About Independence Realty Trust (NYSE:IRT)
Independence Realty Trust, Inc. is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets. As of September 26, 2017, the Company owns and operates 55 multifamily apartment properties, totaling 15,165 units. Its properties include Copper Mill, Crestmont, Heritage Trace, Runaway Bay, Berkshire Square, The Crossings, Reserve at Eagle Ridge, Windrush, Heritage Park, Raindance, Augusta, Invitational, Carrington Park, Walnut Hill, Lenoxplace, Bennington Pond, Jamestown, Meadows, Oxmoor, Bayview Club, Arbors River Oaks, Fox Trails, Bridge Pointe, The Aventine Greenville and Westmont Commons.
Industry, Sector and Symbol
Industry Residential REITs
Trailing P/E Ratio19.952380952381
Forward P/E Ratio10.86
Sales & Book Value
Annual Sales$160.50 million
Price / Sales4.41
Cash Flow$0.40 per share
Price / Cash21.36
Book Value$7.66 per share
Price / Book1.11
Return on Equity5.36%
Return on Assets2.25%
Independence Realty Trust (NYSE:IRT) Frequently Asked Questions
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 often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust?
Independence Realty Trust announced a monthly dividend on Friday, October 13th. Investors of record on Friday, December 29th will be given a dividend of $0.06 per share on Monday, January 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date of this dividend is Thursday, December 28th. View Independence Realty Trust's Dividend History.
How were Independence Realty Trust's earnings last quarter?
Independence Realty Trust Inc (NYSE:IRT) issued its earnings results on Tuesday, February, 20th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.01. The real estate investment trust had revenue of $42.31 million for the quarter, compared to analyst estimates of $43.59 million. Independence Realty Trust had a net margin of 18.80% and a return on equity of 5.36%. Independence Realty Trust's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. View Independence Realty Trust's Earnings History.
What guidance has Independence Realty Trust issued on next quarter's earnings?
Independence Realty Trust issued an update on its FY18 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of $0.74-$0.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.81.
Where is Independence Realty Trust's stock going? Where will Independence Realty Trust's stock price be in 2018?
6 brokers have issued twelve-month target prices for Independence Realty Trust's stock. Their forecasts range from $11.00 to $12.00. On average, they anticipate Independence Realty Trust's stock price to reach $11.33 in the next year. View Analyst Ratings for Independence Realty Trust.
What are Wall Street analysts saying about Independence Realty Trust stock?
Here are some recent quotes from research analysts about Independence Realty Trust stock:
- 1. According to Zacks Investment Research, "Independence Realty Trust, Inc. is a real estate investment trust. It is focused on acquiring and owning well-located garden-style and mid-rise apartment properties. The Company owns apartment properties primarily in Arizona, Colorado, Georgia, Indiana, Texas and Virginia. Independence Realty Trust, Inc. is based in United States. " (1/25/2018)
- 2. National Securities analysts commented, "Call to Action: Despite being nearly twice the size today as it was a year ago and having internalized its management company, IRT’s FFO has remained otherwise stagnant in an ideal macro environment for MF REITs. Though the macro environment today is essentially the best it’s ever been, with record high national rents, IRT continues to struggle to deliver higher returns and thus drive its dividend upward. Matter of fact, its 3Q17 FFO was down both Q/Q and Y/Y and on a diluted basis FFO fell $0.05 short of the quarterly dividend commitment. In the environment we’re operating in, record high MF rents, near record low MF vacancy, this is unacceptable. Though we tend to favor smaller, growth oriented MF REITs operating in secondary and tertiary markets where a favorable cost of capital usually provides them an advantage in the asset acquisition arena, IRT has to deliver on additional operational improvements to a warrant any kind of rating change. As such, we are maintaining our Neutral rating but adjusting our $9.00 price target to $11.00." (11/22/2017)
Who are some of Independence Realty Trust's key competitors?
