioN/ADividend Yield3.39%Price Target$17.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Independence Realty Trust alerts: Email Address Independence Realty Trust MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside10.0% Downside$17.00 Price TargetShort InterestHealthy4.22% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.54Upright™ Environmental ScoreNews Sentiment1.39Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth6.14%From $1.14 to $1.21 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.41 out of 5 starsFinance Sector387th out of 898 stocksReal Estate Investment Trusts Industry74th out of 181 stocks 1.3 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 4 buy ratings, no hold ratings, and 1 sell rating.Amount of Analyst CoverageIndependence Realty Trust has received no research coverage in the past 90 days.Read more about Independence Realty Trust's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.22% of the outstanding shares of Independence Realty Trust have been sold short.Short Interest Ratio / Days to CoverIndependence Realty Trust has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independence Realty Trust has recently decreased by 11.87%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldIndependence Realty Trust pays a meaningful dividend of 3.38%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependence Realty Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 52.89% 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. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIndependence Realty Trust has received a 21.61% net impact score from Upright. Independence Realty seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in apartment buildings", "Real estate funds investing in rental apartments", and "Residential real estate leasing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Independence Realty Trust is -3.54. Previous Next 3.0 News and Social Media Coverage News SentimentIndependence Realty Trust has a news sentiment score of 1.39. 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 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Independence Realty Trust this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added Independence Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.58% of the stock of Independence Realty Trust is held by insiders.Percentage Held by Institutions88.25% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 6.14% in the coming year, from $1.14 to $1.21 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is -629.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is -629.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioIndependence Realty Trust has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Independence Realty Trust's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsNvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.Find out details on these three critical Nvidia partners immediately. About Independence Realty Trust Stock (NYSE:IRT)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. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.Read More IRT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IRT Stock News HeadlinesJuly 24 at 5:33 AM | americanbankingnews.comIndependence Realty Trust (IRT) Set to Announce Quarterly Earnings on WednesdayJuly 22, 2024 | bizjournals.comBirmingham apartment complex sells for over $70MJuly 26, 2024 | Monument Traders Alliance (Ad)NEW AI developed by trader who won 1,129% (in 2 days)Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... LIVE in front of thousands of Americans...July 19, 2024 | finance.yahoo.comIndependence Realty Trust, Inc. (IRT)July 5, 2024 | businesswire.comIndependence Realty Trust Announces Second Quarter 2024 Earnings Release and Conference Call DatesJune 10, 2024 | businesswire.comIndependence Realty Trust Announces Second Quarter 2024 DividendJune 3, 2024 | businesswire.comIndependence Realty Trust to Participate in Nareit's REITweek 2024 Investor ConferenceMay 2, 2024 | seekingalpha.comIndependence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving OccupancyJuly 26, 2024 | Monument Traders Alliance (Ad)NEW AI developed by trader who won 1,129% (in 2 days)Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... LIVE in front of thousands of Americans...April 30, 2024 | finance.yahoo.comIndependence Realty Trust, Inc. (NYSE:IRT) Q1 2024 Earnings Call TranscriptApril 27, 2024 | seekingalpha.comIndependence Realty Trust, Inc. (IRT) Q1 2024 Earnings Call TranscriptApril 26, 2024 | finance.yahoo.comIndependence Realty Trust Inc (IRT) (Q1 2024) Earnings Call Transcript Highlights: Strong ...April 25, 2024 | finance.yahoo.comQ1 2024 Independence Realty Trust Inc