Independence Realty Trust Stock Forecast, Price & News

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IRT stock has increased by 9.3% and is now trading at $13.72.
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5 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 4 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 MarketBeat's top 5 stock picks.

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6,978 employees have rated Independence Realty Trust CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Independence Realty Trust's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Independence Realty Trust.

Independence Realty Trust will be holding an earnings conference call on Wednesday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Independence Realty Trust, Inc. (NYSE:IRT) released its quarterly earnings data on Wednesday, October, 28th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.18. Independence Realty Trust had a return on equity of 4.09% and a net margin of 12.11%.
View Independence Realty Trust's earnings history.

Independence Realty Trust announced a quarterly dividend on Monday, December 14th. Shareholders of record on Wednesday, December 30th will be given a dividend of $0.12 per share on Friday, January 22nd. This represents a $0.48 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, December 29th.
View Independence Realty Trust's dividend history.

Independence Realty Trust pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.53%. Independence Realty Trust does not yet have a strock track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 63.16%. 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 60.00% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.
View Independence Realty Trust's dividend history.

5 equities research analysts have issued 1 year price objectives for Independence Realty Trust's shares. Their forecasts range from $7.50 to $16.00. On average, they expect Independence Realty Trust's stock price to reach $13.29 in the next twelve months. This suggests that the stock has a possible downside of 3.2%.
View analysts' price targets for Independence Realty Trust or view Wall Street analyst' top-rated stocks.

Some companies that are related to Independence Realty Trust include Brixmor Property Group (BRX), Hannon Armstrong Sustainable Infrastructure Capital (HASI), Douglas Emmett (DEI), Cousins Properties (CUZ), The Howard Hughes (HHC), STAG Industrial (STAG), SL Green Realty (SLG), Rayonier (RYN), Healthcare Realty Trust (HR), JBG SMITH Properties (JBGS), Highwoods Properties (HIW), QTS Realty Trust (QTS), MGM Growth Properties (MGP), New Residential Investment (NRZ) and Blackstone Mortgage Trust (BXMT).
View all of IRT's competitors.

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 many different retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (1.00%), State of Alaska Department of Revenue (0.11%), Taylor Frigon Capital Management LLC (0.08%), Dalton Greiner Hartman Maher & Co. (0.08%) and Pendal Group Limited (0.06%). 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.

IRT stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., State of Alaska Department of Revenue, and Taylor Frigon Capital Management LLC.
View insider buying and selling activity for Independence Realty Trust or view top insider-selling stocks.

IRT stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, and Pendal Group Limited. 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.

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.

One share of IRT stock can currently be purchased for approximately $13.72.

Independence Realty Trust has a market capitalization of $1.30 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 410 workers across the globe.

The official website for Independence Realty Trust is 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]