Independence Realty Trust Company Profile (NYSE:IRT)

About Independence Realty Trust

Independence Realty Trust logoIndependence 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
  • CUSIP:
Key Metrics:
  • Previous Close: $9.30
  • 50 Day Moving Average: $9.04
  • 200 Day Moving Average: $9.06
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 25.14
  • P/E Growth: 5.31
  • Market Cap: $N/A
Additional Links:

Analyst Ratings

Consensus Ratings for Independence Realty Trust (NYSE:IRT) (?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $9.50 (2.15% upside)

Analysts' Ratings History for Independence Realty Trust (NYSE:IRT)
Show:
DateFirmActionRatingPrice TargetDetails
1/12/2017Robert W. BairdInitiated CoverageOutperform$10.00View Rating Details
12/6/2016National SecuritiesUpgradeNeutral -> BuyView Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for Independence Realty Trust (NYSE:IRT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017        
2/16/2017Q416$0.16$0.17$38.72 million$38.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Independence Realty Trust (NYSE:IRT)
Current Year EPS Consensus Estimate: $0.32 EPS
Next Year EPS Consensus Estimate: $0.37 EPS

Dividends

Current Dividend Information for Independence Realty Trust (NYSE:IRT)
Annual Dividend:$0.72
Dividend Yield:7.74%
Dividend Growth:50.00% (3 Year Average)
Payout Ratio:225.00% (Based on Current Year Consensus EPS Estimate)
194.59% (Based on Next Year Consensus EPS Estimate)

