Independence Realty Trust - IRT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IRT shares.
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6 equities research analysts have issued twelve-month price objectives for Independence Realty Trust's stock. Their IRT share price forecasts range from $17.00 to $24.50. On average, they predict the company's stock price to reach $20.64 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for IRT or view top-rated stocks among Wall Street analysts.

Independence Realty Trust's stock was trading at $16.86 at the beginning of 2023. Since then, IRT shares have increased by 10.7% and is now trading at $18.66.
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Independence Realty Trust saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,330,000 shares, a decrease of 7.2% from the December 31st total of 6,820,000 shares. Based on an average daily volume of 1,880,000 shares, the days-to-cover ratio is presently 3.4 days.
View Independence Realty Trust's Short Interest.

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

Independence Realty Trust will be holding an earnings conference call on Thursday, February 16th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "910516".

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

Independence Realty Trust declared a quarterly dividend on Monday, December 12th. Shareholders of record on Friday, December 30th will be given a dividend of $0.14 per share on Friday, January 20th. This represents a $0.56 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for IRT.

Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.06%. 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 48.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRT.

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

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Realty Trust investors own include Annaly Capital Management (NLY), Energy Transfer (ET), AT&T (T), Government Properties Income Trust (GOV), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Ares Capital (ARCC), New Residential Investment (NRZ), Verizon Communications (VZ) and CBL & Associates Properties (CBL).

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

Independence Realty Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Phocas Financial Corp. (0.23%), Strs Ohio (0.22%), Comerica Bank (0.19%), Manning & Napier Group LLC (0.12%), Ziegler Capital Management LLC (0.11%) and Consolidated Capital Management LLC (0.10%). Insiders that own company stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
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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.
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One share of IRT stock can currently be purchased for approximately $18.66.

Independence Realty Trust (NYSE:IRT) has a market capitalization of $4.18 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.

The company employs 937 workers across the globe.

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.