NYSE:IRT Independence Realty Trust Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Independence Realty Trust Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $11.33 +0.28 (+2.53 %) (As of 09/28/2020 05:54 AM ET) Add Compare Share Today's Range$10.97Now: $11.33▼$11.3850-Day Range$10.92MA: $11.69▼$12.1452-Week Range$6.86Now: $11.33▼$16.85Volume942,800 shsAverage Volume815,945 shsMarket Capitalization$1.07 billionP/E Ratio35.41Dividend Yield4.24%Beta1.05 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.2 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.13, Independence Realty Trust has a forecasted upside of 7.0% from its current price of $11.33.Amount of Analyst CoverageIndependence Realty Trust has only been the subject of 1 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesIndependence Realty Trust has received 319 “outperform” votes. (Add your “outperform” vote.)Underperform VotesIndependence Realty Trust has received 388 “underperform” votes. (Add your “underperform” vote.)Community SentimentIndependence Realty Trust has received 54.88% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipIndependence Realty Trust is a leading dividend payer. It pays a dividend yield of 4.24%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependence Realty Trust has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Independence Realty Trust is 63.16%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 64.00% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.87% of the stock of Independence Realty Trust is held by insiders.Percentage Held by Institutions96.53% of the stock of Independence Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 7.14% in the coming year, from $0.70 to $0.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is 35.41, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is 35.41, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.53.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.2Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.69 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:IRT Previous Symbol CUSIPN/A CIK1466085 Webwww.irtliving.com Phone267-270-4800Debt Debt-to-Equity Ratio1.64 Current RatioN/A Quick RatioN/APrice-To-Earnings Trailing P/E Ratio35.41 Forward P/E Ratio16.19 P/E GrowthN/A Sales & Book Value Annual Sales$203.22 million Price / Sales5.28 Cash Flow$1.07 per share Price / Cash Flow10.61 Book Value$6.82 per share Price / Book1.66Profitability EPS (Most Recent Fiscal Year)$0.76 Net Income$45.90 million Net Margins14.10% Return on Equity4.71% Return on Assets1.71%Miscellaneous Employees451 Outstanding Shares94,745,000Market Cap$1.07 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $11.33 +0.28 (+2.53 %) (As of 09/28/2020 05:54 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive IRT News and Ratings via Email Sign-up to receive the latest news and ratings for IRT and its competitors with MarketBeat's FREE daily newsletter. Independence Realty Trust (NYSE:IRT) Frequently Asked Questions How has Independence Realty Trust's stock been impacted by COVID-19? Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IRT shares have decreased by 9.7% and is now trading at $11.33. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Independence Realty Trust? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Independence Realty Trust. When is Independence Realty Trust's next earnings date? Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020. 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 quarterly earnings data on Wednesday, July, 29th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.17. The real estate investment trust had revenue of $52.09 million for the quarter, compared to analysts' expectations of $52.69 million. Independence Realty Trust had a net margin of 14.10% and a return on equity of 4.71%. 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 Tuesday, September 15th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.12 per share on Friday, October 23rd. This represents a $0.48 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, October 1st. View Independence Realty Trust's dividend history. What price target have analysts set for IRT? 5 brokerages have issued 1 year price objectives for Independence Realty Trust's shares. Their forecasts range from $7.50 to $16.00. On average, they expect Independence Realty Trust's stock price to reach $12.13 in the next year. This suggests a possible upside of 7.0% from the stock's current price. View analysts' price targets for Independence Realty Trust. Who are some of Independence Realty Trust's key competitors? Some companies that are related to Independence Realty Trust include Cousins Properties (CUZ), Healthcare Realty Trust (HR), QTS Realty Trust (QTS), Klepierre (KLPEF), MGM Growth Properties (MGP), Equity Commonwealth (EQC), Physicians Realty Trust (DOC), Rayonier (RYN), JBG SMITH Properties (JBGS), Highwoods Properties (HIW), SL Green Realty (SLG), Brixmor Property Group (BRX), Agree Realty (ADC), New Residential Investment (NRZ) and Blackstone Mortgage Trust (BXMT). View all competitors. What other stocks do shareholders of Independence Realty Trust own? 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), AT&T (T), Government Properties Income Trust (GOV), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Ares Capital (ARCC), New Residential Investment (NRZ), Verizon Communications (VZ) and CBL & Associates Properties (CBL). 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 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 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.45%), Macquarie Group Ltd. (2.65%), Jennison Associates LLC (2.28%), Principal Financial Group Inc. (2.09%), Principal Financial Group Inc. (2.09%) and Nuveen Asset Management LLC (1.96%). 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 Nuveen Asset Management LLC, Robeco Institutional Asset Management B.V., Charles Schwab Investment Management Inc., Principal Financial Group Inc., Principal Financial Group Inc., Marshall Wace LLP, Russell Investments Group Ltd., and Marshall Wace North America L.P.. View insider buying and selling activity for Independence Realty Trust. Which institutional investors are buying Independence Realty Trust stock? IRT stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Aew Capital Management L P, Vanguard Group Inc., Peregrine Capital Management LLC, Sei Investments Co., Madison International Realty Holdings LLC, Hill Winds Capital LP, and Bank of America Corp DE. 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. 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, Robinhood, Fidelity, and Charles Schwab. What is Independence Realty Trust's stock price today? One share of IRT stock can currently be purchased for approximately $11.33. How big of a company is Independence Realty Trust? Independence Realty Trust has a market capitalization of $1.07 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. What is Independence Realty Trust's official website? The official website for Independence Realty Trust is www.irtliving.com. 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 9/28/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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