NYSE:IRTIndependence Realty Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Independence Realty Trust Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $10.17 -0.05 (-0.49 %) (As of 05/28/2020 04:00 PM ET) Add Compare Share Today's Range$10.01Now: $10.17▼$10.4250-Day Range$8.02MA: $9.46▼$10.2252-Week Range$6.86Now: $10.17▼$16.85Volume489,810 shsAverage Volume909,107 shsMarket Capitalization$963.18 millionP/E Ratio21.64Dividend Yield7.05%Beta1.18 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. 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.Read More Beat the Market (BTM) Rank™ 2.2 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.38, Independence Realty Trust has a potential upside of 21.7% from its current price of $10.17.Amount of Analyst CoverageIndependence Realty Trust has only been the subject of 2 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesIndependence Realty Trust has received 315 “outperform” votes. (Add your “outperform” vote.)Underperform VotesIndependence Realty Trust has received 383 “underperform” votes. (Add your “underperform” vote.)Community SentimentIndependence Realty Trust has received 54.87% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend LeadershipIndependence Realty Trust is a leading dividend payer. It pays a dividend yield of 7.05%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependence Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Independence Realty Trust is 94.74 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Independence Realty Trust will have a dividend payout ratio of 92.31 % in the coming year. This indicates that Independence Realty Trust may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have bought 73.77% more of their company's stock than they have sold. Specifically, they have bought $268,582.00 in company stock and sold $154,560.00 in company stock.Percentage Held by InsidersOnly 0.87% of the stock of Independence Realty Trust is held by insiders.Percentage Held by Institutions94.16% of the stock of Independence Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 6.85% in the coming year, from $0.73 to $0.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is 21.64, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is 21.64, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.37.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.15 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:IRT Previous Symbol CUSIPN/A CIK1466085 Webwww.irtliving.com Phone267-270-4800Debt Debt-to-Equity Ratio1.67 Current RatioN/A Quick RatioN/APrice-To-Earnings Trailing P/E Ratio21.64 Forward P/E Ratio13.93 P/E GrowthN/A Sales & Book Value Annual Sales$203.22 million Price / Sales4.74 Cash Flow$1.11 per share Price / Cash Flow9.19 Book Value$6.64 per share Price / Book1.53Profitability EPS (Most Recent Fiscal Year)$0.76 Net Income$45.90 million Net Margins20.98% Return on Equity6.99% Return on Assets2.55%Miscellaneous Employees451 Outstanding Shares94,708,000Market Cap$963.18 million Next Earnings Date7/29/2020 (Estimated) OptionableOptionable IRT Rates by TradingView Receive IRT News and Ratings via Email Sign-up to receive the latest news and ratings for IRT and its competitors with MarketBeat's FREE daily newsletter. Independence Realty Trust (NYSE:IRT) Frequently Asked Questions How has Independence Realty Trust's stock been impacted by COVID-19 (Coronavirus)? Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IRT stock has decreased by 19.0% and is now trading at $10.17. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of 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 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Independence Realty Trust. When is Independence Realty Trust's next earnings date? Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Independence Realty Trust. How were Independence Realty Trust's earnings last quarter? Independence Realty Trust Inc (NYSE:IRT) issued its earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.26 EPS for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.17. The real estate investment trust earned $51.43 million during the quarter, compared to analyst estimates of $52.28 million. Independence Realty Trust had a return on equity of 6.99% and a net margin of 20.98%. View Independence Realty Trust's earnings history. 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 Monday, March 16th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.18 per share on Friday, April 24th. This represents a $0.72 annualized dividend and a yield of 7.08%. The ex-dividend date is Wednesday, April 1st. View Independence Realty Trust's dividend history. What price target have analysts set for IRT? 6 equities research analysts have issued 1-year price targets for Independence Realty Trust's stock. Their forecasts range from $7.50 to $16.00. On average, they expect Independence Realty Trust's stock price to reach $12.38 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View analysts' price targets for Independence Realty Trust. Has Independence Realty Trust been receiving favorable news coverage? Media stories about IRT stock have been trending positive on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing 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 five, with scores nearest to five being the most favorable. Independence Realty Trust earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the company's share price in the near term. View the latest news aboutIndependence Realty Trust. Who are some of Independence Realty Trust's key competitors? Some companies that are related to Independence Realty Trust include Highwoods Properties (HIW), QTS Realty Trust (QTS), MGM Growth Properties (MGP), Physicians Realty Trust (DOC), PS Business Parks (PSB), Brixmor Property Group (BRX), Blackstone Mortgage Trust (BXMT), New Residential Investment (NRZ), Agree Realty (ADC), SL Green Realty (SLG), Rayonier (RYN), Great Portland Estates (GPEAF), Sabra Health Care REIT (SBRA), Corporate Office Properties Trust (OFC) and Howard Hughes (HHC). View all competitors. What other stocks do shareholders of Independence Realty Trust own? 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), AT&T (T), Government Properties Income Trust (GOV), New Residential Investment (NRZ), Equinix (EQIX), CBL & Associates Properties (CBL), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI) and Ares Capital (ARCC). Who are Independence Realty Trust's key executives? Independence Realty Trust's management team includes the following 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 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (17.62%), Alliancebernstein L.P. (6.38%), State Street Corp (5.25%), Nuveen Asset Management LLC (3.11%), Principal Financial Group Inc. (2.37%) and Wellington Management Group LLP (2.33%). Company insiders that own Independence Realty Trust stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg. View institutional ownership trends for Independence Realty Trust. Which institutional investors are selling Independence Realty Trust stock? IRT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Invesco Ltd., Cipher Capital LP, BlackRock Inc., Asset Management One Co. Ltd., First Trust Advisors LP, and UBS Group AG. View insider buying and selling activity for Independence Realty Trust. Which institutional investors are buying Independence Realty Trust stock? IRT stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wellington Management Group LLP, Ranger Global Real Estate Advisors LLC, Luminus Management LLC, Monarch Partners Asset Management LLC, State Street Corp, Russell Investments Group Ltd., and Pinz Capital Management LP. Company insiders that have bought Independence Realty Trust stock in the last two years include James J Sebra, Scott Schaeffer, and William C Dunkelberg. View insider buying and selling activity 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 $10.17. How big of a company is Independence Realty Trust? Independence Realty Trust has a market capitalization of $963.18 million and generates $203.22 million in revenue each year. The real estate investment trust earns $45.90 million in net income (profit) each year or $0.76 on an earnings per share basis. Independence Realty Trust employs 451 workers across the globe. What is Independence Realty Trust's official website? The official website for Independence Realty Trust is 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] This page was last updated on 5/28/2020 by MarketBeat.com Staff
