S&P 500   3,841.47
DOW   30,996.98
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:IRT

Independence Realty Trust Stock Forecast, Price & News

$13.72
+0.11 (+0.81 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$13.50
Now: $13.72
$13.72
50-Day Range
$13.05
MA: $13.38
$13.92
52-Week Range
$6.86
Now: $13.72
$16.85
Volume358,125 shs
Average Volume423,495 shs
Market Capitalization$1.30 billion
P/E Ratio49.00
Dividend Yield3.53%
Beta0.96
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties 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 on capital through distributions and capital appreciation.
Independence Realty Trust logo

MarketRank

Overall MarketRank

1.82 out of 5 stars

Finance Sector

374th out of 1,933 stocks

Real Estate Investment Trusts Industry

79th out of 272 stocks

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone267-270-4800
Employees410

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$203.22 million
Cash Flow$1.14 per share
Book Value$6.82 per share

Profitability

Net Income$45.90 million

Miscellaneous

Market Cap$1.30 billion
Next Earnings Date2/10/2021 (Confirmed)
OptionableOptionable
$13.72
+0.11 (+0.81 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

How has Independence Realty Trust's stock price been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

Is Independence Realty Trust a buy right now?

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.

What stocks does MarketBeat like better than Independence Realty Trust?

Wall Street analysts have given Independence Realty Trust a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Independence Realty Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Independence Realty Trust's CEO?

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.

When is Independence Realty Trust's next earnings date?

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
.

How can I listen to Independence Realty Trust's earnings call?

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.

How were Independence Realty Trust's earnings last quarter?

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
.

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 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
.

Is Independence Realty Trust a good dividend stock?

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.

What price target have analysts set for IRT?

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.

Who are some of Independence Realty Trust's key competitors?

What other stocks do shareholders of Independence Realty Trust own?

Who are Independence Realty Trust's key executives?

Independence Realty Trust's management team includes the following people:
  • Mr. Scott F. Schaeffer, Chairman & CEO (Age 58, Pay $2.18M)
  • Mr. Farrell M. Ender, Pres (Age 44, Pay $849.45k)
  • Mr. James J. Sebra, CFO & Treasurer (Age 44, Pay $899.45k)
  • Mr. Jason R. Delozier, Chief Accounting Officer & Controller (Age 36, Pay $389.4k)
  • Ms. Jessica K. Norman, Exec. VP, Gen. Counsel & Sec. (Age 38, Pay $434.37k)
  • Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets
  • Alex Jorgensen, Investor Relations Officer

What is Independence Realty Trust's stock symbol?

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

Who are Independence Realty Trust's major shareholders?

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
.

Which institutional investors are selling Independence Realty Trust stock?

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.

Which institutional investors are buying Independence Realty Trust stock?

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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Independence Realty Trust's stock price today?

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

How big of a company is Independence Realty Trust?

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.

What is Independence Realty Trust's official website?

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

How can I contact Independence Realty Trust?

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]

This page was last updated on 1/23/2021 by MarketBeat.com Staff

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