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

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

Independence Realty Trust announced 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 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Thursday, September 26th. View Independence Realty Trust's Dividend History.

Independence Realty Trust Inc (NYSE:IRT) released its quarterly earnings results on Wednesday, October, 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.01. The real estate investment trust earned $51.30 million during the quarter, compared to the consensus estimate 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.

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Independence Realty Trust.

7 analysts have issued 12 month price targets for Independence Realty Trust's shares. Their forecasts range from $10.50 to $14.00. On average, they anticipate Independence Realty Trust's stock price to reach $11.70 in the next year. This suggests that the stock has a possible downside of 20.6%. View Analyst Price Targets 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.

Media stories about IRT stock have trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie 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 positive five, with scores closest to five being the most favorable. Independence Realty Trust earned a media sentiment score of -3.9 on InfoTrie's scale. They also gave news coverage 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 impact on the stock's share price in the near term. View News Stories for Independence Realty Trust.

Independence Realty Trust saw a decline in short interest in the month of 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 short-interest ratio is presently 4.6 days. Currently, 2.8% of the company's shares are sold short. View Independence Realty Trust's Current Options Chain.

Some companies that are related to Independence Realty Trust include First Industrial Realty Trust (FR), JBG SMITH Properties (JBGS), Eastgroup Properties (EGP), Rexford Industrial Realty (REXR), Life Storage (LSI), Howard Hughes (HHC), Blackstone Mortgage Trust (BXMT), Highwoods Properties (HIW), PS Business Parks (PSB), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), Sabra Health Care REIT (SBRA), CoreSite Realty (COR), Stag Industrial (STAG) and Rayonier (RYN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Realty Trust investors own include ANNALY CAP MGMT/SH (NLY), Energy Transfer LP Unit (ET), Government Properties Income Trust (GOV), AT&T (T), Equinix (EQIX), New Residential Investment (NRZ), CBL & Associates Properties (CBL), Verizon Communications (VZ), Ares Capital (ARCC) and Medical Properties Trust (MPW).

Independence Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (5.51%), Phocas Financial Corp. (1.34%), Russell Investments Group Ltd. (0.79%), State of New Jersey Common Pension Fund D (0.69%), Dalton Greiner Hartman Maher & Co. (0.55%) and Manning & Napier Group LLC (0.39%). 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.

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, Barclays PLC, Atlantic Union Bankshares Corp, Strs Ohio and Arrow Investment Advisors LLC. View Insider Buying and Selling for Independence Realty Trust.

IRT stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, 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 and New York State Teachers Retirement System. 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.

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.

One share of IRT stock can currently be purchased for approximately $14.74.

Independence Realty Trust has a market capitalization of $1.34 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.

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

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]