Dividend History for Independence Realty Trust (NYSE:IRT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/13/2017monthly$0.068.04%1/27/20171/31/20172/15/2017
1/13/2017monthly$0.068.04%2/24/20172/28/20173/15/2017
1/13/2017monthly$0.068.04%3/29/20173/31/20174/17/2017
10/12/2016$0.0612/28/201612/30/20161/17/2017
10/12/2016$0.0611/28/201611/30/201612/15/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Independence Realty Trust (NYSE:IRT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Independence Realty Trust (NYSE:IRT)
DateHeadline
seekingalpha.com logoIndependent Realty Trust: The Management Internalization Caused Serious Pain - Seeking Alpha (NYSE:IRT)
seekingalpha.com - February 19 at 5:15 PM
reuters.com logoBRIEF-Independence Realty Trust Q4 loss per share $0.61 (NYSE:IRT)
www.reuters.com - February 16 at 4:51 PM
seekingalpha.com logoIndependence Realty Trust's (IRT) CEO Scott Schaeffer on Q4 2016 Results - Earnings Call Transcript (NYSE:IRT)
seekingalpha.com - February 16 at 4:51 PM
4-traders.com logoIndependence Realty Trust, Inc. (NYSEMKT:IRT) Files An 8-K Results of Operations and Financial Condition (NYSE:IRT)
www.4-traders.com - February 16 at 4:51 PM
capitalcube.com logoIndependence Realty Trust, Inc. : IRT-US: Dividend Analysis : January 31st, 2017 (record date) : By the numbers : February 16, 2017 (NYSE:IRT)
www.capitalcube.com - February 16 at 4:51 PM
biz.yahoo.com logoQ4 2016 Independence Realty Trust Inc Earnings Release - Before Market Open (NYSE:IRT)
us.rd.yahoo.com - February 16 at 8:08 AM
us.rd.yahoo.com logoIndependence Realty Trust Announces Fourth Quarter and Fiscal 2016 Financial Results (NYSE:IRT)
us.rd.yahoo.com - February 16 at 8:08 AM
News IconIndependence Realty Trust Inc (IRT) Set to Announce Earnings on Thursday (NYSE:IRT)
latribunadecanarias.com - February 15 at 12:24 AM
News IconIndependence Realty Trust Inc (IRT) Issues FY17 Earnings Guidance (NYSE:IRT)
discover-usa.net - January 15 at 10:37 PM
streetinsider.com logoIndependence Realty Trust (IRT) Declares $0.06 Monthly Dividend; 8% Yield (NYSE:IRT)
www.streetinsider.com - January 12 at 11:30 PM
capitalcube.com logoIndependence Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : IRT-US : December 12, 2016 (NYSE:IRT)
www.capitalcube.com - December 12 at 10:51 AM
News IconIndependence Realty Trust Inc (IRT) is Initiated by FBR Capital to Mkt Perform, Price Target at $7.50 - Los Angeles Mirror (NYSE:IRT)
www.losangelesmirror.net - April 9 at 2:53 PM
News IconIndependence Realty Trust Inc (IRT) Given Marketperform Rating at FBR & Co. - Washington News Wire (NYSE:IRT)
washingtonnewswire.com - April 9 at 2:53 PM
News IconIndependence Realty Trust Inc (NYSEMKT:IRT) Had Its Target Price per Share Decreased by 4.55% at Compass Point ... - Business Standard Tribune (NYSE:IRT)
www.standardtrib.com - February 22 at 2:59 PM
istreetwire.com logo3 Companies Report EPS Beat: Independence Realty Trust Inc (NYSEMKT:IRT), Atlas Air Worldwide Holdings Inc ... - iStreetWire (NYSE:IRT)
www.istreetwire.com - February 19 at 2:37 PM
businesswire.com logoIndependence Realty Trust Announces Fourth Quarter and Fiscal 2015 Financial Results - Business Wire (press release) (NYSE:IRT)
www.businesswire.com - February 19 at 2:37 PM
nasdaq.com logoIndependence Realty Trust Inc. Earnings Advance 123% In Q4 - Nasdaq (NYSE:IRT)
www.nasdaq.com - February 18 at 2:20 PM
seekingalpha.com logoIndependence Realty Trust's (IRT) CEO Scott Schaeffer on Q4 2015 Results - Earnings Call Transcript (NYSE:IRT)
seekingalpha.com - February 18 at 2:20 PM
nasdaq.com logoIndependence Realty Trust Inc. Earnings Advance 123% In Q4 (NYSE:IRT)
www.nasdaq.com - February 18 at 2:20 PM
finance.yahoo.com logoEdited Transcript of IRT earnings conference call or presentation 18-Feb-16 2:00pm GMT (NYSE:IRT)
finance.yahoo.com - February 18 at 1:12 PM
sg.finance.yahoo.com logoIndependence Realty Trust reports 4Q results (NYSE:IRT)
sg.finance.yahoo.com - February 18 at 9:01 AM
biz.yahoo.com logoINDEPENDENCE REALTY TRUST, INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement (NYSE:IRT)
biz.yahoo.com - February 18 at 8:39 AM
finance.yahoo.com logo8:04 am Independence Realty Trust beats by $0.01, reports revs in-line; guides FY16 FFO in-line (NYSE:IRT)
finance.yahoo.com - February 18 at 8:04 AM
