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Independence Realty Trust Stock Price, Forecast & Analysis (NYSE:IRT)

$14.37
-0.37 (-2.51 %)
(As of 11/21/2019 02:09 PM ET)
Today's Range
$14.37
Now: $14.37
$14.76
50-Day Range
$14.17
MA: $14.76
$15.25
52-Week Range
$8.75
Now: $14.37
$15.89
Volume112,262 shs
Average Volume474,206 shs
Market Capitalization$1.31 billion
P/E Ratio19.42
Dividend Yield4.88%
Beta0.77
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that currently owns and operates 58 multifamily apartment properties, totaling 15,880 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. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone267-270-4800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$190.71 million
Cash Flow$0.81 per share
Book Value$7.09 per share

Profitability

Net Income$26.29 million

Miscellaneous

Employees451
Market Cap$1.31 billion
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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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 Thursday, September 12th. Stockholders of record on Friday, September 27th will be given a dividend of $0.18 per share on Friday, October 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Thursday, September 26th. View Independence Realty Trust's Dividend History.

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust Inc (NYSE:IRT) issued its quarterly earnings data on Wednesday, October, 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.01. The real estate investment trust earned $51.30 million during the quarter, compared to analyst estimates of $51.69 million. Independence Realty Trust had a net margin of 18.23% and a return on equity of 5.97%. 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 Thursday, February 20th 2020. View Earnings Estimates for Independence Realty Trust.

What price target have analysts set for IRT?

7 Wall Street analysts have issued 1-year price objectives for Independence Realty Trust's shares. Their forecasts range from $10.50 to $14.00. On average, they expect Independence Realty Trust's stock price to reach $11.70 in the next year. This suggests that the stock has a possible downside of 18.6%. View Analyst Price Targets for Independence Realty Trust.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independence Realty Trust.

Has Independence Realty Trust been receiving favorable news coverage?

Media headlines about IRT stock have been trending positive on Thursday, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Independence Realty Trust earned a news impact score of 3.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Independence Realty Trust.

Are investors shorting Independence Realty Trust?

Independence Realty Trust saw a decline in short interest in October. As of October 15th, there was short interest totalling 2,500,000 shares, a decline of 17.5% from the September 15th total of 3,030,000 shares. Based on an average daily volume of 547,700 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.8% of the shares of the company are sold short. View Independence Realty Trust's Current Options Chain.

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

What other stocks do shareholders of Independence Realty Trust own?

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 57)
  • Mr. Farrell M. Ender, Pres (Age 43)
  • Mr. James J. Sebra, CFO & Treasurer (Age 43)
  • Mr. Jason R. Delozier, Chief Accounting Officer (Age 35)
  • 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 number of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.79%), State of New Jersey Common Pension Fund D (0.69%), Dalton Greiner Hartman Maher & Co. (0.55%), Manning & Napier Group LLC (0.39%), Rhumbline Advisers (0.33%) and First Trust Advisors LP (0.31%). 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 State of New Jersey Common Pension Fund D, Manning & Napier Group LLC, Taylor Frigon Capital Management LLC, Congress Asset Management Co. MA, Atlantic Union Bankshares Corp, Strs Ohio, Arrow Investment Advisors LLC and SG Americas Securities LLC. View Insider Buying and Selling for Independence Realty Trust.

Which major investors are buying Independence Realty Trust stock?

IRT stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Russell Investments Group Ltd., Arlington Capital Management Inc., First Trust Advisors LP, Dalton Greiner Hartman Maher & Co., Virginia Retirement Systems ET AL, New York State Teachers Retirement System and Nisa Investment Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Independence Realty Trust's stock price today?

One share of IRT stock can currently be purchased for approximately $14.37.

How big of a company is Independence Realty Trust?

Independence Realty Trust has a market capitalization of $1.31 billion and generates $190.71 million in revenue each year. The real estate investment trust earns $26.29 million in net income (profit) each year or $0.74 on an earnings per share basis. Independence Realty Trust employs 451 workers across the globe.View Additional Information About Independence Realty Trust.

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 1835 Market Street Suite 2601, Philadelphia PA, 19103. 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:  2.2 out of 5 (star star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  362 (Vote Underperform)
Total Votes:  653
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 11/21/2019 by MarketBeat.com Staff

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