NYSE:IRT

Independence Realty Trust Stock Forecast, Price & News

$18.71
+0.45 (+2.46 %)
(As of 07/28/2021 03:59 PM ET)
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Today's Range
$17.88
$18.86
50-Day Range
$16.10
$20.04
52-Week Range
$10.70
$20.27
Volume315,352 shs
Average Volume658,338 shs
Market Capitalization$1.91 billion
P/E Ratio110.06
Dividend Yield2.41%
Beta0.94
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

Independence Realty Trust (NYSE:IRT) Shares Gap Down to $19.91
Independence Realty Trust (NYSE:IRT) Shares Gap Down to $19.91
July 27, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.99 out of 5 stars

Finance Sector

526th out of 2,033 stocks

Real Estate Investment Trusts Industry

116th out of 283 stocks

Analyst Opinion: 1.4Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

Is Independence Realty Trust a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 1 hold rating and 5 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.

What stocks does MarketBeat like better than Independence Realty Trust?

Wall Street analysts have given Independence Realty Trust a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Independence Realty Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Independence Realty Trust?

Independence Realty Trust saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,490,000 shares, a decrease of 72.1% from the June 15th total of 5,340,000 shares. Based on an average daily volume of 631,800 shares, the short-interest ratio is presently 2.4 days. Currently, 1.5% of the company's stock are short sold.
View Independence Realty Trust's Short Interest
.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
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 results on Sunday, July, 25th. The real estate investment trust reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. Independence Realty Trust had a trailing twelve-month return on equity of 2.45% and a net margin of 7.54%.
View Independence Realty Trust's earnings history
.

How has Independence Realty Trust's stock price 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. Since then, IRT stock has increased by 49.1% and is now trading at $18.71.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, June 15th. Investors of record on Friday, July 2nd will be given a dividend of $0.12 per share on Friday, July 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, July 1st.
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 2.41%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 60.00%. 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 57.14% 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 2021 earnings guidance on Monday, July, 26th. The company provided earnings per share guidance of $0.760-$0.780 for the period. The company issued revenue guidance of -.

What price target have analysts set for IRT?

6 Wall Street analysts have issued 1 year price targets for Independence Realty Trust's stock. Their forecasts range from $13.00 to $21.00. On average, they expect Independence Realty Trust's share price to reach $17.32 in the next twelve months. This suggests that the stock has a possible downside of 7.4%.
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 59, Pay $1.87M)
  • Mr. Farrell M. Ender, Pres (Age 45, Pay $792.65k)
  • Mr. James J. Sebra, CFO & Treasurer (Age 45, Pay $792.65k)
  • Mr. Jason R. Delozier, Chief Accounting Officer & Controller (Age 37, Pay $430.56k)
  • Ms. Jessica K. Norman, Exec. VP, Gen. Counsel & Sec. (Age 39, Pay $597.34k)
  • 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.

Who are some of Independence Realty Trust's key competitors?

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 institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.11%), Taylor Frigon Capital Management LLC (0.08%) and Oregon Public Employees Retirement Fund (0.04%). 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 buying Independence Realty Trust stock?

IRT stock was purchased by a variety of institutional investors in the last quarter, including Taylor Frigon Capital Management LLC, State of Alaska Department of Revenue, and Oregon Public Employees Retirement Fund. 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
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 $18.71.

How much money does Independence Realty Trust make?

Independence Realty Trust has a market capitalization of $1.91 billion and generates $211.91 million in revenue each year. The real estate investment trust earns $14.77 million in net income (profit) each year or $0.80 on an earnings per share basis.

How many employees does Independence Realty Trust have?

Independence Realty Trust employs 444 workers across the globe.

What is Independence Realty Trust's official website?

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

Where are Independence Realty Trust's headquarters?

Independence Realty Trust is headquartered at 1835 Market Street Suite 2601, Philadelphia PA, 19103.

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 7/28/2021 by MarketBeat.com Staff
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