Independence Realty Trust - IRT Stock Forecast, Price & News

10 Wall Street 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IRT shares.
View IRT analyst ratings or view top-rated stocks.

10 Wall Street research analysts have issued 12-month price targets for Independence Realty Trust's shares. Their IRT share price forecasts range from $24.00 to $30.00. On average, they expect the company's share price to reach $26.72 in the next twelve months. This suggests a possible upside of 52.2% 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 beginning of the year. Since then, IRT stock has decreased by 32.0% and is now trading at $17.56.
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Independence Realty Trust saw a increase in short interest in September. As of September 15th, there was short interest totaling 8,910,000 shares, an increase of 14.8% from the August 31st total of 7,760,000 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 5.0 days.
View Independence Realty Trust's Short Interest.

The company 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 analysts' consensus estimates of $0.25 by $0.09. Independence Realty Trust had a trailing twelve-month return on equity of 3.65% and a net margin of 24.28%. During the same quarter last year, the firm posted $0.18 EPS.

Independence Realty Trust declared a quarterly dividend on Monday, September 12th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.14 per share on Friday, October 21st. This represents a $0.56 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 29th.
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 3.21%. 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 46.28% 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 updated its FY 2022 earnings guidance on Tuesday, October, 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 a number of retail and institutional investors. Top institutional shareholders include Csenge Advisory Group (0.02%) and Pensionfund Sabic (0.01%). Insiders that own company stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
View institutional ownership trends.

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 $17.56.

Independence Realty Trust (NYSE:IRT) has a market capitalization of $3.90 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.

The company 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.