Independence Realty Trust Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Independence Realty Trust stock.
View analyst ratings for Independence Realty Trust or view top-rated stocks.

12 brokers have issued 1-year target prices for Independence Realty Trust's shares. Their IRT stock forecasts range from $20.00 to $30.00. On average, they predict Independence Realty Trust's stock price to reach $26.05 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
View analysts' price targets for Independence Realty Trust or view top-rated stocks among Wall Street analysts.

Independence Realty Trust's stock was trading at $25.83 on January 1st, 2022. Since then, IRT shares have decreased by 18.7% and is now trading at $21.00.
View the best growth stocks for 2022 here.

Independence Realty Trust saw a drop in short interest in May. As of May 31st, there was short interest totaling 9,490,000 shares, a drop of 15.9% from the May 15th total of 11,290,000 shares. Based on an average daily trading volume, of 5,440,000 shares, the days-to-cover ratio is presently 1.7 days.
View Independence Realty Trust's Short Interest.

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
View our earnings forecast for Independence Realty Trust.

Independence Realty Trust, Inc. (NYSE:IRT) issued its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. Independence Realty Trust had a trailing twelve-month return on equity of 5.34% and a net margin of 34.18%. During the same period last year, the firm earned $0.18 earnings per share.
View Independence Realty Trust's earnings history.

Independence Realty Trust declared a quarterly dividend on Wednesday, May 18th. Stockholders of record on Friday, July 1st will be given a dividend of $0.14 per share on Friday, July 22nd. This represents a $0.56 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, June 30th. This is an increase from Independence Realty Trust's previous quarterly dividend of $0.12.
View Independence Realty Trust's dividend history.

Independence Realty Trust(NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.67%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 78.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 47.06% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.
View Independence Realty Trust's dividend history.

Independence Realty Trust issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $1.04-$1.06 for the period. The company issued revenue guidance of -.

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

Some companies that are related to Independence Realty Trust include Essex Property Trust (ESS), W. P. Carey (WPC), UDR (UDR), Camden Property Trust (CPT), Healthpeak Properties (PEAK), Iron Mountain (IRM), Boston Properties (BXP), Equity LifeStyle Properties (ELS), Kimco Realty (KIM), American Homes 4 Rent (AMH), Gaming and Leisure Properties (GLPI), Sino Land (SNLAY), Host Hotels & Resorts (HST), Regency Centers (REG) and CubeSmart (CUBE).
View all of IRT's competitors.

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."

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.
Compare Top Brokerages Here.

One share of IRT stock can currently be purchased for approximately $21.00.

Independence Realty Trust (NYSE:IRT) has a market capitalization of $4.64 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 $0.709990 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 Independence Realty Trust 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.