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NYSE:IRT

Independence Realty Trust (IRT) Stock Forecast, Price & News

$22.39
+0.20 (+0.90%)
(As of 05/19/2022 02:34 PM ET)
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Compare
Today's Range
$22.12
$23.01
50-Day Range
$22.15
$28.15
52-Week Range
$15.78
$28.42
Volume
225,411 shs
Average Volume
3.72 million shs
Market Capitalization
$4.95 billion
P/E Ratio
31.54
Dividend Yield
2.14%
Beta
0.87
30 days | 90 days | 365 days | Advanced Chart
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Independence Realty Trust logo

About Independence Realty Trust

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties 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 on capital through distributions and capital appreciation.

Headlines

Analyst Ratings for Independence Realty Trust
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
937
Year Founded
N/A

Sales & Book Value

Annual Sales
$250.25 million
Cash Flow
$0.56 per share
Book Value
$16.79 per share

Profitability

Net Income
$44.59 million
Pretax Margin
35.11%

Debt

Price-To-Earnings

Miscellaneous

Free Float
219,878,000
Market Cap
$4.95 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/22 Dividend
3/31/2022
Dividend Payable
4/22/2022
Last Earnings
5/03/2022
Today
5/19/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.39 out of 5 stars

Finance Sector

510th out of 1,352 stocks

Real Estate Investment Trusts Industry

110th out of 233 stocks

Analyst Opinion: 2.4Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -













Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

Is Independence Realty Trust a buy right now?

12 Wall Street equities 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 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Independence Realty Trust stock.
View analyst ratings for Independence Realty Trust
or view top-rated stocks.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
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 quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share 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 5.34% and a net margin of 34.18%. During the same period in the prior year, the firm earned $0.18 earnings per share.
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 announced a quarterly dividend on Monday, March 14th. Shareholders of record on Friday, April 1st will be given a dividend of $0.12 per share on Friday, April 22nd. This represents a $0.48 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, March 31st.
View Independence Realty Trust's dividend history
.

Is Independence Realty Trust a good dividend stock?

Independence Realty Trust pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.14%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 67.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 41.38% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.
View Independence Realty Trust's dividend history.

What guidance has Independence Realty Trust issued on next quarter's earnings?

Independence Realty Trust issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $1.04-$1.06 for the period. The company issued revenue guidance of -.

What price target have analysts set for IRT?

12 equities research analysts have issued 1-year target prices for Independence Realty Trust's shares. Their forecasts range from $20.00 to $32.00. On average, they expect Independence Realty Trust's stock price to reach $27.58 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
View analysts' price targets for Independence Realty Trust
or view top-rated stocks among Wall Street analysts.

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 60, Pay $2.41M)
  • Mr. Farrell M. Ender, Pres (Age 46, Pay $1.05M)
  • Mr. James J. Sebra, CFO & Treasurer (Age 46, Pay $1.05M)
  • Mr. Jason R. Delozier, Chief Accounting Officer & Controller (Age 38, Pay $624.62k)
  • Ms. Jessica K. Norman, Chief Legal Officer & Sec. (Age 39, Pay $805.62k)
  • Ms. Ella Shaw Neyland, COO & Director (Age 67)
  • Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets
  • Alex Jorgensen, Investor Relations Officer
What is Scott F. Schaeffer's approval rating as Independence Realty Trust's CEO?

6 employees have rated Independence Realty Trust CEO Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among Independence Realty Trust's employees.

What other stocks do shareholders of Independence Realty Trust own?
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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.84%), Vanguard Group Inc. (11.00%), State Street Corp (5.56%), Wellington Management Group LLP (3.39%), Aew Capital Management L P (1.46%) and Jennison Associates LLC (1.46%).
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 Cambridge Investment Research Advisors Inc., Aew Capital Management L P, Citigroup Inc., Blair William & Co. IL, Consolidated Capital Management LLC, Virginia Retirement Systems ET AL, UBS Group AG, and EWG Elevate Inc..
View insider buying and selling activity for Independence Realty Trust
or view top insider-selling stocks.

Which major investors are buying Independence Realty Trust stock?

IRT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., State Street Corp, Charles Schwab Investment Management Inc., Northern Trust Corp, Healthcare of Ontario Pension Plan Trust Fund, Bank of New York Mellon Corp, and Goldman Sachs Group Inc..
View insider buying and selling activity for Independence Realty Trust
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Independence Realty Trust's stock price today?

One share of IRT stock can currently be purchased for approximately $22.30.

How much money does Independence Realty Trust make?

Independence Realty Trust has a market capitalization of $4.93 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 $0.709990 on an earnings per share basis.

How many employees does Independence Realty Trust have?

Independence Realty Trust employs 937 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 5/19/2022 by MarketBeat.com Staff

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