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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:IRT

Independence Realty Trust Stock Forecast, Price & News

$21.00
+0.27 (+1.30%)
(As of 07/1/2022 08:44 PM ET)
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Today's Range
$20.36
$21.00
50-Day Range
$20.50
$27.96
52-Week Range
$16.50
$28.42
Volume
1.89 million shs
Average Volume
4.43 million shs
Market Capitalization
$4.64 billion
P/E Ratio
29.58
Dividend Yield
2.67%
Price Target
$26.05

Independence Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
24.0% Upside
$26.05 Price Target
Short Interest
Bearish
12.14% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of Independence Realty Trust in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.21%
From $1.07 to $1.19 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.23 out of 5 stars

Finance Sector

427th out of 1,355 stocks

Real Estate Investment Trusts Industry

91st out of 233 stocks

30 days | 90 days | 365 days | Advanced Chart

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Independence Realty Trust logo

About Independence Realty Trust (NYSE:IRT) Stock

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties 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 on capital through distributions and capital appreciation.

IRT Stock News Headlines

Analyst Ratings for Independence Realty Trust
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
937
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/22 Dividend
3/31/2022
Dividend Payable
4/22/2022
Last Earnings
5/03/2022
Ex-Dividend for 7/22 Dividend
6/30/2022
Today
7/04/2022
Dividend Payable
7/22/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$26.05
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+24.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83333333333333
Research Coverage
12 Analysts

Profitability

Net Income
$44.59 million
Pretax Margin
35.11%

Debt

Sales & Book Value

Annual Sales
$250.25 million
Cash Flow
$0.56 per share
Book Value
$16.50 per share

Miscellaneous

Free Float
219,878,000
Market Cap
$4.64 billion
Optionable
Optionable
Beta
0.91














Independence Realty Trust Frequently Asked Questions

Should I buy or sell Independence Realty Trust stock right now?

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.

What is Independence Realty Trust's stock price forecast for 2022?

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.

How has Independence Realty Trust's stock price performed in 2022?

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
.

Are investors shorting Independence Realty Trust?

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
.

When is Independence Realty Trust's next earnings date?

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
.

How were Independence Realty Trust's earnings last quarter?

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
.

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 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
.

Is Independence Realty Trust a good dividend stock?

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.

What guidance has Independence Realty Trust issued on next quarter's earnings?

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 -.

Who are Independence Realty Trust's key executives?

Independence Realty Trust's management team includes the following people:
  • Mr. Scott F. Schaeffer, Chairman & CEO (Age 60, Pay $2.41M)
  • Mr. Farrell M. Ender, Pres (Age 46, Pay $1.05M)
  • Mr. James J. Sebra, CFO & Treasurer (Age 46, Pay $1.05M)
  • Mr. Jason R. Delozier, Chief Accounting Officer & Controller (Age 38, Pay $624.62k)
  • Ms. Jessica K. Norman, Chief Legal Officer & Sec. (Age 39, Pay $805.62k)
  • Ms. Ella Shaw Neyland, COO & Director (Age 67)
  • Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets
  • Alex Jorgensen, Investor Relations Officer

What is Scott F. Schaeffer's approval rating as Independence Realty Trust's CEO?

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.

What other stocks do shareholders of Independence Realty Trust own?

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 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Independence Realty Trust's stock price today?

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

How much money does Independence Realty Trust make?

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.

How many employees does Independence Realty Trust have?

Independence Realty Trust employs 937 workers across the globe.

How can I contact Independence Realty Trust?

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.

This page (NYSE:IRT) was last updated on 7/4/2022 by MarketBeat.com Staff

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