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

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, 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.

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.

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

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.

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.

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.

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.

Some companies that are related to Independence Realty Trust include Howard Hughes (HHC), EPR Properties (EPR), Healthcare Realty Trust (HR), Eastgroup Properties (EGP), Highwoods Properties (HIW), Stag Industrial (STAG), PS Business Parks (PSB), Outfront Media (OUT), Sabra Health Care REIT (SBRA), National Health Investors (NHI), CoreSite Realty (COR), Equity Commonwealth (EQC), Ryman Hospitality Properties (RHP), Physicians Realty Trust (DOC) and CHIMERA INVT CO/SH NEW (CIM).

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), New Residential Investment (NRZ), Equinix (EQIX), CBL & Associates Properties (CBL), Ares Capital (ARCC), Prospect Capital (PSEC) and Arlington Asset Investment (AI).

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.

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.

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.

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.

One share of IRT stock can currently be purchased for approximately $13.26.

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.

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]