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

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$10.47 +0.13 (+1.26 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$10.34
Today's Range$10.36 - $10.55
52-Week Range$8.75 - $10.94
Volume301,395 shs
Average Volume496,735 shs
Market Capitalization$937.42 million
P/E Ratio14.15
Dividend Yield6.96%
Beta0.92
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. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return of capital through distributions and capital appreciation.

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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$0.8336 per share
Book Value$7.09 per share

Profitability

Net Income$26.29 million

Miscellaneous

Employees451
Market Cap$937.42 million
Next Earnings Date5/1/2019 (Confirmed)
OptionableOptionable

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 announced a quarterly dividend on Tuesday, March 19th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.18 per share on Thursday, April 25th. This represents a $0.72 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Thursday, March 28th. 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 data on Thursday, February, 21st. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.15. The real estate investment trust had revenue of $49.72 million for the quarter, compared to the consensus estimate of $48.81 million. Independence Realty Trust had a net margin of 13.77% and a return on equity of 4.16%. 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 1st 2019. 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 2019 earnings guidance on Thursday, February, 21st. The company provided earnings per share (EPS) guidance of $0.74-0.78 for the period.

What price target have analysts set for IRT?

6 equities research analysts have issued 1 year target prices for Independence Realty Trust's stock. Their predictions range from $10.25 to $11.00. On average, they anticipate Independence Realty Trust's share price to reach $10.6875 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price. 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.

What are Wall Street analysts saying about Independence Realty Trust stock?

Here are some recent quotes from research analysts about Independence Realty Trust stock:
  • 1. According to Zacks Investment Research, "Independence Realty Trust, Inc. is a real estate investment trust. It is focused on acquiring and owning well-located garden-style and mid-rise apartment properties. The Company owns apartment properties primarily in Arizona, Colorado, Georgia, Indiana, Texas and Virginia. Independence Realty Trust, Inc. is based in United States. " (4/10/2019)
  • 2. Boenning Scattergood analysts commented, "We are lowering our price target slightly to $11.00, based on lower earnings and a lower NAV estimate. While the company expects to cover the dividend with core FFO less recurring capex in 2H19, we calculate that dividend coverage will be elusive in 4Q19 by a small dollar amount (about $1 million, or a penny per share); therefore our price target is a 6% discount to NAV. If the company could cover its dividends and show stronger earnings momentum, we think the shares could trade in-line with or even at a premium to forward NAV. The company is on track to deliver $8-$9 million of incremental revenues from the first two phases of its value-add program and is beginning to soft circle units for renovation in 2021 and beyond. IRT renovated 1,232 units in 2018, and targets completions on 1,500 units in 2019." (2/22/2019)

Has Independence Realty Trust been receiving favorable news coverage?

Media stories about IRT stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Independence Realty Trust earned a coverage optimism score of 1.7 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term.

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 retail and institutional investors. Top institutional shareholders include RMR Advisors LLC (0.55%), Dalton Greiner Hartman Maher & Co. (0.51%), Manning & Napier Group LLC (0.45%), Foundry Partners LLC (0.31%), Strs Ohio (0.16%) and State of Alaska Department of Revenue (0.07%). 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 major investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC, RMR Advisors LLC, Strs Ohio, Oppenheimer Asset Management Inc. and Manning & Napier Group LLC. View Insider Buying and Selling for Independence Realty Trust.

Which major investors are buying Independence Realty Trust stock?

IRT stock was acquired by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Nisa Investment Advisors LLC and State of Alaska Department of Revenue. 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 $10.47.

How big of a company is Independence Realty Trust?

Independence Realty Trust has a market capitalization of $937.42 million 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.

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 Two Liberty Place 50 S. 16th Street Suite 3575, Philadelphia PA, 19102. 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:  261 (Vote Outperform)
Underperform Votes:  317 (Vote Underperform)
Total Votes:  578
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 4/24/2019 by MarketBeat.com Staff

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