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Independence Realty Trust - IRT Stock Forecast, Price & News

$17.22
-0.11 (-0.63%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$17.18
$17.46
50-Day Range
$15.05
$18.12
52-Week Range
$15.04
$28.42
Volume
1.51 million shs
Average Volume
3.23 million shs
Market Capitalization
$3.86 billion
P/E Ratio
28.23
Dividend Yield
3.23%
Price Target
$24.83

Independence Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
44.2% Upside
$24.83 Price Target
Short Interest
Healthy
1.90% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.54
Upright™ Environmental Score
News Sentiment
1.31mentions of Independence Realty Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.11%
From $1.08 to $1.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Finance Sector

74th out of 872 stocks

Real Estate Investment Trusts Industry

20th out of 192 stocks

IRT stock logo

About Independence Realty Trust (NYSE:IRT) Stock

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties 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 on capital through distributions and capital appreciation.

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IRT Stock News Headlines

IRT Independence Realty Trust, Inc.
Independence Realty Trust is Oversold
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IRT Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 10/21 Dividend
9/29/2022
Dividend Payable
10/21/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
937
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$24.83
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+44.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$44.59 million
Pretax Margin
21.30%

Debt

Sales & Book Value

Annual Sales
$250.25 million
Cash Flow
$0.54 per share
Book Value
$16.50 per share

Miscellaneous

Free Float
222,774,000
Market Cap
$3.86 billion
Optionable
Optionable
Beta
0.95

Key Executives

  • Mr. Scott F. Schaeffer (Age 60)
    Chairman & CEO
    Comp: $2.41M
  • Mr. Farrell M. Ender (Age 46)
    Pres
    Comp: $1.05M
  • Mr. James J. Sebra (Age 46)
    CFO & Treasurer
    Comp: $1.05M
  • Mr. Jason R. Delozier (Age 38)
    Chief Accounting Officer & Controller
    Comp: $624.62k
  • Ms. Jessica K. Norman (Age 39)
    Chief Legal Officer & Sec.
    Comp: $805.62k
  • Ms. Ella Shaw Neyland (Age 67)
    COO & Director
  • Mr. Ted McHugh
    SVP, Edelman Financial Communications & Capital Markets
  • Alex Jorgensen
    Investor Relations Officer













IRT Stock - Frequently Asked Questions

Should I buy or sell Independence Realty Trust stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IRT shares.
View IRT analyst ratings
or view top-rated stocks.

What is Independence Realty Trust's stock price forecast for 2023?

9 Wall Street research analysts have issued 12 month target prices for Independence Realty Trust's stock. Their IRT share price forecasts range from $20.00 to $30.00. On average, they expect the company's stock price to reach $24.83 in the next twelve months. This suggests a possible upside of 44.2% from the stock's current price.
View analysts price targets for IRT
or view top-rated stocks among Wall Street analysts.

How have IRT shares performed in 2022?

Independence Realty Trust's stock was trading at $25.83 at the beginning of 2022. Since then, IRT stock has decreased by 33.3% and is now trading at $17.22.
View the best growth stocks for 2022 here
.

Are investors shorting Independence Realty Trust?

Independence Realty Trust saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 4,260,000 shares, a decline of 8.6% from the October 31st total of 4,660,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is currently 2.1 days.
View Independence Realty Trust's Short Interest
.

When is Independence Realty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our IRT earnings forecast
.

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust, Inc. (NYSE:IRT) announced its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Independence Realty Trust had a net margin of 20.68% and a trailing twelve-month return on equity of 3.04%. During the same period in the prior year, the firm earned $0.18 earnings per share.

How often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust?

Independence Realty Trust announced a quarterly dividend on Monday, September 12th. Investors of record on Friday, September 30th will be given a dividend of $0.14 per share on Friday, October 21st. This represents a $0.56 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for IRT
.

Is Independence Realty Trust a good dividend stock?

Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 91.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IRT will have a dividend payout ratio of 46.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRT.

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

Independence Realty Trust updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $1.07-$1.08 for the period, compared to the consensus estimate of $1.08. The company issued revenue guidance of -.

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.

What other stocks do shareholders of Independence Realty Trust own?
What is Independence Realty Trust's stock symbol?

Independence Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRT."

Who are Independence Realty Trust's major shareholders?

Independence Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.44%), BlackRock Inc. (13.40%), State Street Corp (5.74%), Long Pond Capital LP (4.57%), Macquarie Group Ltd. (2.59%) and Alliancebernstein L.P. (2.03%). Insiders that own company stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Independence Realty Trust's stock price today?

One share of IRT stock can currently be purchased for approximately $17.22.

How much money does Independence Realty Trust make?

Independence Realty Trust (NYSE:IRT) has a market capitalization of $3.86 billion and generates $250.25 million in revenue each year. The real estate investment trust earns $44.59 million in net income (profit) each year or $0.61 on an earnings per share basis.

How many employees does Independence Realty Trust have?

The company employs 937 workers across the globe.

How can I contact Independence Realty Trust?

Independence Realty Trust's mailing address is 1835 Market Street Suite 2601, Philadelphia PA, 19103. The official website for the company is www.irtliving.com. The real estate investment trust can be reached via phone at (267) 270-4800 or via email at irt@edelman.com.

This page (NYSE:IRT) was last updated on 12/6/2022 by MarketBeat.com Staff