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

$13.84
+0.01 (+0.07 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$13.82
Now: $13.84
$14.05
50-Day Range
$11.87
MA: $12.54
$13.82
52-Week Range
$8.75
Now: $13.84
$14.05
Volume556,800 shs
Average Volume470,205 shs
Market Capitalization$1.25 billion
P/E Ratio18.70
Dividend Yield5.21%
Beta0.82
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$190.71 million
Cash Flow$0.8297 per share
Book Value$6.74 per share

Profitability

Net Income$26.29 million

Miscellaneous

Employees451
Market Cap$1.25 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

Receive IRT News and Ratings via Email

Sign-up to receive the latest news and ratings for IRT and its competitors with MarketBeat's FREE daily newsletter.


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

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust Inc (NYSE:IRT) announced its earnings results on Wednesday, July, 31st. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.03. The real estate investment trust earned $50.85 million during the quarter, compared to analyst estimates of $50.17 million. Independence Realty Trust had a return on equity of 5.88% and a net margin of 18.42%. 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 Thursday, November 7th 2019. View Earnings Estimates for Independence Realty Trust.

What price target have analysts set for IRT?

6 Wall Street analysts have issued 12 month price targets for Independence Realty Trust's stock. Their forecasts range from $10.25 to $11.00. On average, they anticipate 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.

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 5 hold ratings and 1 buy rating 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?

Media stories about IRT stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring 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 nearest to five being the most favorable. Independence Realty Trust earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next few 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 a number of of institutional and retail 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.

Which institutional investors are selling Independence Realty Trust stock?

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.

Which institutional 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, 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.

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, Scottrade, Fidelity and Charles Schwab.

What is Independence Realty Trust's stock price today?

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

How big of a company is Independence Realty Trust?

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.

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:  2.2 out of 5 (star star)
Outperform Votes:  276 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  616
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 8/23/2019 by MarketBeat.com Staff

Featured Article: What is Green Investing?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel