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Independence Realty Trust Stock Forecast, Price & News

$25.46
+0.28 (+1.11%)
(As of 12/8/2021 12:00 AM ET)
Add
Compare
Today's Range
$25.10
$25.61
50-Day Range
$20.35
$25.83
52-Week Range
$12.88
$25.86
Volume
752,622 shs
Average Volume
743,770 shs
Market Capitalization
$2.68 billion
P/E Ratio
87.79
Dividend Yield
1.91%
Beta
0.94
30 days | 90 days | 365 days | Advanced Chart
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Independence Realty Trust logo

About Independence Realty Trust

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.

Headlines

Independence Realty Trust (NYSE:IRT) Hits New 1-Year High at $25.86
November 24, 2021 |  americanbankingnews.com
Independence Realty Trust (NYSE:IRT) Sets New 12-Month High at $25.39
November 15, 2021 |  americanbankingnews.com
Independence Realty Trust (IRT) Matches Q3 FFO Estimates
October 26, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
444
Year Founded
N/A

Sales & Book Value

Annual Sales
$211.91 million
Cash Flow
$0.83 per share
Book Value
$7.14 per share

Profitability

Net Income
$14.77 million
Pretax Margin
12.94%

Debt

Price-To-Earnings

Miscellaneous

Free Float
104,187,000
Market Cap
$2.68 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/30/2021
Dividend Payable
10/22/2021
Last Earnings
10/27/2021
Today
12/08/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/09/2022

MarketRank

Overall MarketRank

2.14 out of 5 stars

Finance Sector

578th out of 1,342 stocks

Real Estate Investment Trusts Industry

135th out of 223 stocks

Analyst Opinion: 1.4Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

Is Independence Realty Trust a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Independence Realty Trust stock.
View analyst ratings for Independence Realty Trust
or view top-rated stocks.

How has Independence Realty Trust's stock been impacted by Coronavirus?

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IRT stock has increased by 102.9% and is now trading at $25.46.
View which stocks have been most impacted by COVID-19
.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, February 9th 2022.
View our earnings forecast for Independence Realty Trust
.

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust, Inc. (NYSE:IRT) posted its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.09. Independence Realty Trust had a trailing twelve-month return on equity of 4.00% and a net margin of 12.85%. During the same quarter in the previous year, the business posted $0.20 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 announced a quarterly dividend on Thursday, December 2nd. Stockholders of record on Thursday, December 30th will be paid a dividend of $0.12 per share on Friday, January 21st. This represents a $0.48 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, December 29th.
View Independence Realty Trust's dividend history
.

Is Independence Realty Trust a good dividend stock?

Independence Realty Trust pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.91%. The dividend payout ratio of Independence Realty Trust is 165.52%. 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 51.61% 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 updated its FY 2021 earnings guidance on Wednesday, November, 3rd. The company provided earnings per share guidance of $0.800-$0.820 for the period. The company issued revenue guidance of -.

What price target have analysts set for IRT?

7 brokerages have issued 12-month price objectives for Independence Realty Trust's stock. Their forecasts range from $13.25 to $27.00. On average, they expect Independence Realty Trust's share price to reach $19.54 in the next twelve months. This suggests that the stock has a possible downside of 23.2%.
View analysts' price targets for Independence Realty Trust
or view top-rated stocks among Wall Street analysts.

Who are Independence Realty Trust's key executives?

Independence Realty Trust's management team includes the following people:
  • Scott F. Schaeffer, Chairman & Chief Executive Officer
  • Farrell M. Ender, President
  • James J. Sebra, Chief Financial Officer & Treasurer
  • Jessica K. Norman, Secretary, Executive VP & General Counsel
  • Jason R. Delozier, Chief Accounting 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."

Who are Independence Realty Trust's major shareholders?

Independence Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.97%), Wellington Management Group LLP (6.44%), Deutsche Bank AG (5.37%), Alliancebernstein L.P. (4.90%), Jennison Associates LLC (3.47%) and Renaissance Technologies LLC (2.73%). Company insiders that own Independence Realty Trust stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
View institutional ownership trends for Independence Realty Trust
.

Which institutional investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., BlackRock Inc., Invesco Ltd., State of New Jersey Common Pension Fund D, Wellington Management Group LLP, Vestcor Inc, Credit Suisse AG, and Thrivent Financial for Lutherans.
View insider buying and selling activity for Independence Realty Trust
or view top insider-selling stocks.

Which institutional investors are buying Independence Realty Trust stock?

IRT stock was purchased by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Millennium Management LLC, Balyasny Asset Management LLC, Balyasny Asset Management LLC, Russell Investments Group Ltd., Ranger Global Real Estate Advisors LLC, Aew Capital Management L P, and Jennison Associates LLC. Company insiders that have bought Independence Realty Trust stock in the last two years include James J Sebra, Scott Schaeffer, and William C Dunkelberg.
View insider buying and selling activity for Independence Realty Trust
or or view top insider-buying stocks.

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 $25.46.

How much money does Independence Realty Trust make?

Independence Realty Trust has a market capitalization of $2.68 billion and generates $211.91 million in revenue each year. The real estate investment trust earns $14.77 million in net income (profit) each year or $0.29 on an earnings per share basis.

How many employees does Independence Realty Trust have?

Independence Realty Trust employs 444 workers across the globe.

What is Independence Realty Trust's official website?

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

Where are Independence Realty Trust's headquarters?

Independence Realty Trust is headquartered at 1835 Market Street Suite 2601, Philadelphia PA, 19103.

How can I contact Independence Realty Trust?

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].


This page was last updated on 12/8/2021 by MarketBeat.com Staff

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