Some companies that are related to Independence Realty Trust include ARMOUR Residential REIT (ARR), New Senior Investment Group (SNR), Altisource Residential (RESI), Preferred Apartment Communities (APTS), NexPoint Residential Trust (NXRT), UMH Properties (UMH), Bluerock Residential Growth REIT (BRG), BRT Apartments (BRT), Clipper Realty (CLPR), American Residential Properties (ARPI), Campus Crest Communities (CCG), Colony Capital (CLNY) and Silver Bay Realty Trust (SBY).
Who are Independence Realty Trust's key executives?
Independence Realty Trust's management team includes the folowing people:
- Scott F. Schaeffer, Chairman of the Board, Chief Executive Officer (Age 54)
- Farrell M. Ender, President (Age 41)
- James J. Sebra, Chief Financial Officer, Treasurer (Age 41)
- Richard H. Ross CPA, Director (Age 58)
- William C. Dunkelberg Ph.D., Independent Director (Age 74)
- Richard D. Gebert, Independent Director
- Melinda H. McClure, Independent Director (Age 49)
- Mack D. Pridgen III, Independent Director (Age 67)
Who owns Independence Realty Trust stock?
Independence Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.59%), Alliancebernstein L.P. (5.02%), Highland Capital Management LP (2.95%), Jennison Associates LLC (1.88%), Bank of New York Mellon Corp (1.59%) and LSV Asset Management (1.50%). Company insiders that own Independence Realty Trust stock include Farrell M Ender, James J Sebra, Mack D Pridgen III, Rait Financial Trust, Richard H Ross, Scott Schaeffer and Sharon M Tsao. View Institutional Ownership Trends for Independence Realty Trust.
Who sold Independence Realty Trust stock? Who is selling Independence Realty Trust stock?
Independence Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including Highland Capital Management LP, LSV Asset Management, Citadel Advisors LLC, Alliancebernstein L.P., Barings LLC, Goldman Sachs Group Inc., Phocas Financial Corp. and Sterling Capital Management LLC. View Insider Buying and Selling for Independence Realty Trust.
Who bought Independence Realty Trust stock? Who is buying Independence Realty Trust stock?
Independence Realty Trust's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Centaurus Financial Inc., Renaissance Technologies LLC, LDR Capital Management LLC, Jennison Associates LLC, Deutsche Bank AG, Taylor Frigon Capital Management LLC and Arizona State Retirement System. Company insiders that have bought Independence Realty Trust stock in the last two years include Farrell M Ender, James J Sebra, Mack D Pridgen III, Scott Schaeffer and Sharon M Tsao. View Insider Buying and Selling for Independence Realty Trust.
How do I buy Independence Realty Trust stock?
Shares of Independence Realty Trust 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, Scottrade, Fidelity and Charles Schwab.
What is Independence Realty Trust's stock price today?
One share of Independence Realty Trust stock can currently be purchased for approximately $8.47.
How big of a company is Independence Realty Trust?
Independence Realty Trust has a market capitalization of $699.89 million and generates $160.50 million in revenue each year. The real estate investment trust earns $-9,800,000.00 in net income (profit) each year or $0.42 on an earnings per share basis. Independence Realty Trust employs 395 workers across the globe.
How can I contact Independence Realty Trust?
