Independence Realty Trust - IRT Stock Forecast, Price & News

11 Wall Street 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IRT shares.
View IRT analyst ratings or view top-rated stocks.

11 analysts have issued 1 year price objectives for Independence Realty Trust's shares. Their IRT share price forecasts range from $24.00 to $30.00. On average, they anticipate the company's share price to reach $26.72 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price.
View analysts price targets for IRT or view top-rated stocks among Wall Street analysts.

Independence Realty Trust's stock was trading at $25.83 at the beginning of 2022. Since then, IRT stock has decreased by 13.8% and is now trading at $22.27.
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Independence Realty Trust saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 9,380,000 shares, a decline of 17.2% from the June 30th total of 11,330,000 shares. Based on an average daily volume of 3,780,000 shares, the short-interest ratio is currently 2.5 days.
View Independence Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our IRT earnings forecast.

Independence Realty Trust, Inc. (NYSE:IRT) posted its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.09. Independence Realty Trust had a net margin of 24.28% and a trailing twelve-month return on equity of 3.65%. During the same quarter in the previous year, the business posted $0.18 earnings per share.

Independence Realty Trust announced 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 2.51%. The ex-dividend date is Thursday, June 30th. This is a positive change from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for IRT.

Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.54%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 86.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IRT will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRT.

Independence Realty Trust updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $1.06-$1.08 for the period. The company issued revenue guidance of -.

6 employees have rated Independence Realty Trust Chief Executive Officer Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Realty Trust investors own include Annaly Capital Management (NLY), Energy Transfer (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).

Independence Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRT."

Independence Realty Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Deutsche Bank AG (2.05%), Jennison Associates LLC (1.49%), Aew Capital Management L P (1.29%), JPMorgan Chase & Co. (1.09%), Russell Investments Group Ltd. (0.76%) and Principal Financial Group Inc. (0.73%). Insiders that own company stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
View institutional ownership trends.

Shares of IRT stock 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.
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One share of IRT stock can currently be purchased for approximately $22.27.

Independence Realty Trust (NYSE:IRT) has a market capitalization of $4.95 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 $0.65 on an earnings per share basis.

The company employs 937 workers across the globe.

Independence Realty Trust's mailing address is 1835 Market Street Suite 2601, Philadelphia PA, 19103. The official website for the company 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.