NYSE:IRT

Independence Realty Trust Stock Forecast, Price & News

$18.32
-0.14 (-0.76 %)
(As of 06/22/2021 12:00 AM ET)
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Today's Range
$18.31
$18.51
50-Day Range
$15.69
$18.74
52-Week Range
$10.40
$18.83
Volume390,697 shs
Average Volume645,387 shs
Market Capitalization$1.87 billion
P/E Ratio107.76
Dividend Yield2.60%
Beta0.93
30 days | 90 days | 365 days | Advanced Chart
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Independence Realty Trust logo

About Independence Realty Trust

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.

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MarketRank

Overall MarketRank

1.82 out of 5 stars

Finance Sector

350th out of 1,980 stocks

Real Estate Investment Trusts Industry

86th out of 275 stocks

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

Is Independence Realty Trust a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Independence Realty Trust stock.
View analyst ratings for Independence Realty Trust
or view top-rated stocks.

What stocks does MarketBeat like better than Independence Realty Trust?

Wall Street analysts have given Independence Realty Trust a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Independence Realty Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
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 results on Wednesday, April, 28th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.01. Independence Realty Trust had a net margin of 7.54% and a trailing twelve-month return on equity of 2.45%.
View Independence Realty Trust's earnings history
.

How has Independence Realty Trust's stock price 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 stock has increased by 46.0% and is now trading at $18.32.
View which stocks have been most impacted by COVID-19
.

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, June 15th. Investors of record on Friday, July 2nd will be paid a dividend of $0.12 per share on Friday, July 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, July 1st.
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 2.60%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 58.54% 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 Tuesday, June, 22nd. The company provided EPS guidance of $0.720-0.750 for the period. The company issued revenue guidance of -.

What price target have analysts set for IRT?

5 brokerages have issued 1 year price targets for Independence Realty Trust's shares. Their forecasts range from $13.00 to $20.00. On average, they expect Independence Realty Trust's stock price to reach $15.93 in the next year. This suggests that the stock has a possible downside of 13.1%.
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:
  • Mr. Scott F. Schaeffer, Chairman & CEO (Age 59, Pay $1.87M)
  • Mr. Farrell M. Ender, Pres (Age 45, Pay $792.65k)
  • Mr. James J. Sebra, CFO & Treasurer (Age 45, Pay $792.65k)
  • Mr. Jason R. Delozier, Chief Accounting Officer & Controller (Age 37, Pay $430.56k)
  • Ms. Jessica K. Norman, Exec. VP, Gen. Counsel & Sec. (Age 39, Pay $597.34k)
  • 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.

Who are some of Independence Realty Trust's key competitors?

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (18.66%), Alliancebernstein L.P. (4.72%), Jennison Associates LLC (3.25%), Renaissance Technologies LLC (3.02%), Geode Capital Management LLC (1.99%) and Aew Capital Management L P (1.91%). 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 major investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Renaissance Technologies LLC, Bank of Montreal Can, Kennedy Capital Management Inc., Goldman Sachs Group Inc., Phocas Financial Corp., Hill Winds Capital LP, and Northern Trust Corp.
View insider buying and selling activity for Independence Realty Trust
or view top insider-selling stocks.

Which major investors are buying Independence Realty Trust stock?

IRT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Thrivent Financial for Lutherans, JPMorgan Chase & Co., Millennium Management LLC, Consolidated Capital Management LLC, Geode Capital Management LLC, Jennison Associates LLC, and Nuveen Asset Management 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 $18.32.

How much money does Independence Realty Trust make?

Independence Realty Trust has a market capitalization of $1.87 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 $0.80 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 6/23/2021 by MarketBeat.com Staff
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