Independence Realty Trust's mailing address is 50 S 16th St Ste 3575, PHILADELPHIA, PA 19102-2568, United States. The real estate investment trust can be reached via phone at +1-267-2704800 or via email at [email protected]
MarketBeat Community Rating for Independence Realty Trust (IRT)MarketBeat's community ratings are surveys of what our community members think about Independence Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Independence Realty Trust (NYSE:IRT) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.83||2.83||2.83||3.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$11.33||$11.20||$11.20||$10.31|
|Price Target Upside: ||31.78% upside||10.24% upside||7.02% upside||1.50% upside|
Independence Realty Trust (NYSE:IRT) Consensus Price Target History
Independence Realty Trust (NYSE:IRT) Analyst Ratings History
(Data available from 2/22/2016 forward)
Independence Realty Trust (NYSE:IRT) Earnings History and Estimates Chart
Independence Realty Trust (NYSE IRT) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/20/2018||Q4 2017||$0.19||$0.18||$43.59 million||$42.31 million||View||Listen|
|10/31/2017||Q3 2017||$0.08||$0.19||$40.38 million||$39.86 million||View||N/A|
|8/1/2017||Q2 2017||$0.18||$0.19||$39.43 million||$39.43 million||View||Listen|
|5/2/2017||Q1 2017||$0.18||$0.18||$38.53 million||$38.90 million||View||Listen|
|2/16/2017||Q416||$0.16||$0.17||$38.72 million||$38.00 million||View||N/A|
|10/28/2016||Q316||$0.21||$0.21||$38.95 million||$38.40 million||View||Listen|
|8/3/2016||Q216||$0.21||$0.22||$38.13 million||$38.27 million||View||N/A|
|5/4/2016||Q116||$0.21||$0.21||$39.18 million||$38.67 million||View||N/A|
|2/18/2016||Q415||$0.21||$0.22||$39.93 million||$39.70 million||View||Listen|
|10/30/2015||Q315||$0.20||$0.20||$26.77 million||$25.50 million||View||Listen|
|7/29/2015||Q215||$0.19||$0.19||$22.41 million||$22.80 million||View||Listen|
|5/1/2015||Q115||$0.20||$0.19||$22.17 million||$21.70 million||View||N/A|
|2/25/2015||Q414||$0.14||$0.17||$16.37 million||$16.40 million||View||N/A|
|10/31/2014||Q314||$0.15||$0.17||$13.30 million||$13.10 million||View||N/A|
|8/1/2014||Q2||$0.18||$0.19||$11.95 million||$11.60 million||View||Listen|
|5/8/2014||Q1||$0.15||$0.17||$7.89 million||$8.14 million||View||Listen|
|2/26/2014||Q4||($0.01)||$0.20||$5.70 million||$5.77 million||View||N/A|
|11/1/2013||Q313||$0.16||$0.17||$4.70 million||$4.79 million||View||Listen|
Independence Realty Trust (NYSE:IRT) Earnings Estimates
2018 EPS Consensus Estimate: $0.77
2019 EPS Consensus Estimate: $0.86
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Independence Realty Trust (NYSE:IRT) Dividend Information
|Most Recent Dividend:||1/15/2018|
|Dividend Growth:||0.30% (3 Year Average)|
|Payout Ratio:||171.43% (Trailing 12 Months of Earnings) |
92.31% (Based on This Year's Estimates)
88.89% (Based on Next Year's Estimates)
Independence Realty Trust (NYSE:IRT) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Independence Realty Trust (NYSE IRT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.58%
Institutional Ownership Percentage: 81.35%
Independence Realty Trust (NYSE IRT) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|8/7/2017||Scott Schaeffer||CEO||Buy||35,000||$10.12||$354,200.00||155,306|| |
|11/7/2016||Scott Schaeffer||CEO||Buy||10,000||$8.42||$84,200.00||106,894|| |
|11/4/2016||Farrell M Ender||President||Buy||2,000||$7.90||$15,800.00||90,721|| |
|11/4/2016||James J Sebra||CFO||Buy||2,500||$7.90||$19,750.00||47,949|| |
|11/2/2016||Mack D Pridgen III||Director||Buy||1,351||$8.03||$10,848.53||39,588|| |
|10/5/2016||Rait Financial Trust||Major Shareholder||Sell||7,269,719||$8.55||$62,156,097.45|| |
