Independence Realty Trust - IRT Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IRT shares.
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11 Wall Street analysts have issued 12 month target prices for Independence Realty Trust's stock. Their IRT stock forecasts range from $24.00 to $30.00. On average, they predict the company's stock price to reach $26.72 in the next year. This suggests a possible upside of 25.3% from the stock's current price.
View analysts price targets for IRT or view top-rated stocks among Wall Street analysts.

Independence Realty Trust's stock was trading at $25.83 at the start of the year. Since then, IRT shares have decreased by 17.4% and is now trading at $21.33.
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Independence Realty Trust saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 9,380,000 shares, a decline of 17.2% from the June 30th total of 11,330,000 shares. Based on an average trading volume of 3,780,000 shares, the days-to-cover ratio is currently 2.5 days.
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Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our IRT earnings forecast.

Independence Realty Trust, Inc. (NYSE:IRT) announced its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Independence Realty Trust had a net margin of 24.28% and a trailing twelve-month return on equity of 3.65%. During the same quarter in the prior year, the company posted $0.18 earnings per share.

Independence Realty Trust announced a quarterly dividend on Wednesday, May 18th. Investors of record on Friday, July 1st will be paid a dividend of $0.14 per share on Friday, July 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, June 30th. This is a positive change from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for IRT.

Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.65%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 86.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IRT will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRT.

Independence Realty Trust issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.06-$1.08 for the period. The company issued revenue guidance of -.

6 employees have rated Independence Realty Trust Chief Executive Officer Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among the company's employees.

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 shareholders include Jennison Associates LLC (1.49%), Aew Capital Management L P (1.29%), Russell Investments Group Ltd. (0.76%), Cambridge Investment Research Advisors Inc. (0.52%), Thornburg Investment Management Inc. (0.26%) and Connor Clark & Lunn Investment Management Ltd. (0.23%). Insiders that own company stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
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Shares of IRT stock 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 $21.33.

Independence Realty Trust (NYSE:IRT) has a market capitalization of $4.74 billion and generates $250.25 million in revenue each year. The real estate investment trust earns $44.59 million in net income (profit) each year or $0.65 on an earnings per share basis.

Independence Realty Trust employs 937 workers across the globe.

Independence Realty Trust's mailing address is 1835 Market Street Suite 2601, Philadelphia PA, 19103. The official website for the company is www.irtliving.com. The real estate investment trust can be reached via phone at (267) 270-4800 or via email at irt@edelman.com.