Earnings CallApril 24, 2024 | businesswire.comIndependence Realty Trust Announces First Quarter 2024 Financial ResultsApril 11, 2024 | finance.yahoo.comThese REITs Yield 4% or More and Have Been Growing Their DividendsApril 8, 2024 | businesswire.comIndependence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call DatesApril 2, 2024 | finance.yahoo.comIndependence Realty Trust Completes Sale of Three Additional Properties as Part of Portfolio Optimization and Deleveraging StrategyMarch 16, 2024 | nasdaq.comIRT Makes Notable Cross Below Critical Moving AverageSee More Headlines Receive IRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independence Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/03/2022Ex-Dividend for 7/19 Dividend6/28/2024Dividend Payable7/19/2024Today7/26/2024Next Earnings (Confirmed)7/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:IRT CUSIPN/A CIK1466085 Webwww.irtliving.com Phone(267) 270-4800FaxN/AEmployees920Year FoundedN/APrice Target and Rating Average Stock Price Target$17.00 High Stock Price Target$18.00 Low Stock Price Target$15.00 Potential Upside/Downside-10.0%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.03) Trailing P/E RatioN/A Forward P/E Ratio16.57 P/E Growth2.77Net Income$-17,230,000.00 Net Margins-1.26% Pretax Margin-1.32% Return on Equity-0.23% Return on Assets-0.13% Debt Debt-to-Equity Ratio0.62 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$660.98 million Price / Sales6.43 Cash Flow$0.91 per share Price / Cash Flow20.73 Book Value$15.88 per share Price / Book1.19Miscellaneous Outstanding Shares225,080,000Free Float223,775,000Market Cap$4.25 billion OptionableOptionable Beta1.14 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Scott F. Schaeffer (Age 62)President, CEO & Chairman Comp: $2.17MMr. James J. Sebra (Age 48)CFO & Treasurer Comp: $1.06MMr. Jason R. Delozier (Age 40)Chief Accounting Officer & Controller Comp: $720.8kMs. Michele R. Weisbaum (Age 63)General Counsel Comp: $242.2kMike DaleyExecutive Vice President of Operations & PeopleJosh KulickExecutive Vice President of Technology & InnovationMr. Ted McHughInvestor Relation Officer of Edelman SmithfieldMr. Pete RushingSenior Vice President of Sales & MarketingMs. Ella Shaw Neyland (Age 69)Consultant Comp: $1.69MJanice RichardsSenior Vice President of OperationsMore ExecutivesKey CompetitorsThe Carlyle GroupNASDAQ:CGGaming and Leisure PropertiesNASDAQ:GLPIJefferies Financial GroupNYSE:JEFEssential Properties Realty TrustNYSE:EPRTStepStone GroupNASDAQ:STEPView All CompetitorsInstitutional OwnershipCambridge Investment Research Advisors Inc.Sold 38,079 shares on 7/26/2024Ownership: 0.272%State of Michigan Retirement SystemSold 1,000 shares on 7/26/2024Ownership: 0.024%Harbour Investments Inc.Sold 4,616 shares on 7/26/2024Ownership: 0.017%Allspring Global Investments Holdings LLCBought 33,783 shares on 7/26/2024Ownership: 0.016%Bailard Inc.Bought 11,000 shares on 7/26/2024Ownership: 0.005%View All Institutional Transactions IRT Stock Analysis - Frequently Asked Questions How have IRT shares performed this year? Independence Realty Trust's stock was trading at $15.30 at the beginning of 2024. Since then, IRT shares have increased by 23.5% and is now trading at $18.89. View the best growth stocks for 2024 here. How were Independence Realty Trust's earnings last quarter? Independence Realty Trust, Inc. (NYSE:IRT) issued its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. Independence Realty Trust had a negative trailing twelve-month return on equity of 0.23% and a negative net margin of 1.26%. What is Scott F. Schaeffer's approval rating as Independence Realty Trust's CEO? 6 employees have rated Independence Realty Trust Chief Executive Officer Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among the company's employees. Who are Independence Realty Trust's major shareholders? Top institutional investors of Independence Realty Trust include Bank of New York Mellon Corp (1.10%), Cambridge Investment Research Advisors Inc. (0.27%), New York State Teachers Retirement System (0.18%) and Retirement Systems of Alabama (0.12%). View institutional ownership trends. How do I buy shares of Independence Realty Trust? 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. Compare Top Brokerages Here. What other stocks do shareholders of Independence Realty Trust own? Based on aggregate information from My MarketBeat watchlists, some other companies that Independence Realty Trust investors own include Annaly Capital Management (NLY), Energy Transfer (ET), AT&T (T), Government Properties Income Trust (GOV), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI) and Ares Capital (ARCC). 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