|5/17/2016||Scott Schaeffer||CEO||Buy||12,000||$7.67||$92,040.00||96,894|| |
|5/17/2016||Sharon M Tsao||Director||Buy||1,000||$7.75||$7,750.00||8,000|| |
|2/23/2016||Richard H Ross||Director||Sell||16,000||$6.43||$102,880.00||25,705|| |
|12/8/2015||Richard H Ross||Director||Buy||1,000||$7.50||$7,500.00||41,705|| |
|6/12/2015||Robert F Mccadden||Director||Buy||2,000||$8.39||$16,780.00|| |
|6/4/2015||Sharon M Tsao||Director||Buy||1,000||$8.55||$8,550.00|| |
|6/3/2015||Farrell M Ender||President||Buy||3,000||$8.68||$26,040.00|| |
|7/21/2014||Rait Financial Trust||Major Shareholder||Buy||300,000||$9.50||$2,850,000.00|| |
|1/29/2014||Rait Financial Trust||major shareholder||Buy||1,204,819||$8.30||$9,999,997.70|| |
|8/16/2013||James J Sebra||CFO||Buy||1,000||$8.50||$8,500.00|| |
|8/16/2013||Rait Financial Trust||Major Shareholder||Buy||170,000||$8.50||$1,445,000.00|| |
|8/16/2013||Robert F Mccadden||Director||Buy||5,000||$8.50||$42,500.00|| |
Independence Realty Trust (NYSE IRT) News Headlines
|Independence Realty Trust Inc (IRT) Expected to Earn Q2 2018 Earnings of $0.19 Per Share|
www.americanbankingnews.com - February 22 at 9:46 AM
|Equities Analysts Set Expectations for Independence Realty Trust Inc's Q1 2018 Earnings (IRT)|
www.americanbankingnews.com - February 22 at 8:10 AM
|Independence Realty Trust (IRT) Issues FY18 Earnings Guidance|
www.americanbankingnews.com - February 20 at 11:04 AM
|Independence Realty Trust (IRT) Issues Earnings Results, Beats Expectations By $0.11 EPS|
www.americanbankingnews.com - February 20 at 8:58 AM
| Analysts Expect Independence Realty Trust Inc (IRT) to Post $0.19 EPS|
www.americanbankingnews.com - February 16 at 3:06 AM
|Independence Realty Trust Inc (IRT) Receives Average Rating of "Buy" from Brokerages|
www.americanbankingnews.com - February 10 at 5:34 PM
|Independence Realty Trust (IRT) vs. American Residential Properties (ARPI) Head to Head Review|
www.americanbankingnews.com - February 8 at 3:14 PM
|Independence Realty Trust (IRT) to Release Quarterly Earnings on Wednesday|
www.americanbankingnews.com - February 7 at 2:32 AM
|Zacks: Analysts Expect Independence Realty Trust Inc (IRT) Will Post Quarterly Sales of $42.51 Million|
www.americanbankingnews.com - February 1 at 6:48 AM
|Independence Realty Trust (IRT) Lowered to Strong Sell at Zacks Investment Research|
www.americanbankingnews.com - January 28 at 10:34 AM
|Head to Head Survey: Independence Realty Trust (IRT) vs. ARMOUR Residential REIT (ARR)|
www.americanbankingnews.com - January 28 at 7:18 AM
|Independence Realty Trust Announces Fourth Quarter 2017 Earnings Release Date and Conference Call - Business Wire (press release)|
www.businesswire.com - January 27 at 6:52 AM
|Independence Realty Trust Announces Fourth Quarter 2017 Earnings Release Date and Conference Call|
finance.yahoo.com - January 26 at 6:45 AM
|Independence Realty Trust Announces Tax Treatment of Dividends in 2017|
finance.yahoo.com - January 23 at 12:49 PM
|Independence Realty Trust Inc (IRT) Short Interest Update|
www.americanbankingnews.com - January 17 at 3:28 AM
|Independence Realty Trust Inc (IRT) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - January 16 at 5:08 PM
|Independence Realty Trust Inc (IRT) Expected to Announce Quarterly Sales of $42.51 Million|
www.americanbankingnews.com - January 15 at 9:44 PM
|7% Dividend Yield And 16% Upside With Independence Realty Trust - Seeking Alpha|
seekingalpha.com - January 11 at 4:19 PM
|Independence Realty Trust, Inc. Completes 2017 Investment Activity - Business Wire (press release)|
www.businesswire.com - January 5 at 10:55 AM
|Independence Realty Trust (IRT) Upgraded by ValuEngine to "Strong-Buy"|
