Independence Realty Trust (NYSE: IRT) is a real estate investment trust that currently owns and operates 59 multifamily apartment properties, totaling 16,120 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:IRT
Previous Symbol
CUSIPN/A
Phone267-270-4800
Debt
Debt-to-Equity Ratio1.51
Current Ratio0.24
Quick Ratio0.24
Price-To-Earnings
Trailing P/E Ratio14.07
Forward P/E Ratio13.85
P/E GrowthN/A
Sales & Book Value
Annual Sales$160.50 million
Price / Sales5.68
Cash Flow$0.7995 per share
Price / Cash Flow12.82
Book Value$7.74 per share
Price / Book1.32
Profitability
EPS (Most Recent Fiscal Year)$0.73
Net Income$30.20 million
Net Margins9.81%
Return on Equity2.83%
Return on Assets1.15%
Miscellaneous
Employees421
Outstanding Shares88,920,000
Market Cap$915.89 million
OptionableOptionable
Independence Realty Trust (NYSE:IRT) Frequently Asked Questions
What is Independence Realty Trust's stock symbol?
Independence Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRT."
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 Tuesday, September 18th. Investors of record on Friday, October 5th will be paid a dividend of $0.18 per share on Friday, October 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend is Thursday, October 4th. View Independence Realty Trust's Dividend History.
How were Independence Realty Trust's earnings last quarter?
Independence Realty Trust Inc (NYSE:IRT) posted its quarterly earnings data on Thursday, November, 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.14. The real estate investment trust earned $48.78 million during the quarter, compared to analyst estimates of $47.84 million. Independence Realty Trust had a return on equity of 2.83% and a net margin of 9.81%. View Independence Realty Trust's Earnings History.
When is Independence Realty Trust's next earnings date?
What guidance has Independence Realty Trust issued on next quarter's earnings?
Independence Realty Trust updated its FY 2018 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $0.74-0.75 for the period.
What price target have analysts set for IRT?
6 equities research analysts have issued 12 month price objectives for Independence Realty Trust's shares. Their predictions range from $10.00 to $11.00. On average, they expect Independence Realty Trust's share price to reach $10.4375 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price. View Analyst Price Targets for Independence Realty Trust.
What is the consensus analysts' recommendation 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 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independence Realty Trust.
Has Independence Realty Trust been receiving favorable news coverage?
Media coverage about IRT stock has been trending positive on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independence Realty Trust earned a media sentiment score of 2.6 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock's share price in the near future.
Who are some of Independence Realty Trust's key competitors?
Some companies that are related to Independence Realty Trust include Eastgroup Properties (EGP), CHIMERA INVT CO/SH NEW (CIM), Two Harbors Investment (TWO), Apple Hospitality REIT (APLE), CoreSite Realty (COR), LaSalle Hotel Properties (LHO), Cousins Properties (CUZ), Uniti Group (UNIT), Sabra Health Care REIT (SBRA), RLJ Lodging Trust (RLJ), National Health Investors (NHI), Paramount Group (PGRE), Taubman Centers (TCO), Physicians Realty Trust (DOC) and MFA FINL INC/SH (MFA).
Who are Independence Realty Trust's key executives?
Independence Realty Trust's management team includes the folowing people:
- Mr. Scott F. Schaeffer, Chairman & CEO (Age 56)
- Mr. Farrell M. Ender, Pres (Age 42)
- Mr. James J. Sebra, CFO & Treasurer (Age 42)
- Mr. Jason R. Delozier, Chief Accounting Officer (Age 34)
- Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets
Who are Independence Realty Trust's major shareholders?
Independence Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.54%), Vanguard Group Inc. (10.79%), Alliancebernstein L.P. (6.32%), Renaissance Technologies LLC (3.08%), Jennison Associates LLC (1.97%) and Mirae Asset Global Investments Co. Ltd. (1.79%). 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.
Which institutional investors are selling Independence Realty Trust stock?
IRT stock was sold by a variety of institutional investors in the last quarter, including Highland Capital Management LP, Barings LLC, First Trust Advisors LP, Orinda Asset Management LLC, Blair William & Co. IL, Russell Investments Group Ltd., JPMorgan Chase & Co. and JPMorgan Chase & Co.. View Insider Buying and Selling 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 Mirae Asset Global Investments Co. Ltd., BlackRock Inc., Renaissance Technologies LLC, Wells Fargo & Company MN, Morgan Stanley, Legal & General Group Plc, Vanguard Group Inc. and Columbia Partners L.L.C. Investment Management. 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.
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, Scottrade, Fidelity and Charles Schwab.
What is Independence Realty Trust's stock price today?
One share of IRT stock can currently be purchased for approximately $10.25.
How big of a company is Independence Realty Trust?
Independence Realty Trust has a market capitalization of $915.89 million and generates $160.50 million in revenue each year. The real estate investment trust earns $30.20 million in net income (profit) each year or $0.73 on an earnings per share basis. Independence Realty Trust employs 421 workers across the globe.
What is Independence Realty Trust's official website?
How can I contact Independence Realty Trust?
Independence Realty Trust's mailing address is Two Liberty Place 50 S. 16th Street Suite 3575, Philadelphia PA, 19102. The real estate investment trust can be reached via phone at 267-270-4800 or via email at [email protected]
MarketBeat Community Rating for Independence Realty Trust (NYSE IRT)
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.
