NYSE:IRT - Independence Realty Trust Stock Price, News, & Analysis

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$10.07 -0.18 (-1.76 %)
(As of 12/13/2018 08:48 AM ET)
Previous Close$10.25
Today's Range$10.06 - $10.36
52-Week Range$8.26 - $10.59
Volume386,304 shs
Average Volume383,010 shs
Market Capitalization$911.44 million
P/E Ratio13.79
Dividend Yield7.02%
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that currently owns and operates 59 multifamily apartment properties, totaling 16,120 units, across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return of capital through distributions and capital appreciation.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Current SymbolNYSE:IRT
Previous Symbol


Debt-to-Equity Ratio1.51
Current Ratio0.24
Quick Ratio0.24


Trailing P/E Ratio13.79
Forward P/E Ratio13.61
P/E GrowthN/A

Sales & Book Value

Annual Sales$160.50 million
Price / Sales5.58
Cash Flow$0.7892 per share
Price / Cash Flow12.76
Book Value$7.74 per share
Price / Book1.30


EPS (Most Recent Fiscal Year)$0.73
Net Income$30.20 million
Net Margins9.81%
Return on Equity2.83%
Return on Assets1.15%


Outstanding Shares88,920,000
Market Cap$911.44 million

Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

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 quarterly dividend on Tuesday, September 18th. Shareholders of record on Friday, October 5th will be paid a dividend of $0.18 per share on Friday, October 19th. This represents a $0.72 annualized dividend and a yield of 7.15%. The ex-dividend date is Thursday, October 4th. 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 Thursday, November, 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.14. The real estate investment trust earned $48.78 million during the quarter, compared to analyst estimates of $47.84 million. Independence Realty Trust had a net margin of 9.81% and a return on equity of 2.83%. View Independence Realty Trust's Earnings History.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for Independence Realty Trust.

What guidance has Independence Realty Trust issued on next quarter's earnings?

Independence Realty Trust updated its FY 2018 earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $0.74-0.75 for the period.

What price target have analysts set for IRT?

6 brokers have issued 12-month price targets for Independence Realty Trust's shares. Their forecasts range from $10.00 to $11.00. On average, they expect Independence Realty Trust's stock price to reach $10.4375 in the next year. This suggests a possible upside of 3.6% from the stock's current price. View Analyst Price Targets for Independence Realty Trust.

What is the consensus analysts' recommendation for Independence Realty Trust?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independence Realty Trust.

Has Independence Realty Trust been receiving favorable news coverage?

News articles about IRT stock have been trending neutral on Thursday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Independence Realty Trust earned a daily sentiment score of 0.3 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the stock's share price in the next several days.

Who are some of Independence Realty Trust's key competitors?

Who are Independence Realty Trust's key executives?

Independence Realty Trust's management team includes the folowing people:
  • Mr. Scott F. Schaeffer, Chairman & CEO (Age 56)
  • Mr. Farrell M. Ender, Pres (Age 42)
  • Mr. James J. Sebra, CFO & Treasurer (Age 42)
  • Mr. Jason R. Delozier, Chief Accounting Officer (Age 34)
  • Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets

Who are Independence Realty Trust's major shareholders?

Independence Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.54%), Vanguard Group Inc. (10.79%), Alliancebernstein L.P. (6.32%), Renaissance Technologies LLC (3.08%), Jennison Associates LLC (1.97%) and Mirae Asset Global Investments Co. Ltd. (1.79%). Company insiders that own Independence Realty Trust stock include James J Sebra, Richard H Ross and Scott Schaeffer. View Institutional Ownership Trends for Independence Realty Trust.

Which major investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including Highland Capital Management LP, Barings LLC, First Trust Advisors LP, Orinda Asset Management LLC, Blair William & Co. IL, Russell Investments Group Ltd., JPMorgan Chase & Co. and JPMorgan Chase & Co.. View Insider Buying and Selling for Independence Realty Trust.

Which major investors are buying Independence Realty Trust stock?

IRT stock was acquired by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., BlackRock Inc., Renaissance Technologies LLC, Wells Fargo & Company MN, Morgan Stanley, Legal & General Group Plc, Vanguard Group Inc. and Columbia Partners L.L.C. Investment Management. Company insiders that have bought Independence Realty Trust stock in the last two years include James J Sebra and Scott Schaeffer. View Insider Buying and Selling for Independence Realty Trust.

How do I buy shares of Independence Realty Trust?

Shares of IRT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Independence Realty Trust's stock price today?

One share of IRT stock can currently be purchased for approximately $10.07.

How big of a company is Independence Realty Trust?

Independence Realty Trust has a market capitalization of $911.44 million and generates $160.50 million in revenue each year. The real estate investment trust earns $30.20 million in net income (profit) each year or $0.73 on an earnings per share basis. Independence Realty Trust employs 421 workers across the globe.

What is Independence Realty Trust's official website?

The official website for Independence Realty Trust is http://www.irtliving.com.

How can I contact Independence Realty Trust?

Independence Realty Trust's mailing address is Two Liberty Place 50 S. 16th Street Suite 3575, Philadelphia PA, 19102. The real estate investment trust can be reached via phone at 267-270-4800 or via email at [email protected]

MarketBeat Community Rating for Independence Realty Trust (NYSE IRT)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  250 (Vote Outperform)
Underperform Votes:  281 (Vote Underperform)
Total Votes:  531
MarketBeat's community ratings are surveys of what our community members think about Independence Realty Trust and other stocks. Vote "Outperform" if you believe IRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/13/2018 by MarketBeat.com Staff

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