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 declared a quarterly dividend on Monday, December 16th. Investors of record on Thursday, December 26th will be given a dividend of $0.18 per share on Friday, January 24th. This represents a $0.72 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Tuesday, December 24th. This is an increase from Independence Realty Trust's previous quarterly dividend of $0.06. View Independence Realty Trust's Dividend History.

Independence Realty Trust Inc (NYSE:IRT) announced its quarterly earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.17. The real estate investment trust earned $51.43 million during the quarter, compared to analysts' expectations of $52.28 million. Independence Realty Trust had a net margin of 22.60% and a return on equity of 7.50%. View Independence Realty Trust's Earnings History.

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Independence Realty Trust.

Independence Realty Trust issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, February, 12th. The company provided EPS guidance of 0.79-0.82 for the period.

6 equities research analysts have issued 1-year target prices for Independence Realty Trust's stock. Their forecasts range from $11.00 to $14.00. On average, they anticipate Independence Realty Trust's share price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 22.9%. View Analyst Price Targets for 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.

News headlines about IRT stock have trended very negative on Thursday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independence Realty Trust earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Independence Realty Trust.

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

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), New Residential Investment (NRZ), Equinix (EQIX), CBL & Associates Properties (CBL), Ares Capital (ARCC), Prospect Capital (PSEC) and Arlington Asset Investment (AI).

Independence Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (7.00%), Alliancebernstein L.P. (6.59%), State Street Corp (5.20%), Principal Financial Group Inc. (2.47%), Jennison Associates LLC (2.26%) and Bank of New York Mellon Corp (1.58%). 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 Street Corp, State of New Jersey Common Pension Fund D, Bank of New York Mellon Corp, Manning & Napier Group LLC, Citigroup Inc., Principal Financial Group Inc., Pinebridge Investments L.P. and Arizona State Retirement System. View Insider Buying and Selling for Independence Realty Trust.

IRT stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Robeco Institutional Asset Management B.V., Cipher Capital LP, Great West Life Assurance Co. Can, Alliancebernstein L.P., California Public Employees Retirement System, Virginia Retirement Systems ET AL and Russell Investments Group Ltd.. 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 $15.57.

Independence Realty Trust has a market capitalization of $1.42 billion 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.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]