News IconIndependence Realty Trust Incorporated (NYSEMKT:IRT) Shorts Decreased by 0.87% After Short Covering - fdanewsalert.com (NYSE:IRT)
www.fdanewsalert.com - February 15 at 1:09 PM
News IconCedar Realty Trust Inc (NYSE:IRT)
abruzzo.tv - February 12 at 1:45 PM
News IconIndependence Realty Trust Incorporated (NYSEMKT:IRT) Sellers Covered 6.39% of Their Shorts - fdanewsalert.com (NYSE:IRT)
www.fdanewsalert.com - February 10 at 1:40 PM
thestreet.com logoRSI Alert: Independence Realty Trust Now Oversold (NYSE:IRT)
www.thestreet.com - February 8 at 1:08 PM
News IconWatch for Action: Netgear (NASDAQ:NTGR), Independence Realty Trust (NYSEMKT:IRT), Dimension Therapeutics ... - Gaining Green (press release) (registration) (blog) (NYSE:IRT)
www.gaininggreen.com - February 6 at 1:27 PM
News IconCompany Shares of Independence Realty Trust, Inc. (NYSEMKT:IRT) Drops by -1.02% - Market Briefing (NYSE:IRT)
www.marketbriefing.net - January 31 at 6:56 PM
businesswire.com logoIndependence Realty Trust Schedules Fourth Quarter and Fiscal 2015 Financial Results Release Date and ... - Business Wire (press release) (NYSE:IRT)
www.businesswire.com - January 29 at 12:21 PM
News IconLatest News: Independence Realty Trust, Inc., Rexford Industrial Realty (NYSE:REXR), ACADIA Pharmaceuticals Inc ... - Property Mentor (NYSE:IRT)
www.propertymentorgroup.com - January 28 at 12:07 PM
nasdaq.com logoIndependence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for January 27, 2016 - Nasdaq (NYSE:IRT)
www.nasdaq.com - January 28 at 12:07 PM
News IconCompany Shares of Independence Realty Trust, Inc. (NYSEMKT:IRT) Drops by -1.43% - WallStreet Prudent (NYSE:IRT)
www.wallstreetprudent.com - January 25 at 11:40 AM
seekingalpha.com logoIndependence Realty Trust makes its case - Seeking Alpha (NYSE:IRT)
seekingalpha.com - January 20 at 6:41 PM
biz.yahoo.com logoINDEPENDENCE REALTY TRUST, INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:IRT)
biz.yahoo.com - January 20 at 6:08 AM
kcregister.com logoTrader's Watch List: Baytex Energy Corp. (NYSE:BTE), PROS Holdings, Inc. (NYSE ... - KC Register (NYSE:IRT)
www.kcregister.com - January 19 at 11:06 AM
News IconFirst Quarter Monthly Cash Dividends Announced by Independence Realty (NYSE:IRT)
www.realtytoday.com - January 16 at 7:46 PM
capitalcube.com logoIndependence Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : December 31, 2015 (NYSE:IRT)
www.capitalcube.com - December 31 at 8:05 AM
capitalcube.com logoIndependence Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : December 9, 2015 (NYSE:IRT)
www.capitalcube.com - December 9 at 8:41 AM
finance.yahoo.com logoINDEPENDENCE REALTY TRUST, INC Financials (NYSE:IRT)
finance.yahoo.com - December 8 at 1:17 PM
capitalcube.com logoIndependence Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : November 27, 2015 (NYSE:IRT)
www.capitalcube.com - November 27 at 9:24 AM
capitalcube.com logoIndependence Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : November 16, 2015 (NYSE:IRT)
www.capitalcube.com - November 16 at 10:28 AM
biz.yahoo.com logoINDEPENDENCE REALTY TRUST, INC Files SEC form 10-Q, Quarterly Report (NYSE:IRT)
biz.yahoo.com - November 9 at 5:42 PM
finance.yahoo.com logoDiverse Sectors Scrips under the Scanner - Research on Independence Realty Trust, Gain Capital, Primero Mining, and Covenant Transportation (NYSE:IRT)
finance.yahoo.com - November 5 at 8:30 AM
capitalcube.com logoIndependence Realty Trust, Inc. Earnings Q3, 2015 (NYSE:IRT)
www.capitalcube.com - November 3 at 1:38 PM
finance.yahoo.com logoEdited Transcript of IRT earnings conference call or presentation 30-Oct-15 1:00pm GMT (NYSE:IRT)
finance.yahoo.com - October 30 at 10:29 AM

Social

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 7.74%. 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 1-year price objectives for Independence Realty Trust's shares. Their predictions 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 many different of retail and institutional 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 $9.30.

Independence Realty Trust (NYSE:IRT) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Independence Realty Trust (NYSE:IRT)

Earnings History Chart

Earnings by Quarter for Independence Realty Trust (NYSE:IRT)

Dividend History Chart

Dividend Payments by Quarter for Independence Realty Trust (NYSE:IRT)

Last Updated on 2/19/2017 by MarketBeat.com Staff