NYSE:IRT - Independence Realty Trust Stock Price, News & Analysis

Independence Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRT."

Independence Realty Trust announced a quarterly dividend on Monday, June 17th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.18 per share on Thursday, July 25th. This represents a $0.72 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, June 27th. View Independence Realty Trust's Dividend History.

Independence Realty Trust Inc (NYSE:IRT) released its quarterly earnings data on Wednesday, July, 31st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.03. The real estate investment trust had revenue of $50.85 million for the quarter, compared to analyst estimates of $50.17 million. Independence Realty Trust had a net margin of 18.42% and a return on equity of 5.88%. View Independence Realty Trust's Earnings History.

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Independence Realty Trust.

6 Wall Street analysts have issued 12-month price objectives for Independence Realty Trust's shares. Their predictions range from $10.25 to $11.00. On average, they expect Independence Realty Trust's share price to reach $10.6875 in the next year. This suggests that the stock has a possible downside of 22.8%. View Analyst Price Targets 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 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independence Realty Trust.

Media stories about IRT stock have been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independence Realty Trust earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near future. View News Stories for Independence Realty Trust.

Some companies that are related to Independence Realty Trust include First Industrial Realty Trust (FR), PS Business Parks (PSB), Life Storage (LSI), Rexford Industrial Realty (REXR), Blackstone Mortgage Trust (BXMT), Eastgroup Properties (EGP), Highwoods Properties (HIW), Healthcare Realty Trust (HR), CoreSite Realty (COR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), Equity Commonwealth (EQC), Macerich (MAC), Hospitality Properties Trust (HPT) and Outfront Media (OUT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Realty Trust investors own include ANNALY CAP MGMT/SH (NLY), Energy Transfer LP Unit (ET), Government Properties Income Trust (GOV), AT&T (T), Equinix (EQIX), New Residential Investment (NRZ), CBL & Associates Properties (CBL), Verizon Communications (VZ), Ares Capital (ARCC) and Prospect Capital (psec).

Independence Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.04%), Vanguard Group Inc. (11.26%), Renaissance Technologies LLC (5.31%), Invesco Ltd. (3.15%), Jennison Associates LLC (2.39%) and Jennison Associates LLC (2.38%). 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.

IRT stock was sold by a variety of institutional investors in the last quarter, including Ancora Advisors LLC, BlackRock Inc., Phocas Financial Corp., Phocas Financial Corp., Virginia Retirement Systems ET AL, Jennison Associates LLC, Jennison Associates LLC and Teachers Insurance & Annuity Association of America. View Insider Buying and Selling for Independence Realty Trust.

IRT stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Morgan Stanley, Wells Fargo & Company MN, First Trust Advisors LP, Atlantic Union Bankshares Corp, Nuveen Asset Management LLC, Vanguard Group Inc. and Russell Investments Group Ltd.. 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.

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.

One share of IRT stock can currently be purchased for approximately $13.84.

Independence Realty Trust has a market capitalization of $1.25 billion and generates $190.71 million in revenue each year. The real estate investment trust earns $26.29 million in net income (profit) each year or $0.74 on an earnings per share basis. Independence Realty Trust employs 451 workers across the globe.View Additional Information About Independence Realty Trust.

The official website for Independence Realty Trust is http://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]