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

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

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.

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.

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Independence Realty Trust.

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.

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.

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.

Some companies that are related to Independence Realty Trust include PS Business Parks (PSB), First Industrial Realty Trust (FR), Life Storage (LSI), Rexford Industrial Realty (REXR), Blackstone Mortgage Trust (BXMT), Eastgroup Properties (EGP), Highwoods Properties (HIW), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), CoreSite Realty (COR), Equity Commonwealth (EQC), Hospitality Properties Trust (HPT), Outfront Media (OUT) and Macerich (MAC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Realty Trust investors own include ANNALY CAP MGMT/SH (NLY), Energy Transfer LP Unit (ET), Government Properties Income Trust (GOV), AT&T (T), Equinix (EQIX), New Residential Investment (NRZ), CBL & Associates Properties (CBL), Verizon Communications (VZ), Ares Capital (ARCC) and Prospect Capital (psec).

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.

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.

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.

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.

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

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.

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

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]