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

$13.26
-0.99 (-6.95 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$12.97
Now: $13.26
$14.04
50-Day Range
$13.26
MA: $15.08
$16.50
52-Week Range
$10.01
Now: $13.26
$16.85
Volume2.04 million shs
Average Volume708,226 shs
Market Capitalization$1.21 billion
P/E Ratio26.52
Dividend Yield5.05%
Beta0.76
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that currently owns and operates 58 multifamily apartment properties, totaling 15,880 units, 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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$203.22 million
Cash Flow$0.96 per share
Book Value$6.80 per share

Profitability

Net Income$45.90 million

Miscellaneous

Employees451
Market Cap$1.21 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

What is Independence Realty Trust's stock symbol?

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

How often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust?

Independence Realty Trust declared a quarterly dividend on Monday, December 16th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.18 per share on Friday, January 24th. This represents a $0.72 annualized dividend and a yield of 5.43%. The ex-dividend date is Tuesday, December 24th. This is an increase from Independence Realty Trust's previous quarterly dividend of $0.06. View Independence Realty Trust's Dividend History.

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust Inc (NYSE:IRT) posted its quarterly earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.17. The real estate investment trust earned $51.43 million during the quarter, compared to analysts' expectations of $52.28 million. Independence Realty Trust had a return on equity of 7.50% and a net margin of 22.60%. View Independence Realty Trust's Earnings History.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Independence Realty Trust.

What guidance has Independence Realty Trust issued on next quarter's earnings?

Independence Realty Trust updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of 0.79-0.82 for the period.

What price target have analysts set for IRT?

6 Wall Street analysts have issued 1-year price targets for Independence Realty Trust's stock. Their forecasts range from $11.00 to $14.00. On average, they anticipate Independence Realty Trust's share price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 9.5%. View Analyst Price Targets for Independence Realty Trust.

What is the consensus analysts' recommendation 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 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independence Realty Trust.

Has Independence Realty Trust been receiving favorable news coverage?

News stories about IRT stock have trended somewhat negative recently, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Independence Realty Trust earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Independence Realty Trust.

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 folowing people:
  • Mr. Scott F. Schaeffer, Chairman & CEO (Age 57)
  • Mr. Farrell M. Ender, Pres (Age 43)
  • Mr. James J. Sebra, CFO & Treasurer (Age 43)
  • Mr. Jason R. Delozier, Chief Accounting Officer (Age 35)
  • Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets

Who are Independence Realty Trust's major shareholders?

Independence Realty Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (7.00%), Alliancebernstein L.P. (6.59%), State Street Corp (5.20%), Principal Financial Group Inc. (2.47%), Jennison Associates LLC (2.26%) and Geode Capital Management LLC (1.69%). View Institutional Ownership Trends for Independence Realty Trust.

Which major investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, State of New Jersey Common Pension Fund D, Bank of New York Mellon Corp, Manning & Napier Group LLC, Citigroup Inc., Principal Financial Group Inc., Pinebridge Investments L.P. and Arizona State Retirement System. View Insider Buying and Selling for Independence Realty Trust.

Which major investors are buying Independence Realty Trust stock?

IRT stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Robeco Institutional Asset Management B.V., Cipher Capital LP, Great West Life Assurance Co. Can, Alliancebernstein L.P., California Public Employees Retirement System, Virginia Retirement Systems ET AL and Russell Investments Group Ltd.. View Insider Buying and Selling for Independence Realty Trust.

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 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 $13.26.

How big of a company is Independence Realty Trust?

Independence Realty Trust has a market capitalization of $1.21 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 451 workers across the globe.View Additional Information About Independence Realty Trust.

What is Independence Realty Trust's official website?

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


MarketBeat Community Rating for Independence Realty Trust (NYSE IRT)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  305 (Vote Outperform)
Underperform Votes:  372 (Vote Underperform)
Total Votes:  677
MarketBeat's community ratings are surveys of what our community members think about Independence Realty Trust and other stocks. Vote "Outperform" if you believe IRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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