Independence Realty Trust Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Independence Realty Trust stock.
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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.

Independence Realty Trust, Inc. (NYSE:IRT) released its quarterly earnings results on Sunday, July, 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Independence Realty Trust had a net margin of 8.53% and a trailing twelve-month return on equity of 2.70%.
View Independence Realty Trust's earnings history.

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IRT stock has increased by 61.8% and is now trading at $20.30.
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Independence Realty Trust announced a quarterly dividend on Monday, September 13th. Stockholders of record on Friday, October 1st will be paid a dividend of $0.12 per share on Friday, October 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, September 30th.
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 2.37%. 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 53.93% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.
View Independence Realty Trust's dividend history.

Independence Realty Trust updated its FY 2021 earnings guidance on Monday, August, 2nd. The company provided EPS guidance of $0.760-$0.780 for the period. The company issued revenue guidance of -.

5 Wall Street analysts have issued 1 year price targets for Independence Realty Trust's shares. Their forecasts range from $13.25 to $22.00. On average, they expect Independence Realty Trust's stock price to reach $18.21 in the next twelve months. This suggests that the stock has a possible downside of 10.3%.
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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.

Some companies that are related to Independence Realty Trust include AGNC Investment (AGNC), Rexford Industrial Realty (REXR), Americold Realty Trust (COLD), Vornado Realty Trust (VNO), National Retail Properties (NNN), Apartment Income REIT (AIRC), Kilroy Realty (KRC), Omega Healthcare Investors (OHI), Starwood Property Trust (STWD), EastGroup Properties (EGP), First Industrial Realty Trust (FR), American Campus Communities (ACC), Brixmor Property Group (BRX), STAG Industrial (STAG) and CoreSite Realty (COR).
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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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.22%), Vanguard Group Inc. (11.38%), State Street Corp (5.04%), Alliancebernstein L.P. (4.58%), Jennison Associates LLC (3.09%) and Deutsche Bank AG (2.90%). 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 Millennium Management LLC, Kennedy Capital Management Inc., Renaissance Technologies LLC, Northern Trust Corp, Bank of America Corp DE, Quantitative Systematic Strategies LLC, Jennison Associates LLC, and Legal & General Group Plc.
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IRT stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Invesco Ltd., Vanguard Group Inc., Aew Capital Management L P, JPMorgan Chase & Co., State Street Corp, Russell Investments Group Ltd., and Alberta Investment Management Corp. Company insiders that have bought Independence Realty Trust stock in the last two years include James J Sebra, Scott Schaeffer, and William C Dunkelberg.
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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.
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One share of IRT stock can currently be purchased for approximately $20.30.

Independence Realty Trust has a market capitalization of $2.13 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.

Independence Realty Trust employs 444 workers across the globe.

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

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

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].