www.americanbankingnews.com - January 1 at 8:14 PM
|What's Happening With These REIT Stocks? -- AGNC Investment, Independence Realty Trust, American Campus ... - PR Newswire (press release)|
www.prnewswire.com - December 28 at 1:06 PM
|Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for December 28, 2017 - Nasdaq|
www.nasdaq.com - December 27 at 3:39 PM
|Independence Realty Trust, Inc. (IRT) Expected to Post Earnings of $0.18 Per Share|
www.americanbankingnews.com - December 27 at 1:20 PM
|Independence Realty Trust, Inc. (IRT) Receives Consensus Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - December 22 at 5:58 PM
|Independence Realty Trust (IRT) vs. Clipper Realty (CLPR) Critical Analysis|
www.americanbankingnews.com - December 20 at 5:26 PM
|Independence Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : IRT-US : December 20, 2017|
finance.yahoo.com - December 20 at 10:47 AM
|$42.51 Million in Sales Expected for Independence Realty Trust, Inc. (IRT) This Quarter|
www.americanbankingnews.com - December 12 at 12:28 PM
|KeyCorp Comments on Independence Realty Trust, Inc.'s FY2017 Earnings (IRT)|
www.americanbankingnews.com - December 8 at 6:44 AM
|KeyBanc Starts Independence Realty Trust (IRT) at Sector Weight - StreetInsider.com|
www.streetinsider.com - December 7 at 11:08 AM
|Independence Realty Trust (IRT) Coverage Initiated at KeyCorp|
www.americanbankingnews.com - December 5 at 11:22 AM
|Independence Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : IRT-US : December 1, 2017|
finance.yahoo.com - December 1 at 5:58 PM
|Short Interest in Independence Realty Trust, Inc. (IRT) Decreases By 34.7%|
www.americanbankingnews.com - December 1 at 4:51 AM
|Independence Realty Trust: Worth The Risk? - Seeking Alpha|
seekingalpha.com - November 29 at 10:50 AM
|Independence Realty Trust, Inc. (IRT) Ex-Dividend Date Scheduled for November 29, 2017 - Nasdaq|
www.nasdaq.com - November 28 at 4:09 PM
|Independence Realty Trust, Inc. (IRT) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - November 27 at 8:08 PM
|Zacks: Analysts Expect Independence Realty Trust, Inc. (IRT) Will Announce Quarterly Sales of $43.11 Million|
www.americanbankingnews.com - November 24 at 9:52 AM
|Independence Realty Trust, Inc. (IRT) Price Target Raised to $11.00|
www.americanbankingnews.com - November 22 at 3:44 PM
| Brokerages Expect Independence Realty Trust, Inc. (IRT) to Post $0.18 Earnings Per Share|
www.americanbankingnews.com - November 22 at 5:22 AM
|Independence Realty Trust Enters Into $100M Loan|
seekingalpha.com - November 21 at 8:15 PM
|Independence Realty Trust Obtains $100 Million Term Loan - Business Wire (press release)|
www.businesswire.com - November 21 at 2:52 AM
|BRIEF-Independence Realty Trust obtains $100 mln term loan|
www.reuters.com - November 20 at 4:50 PM
|Independence Realty Trust Obtains $100 Million Term Loan|
finance.yahoo.com - November 20 at 4:49 PM
|Reviewing Independence Realty Trust (IRT) & Its Peers|
www.americanbankingnews.com - November 18 at 7:26 PM
|Independence Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : IRT-US : November 15, 2017|
finance.yahoo.com - November 17 at 7:39 AM
|Reviewing Independence Realty Trust (IRT) and Its Competitors|
www.americanbankingnews.com - November 16 at 10:18 AM
|IRT Breaks Above 7% Yield Territory|
www.thestreet.com - November 15 at 3:21 AM
|Independence Realty Trust (IRT) and Its Competitors Financial Analysis|
www.americanbankingnews.com - November 8 at 7:28 PM
|Equities Analysts Offer Predictions for Independence Realty Trust, Inc.'s FY2017 Earnings (IRT)|
www.americanbankingnews.com - November 6 at 4:38 AM
|B. Riley Reiterates Buy Rating for Independence Realty Trust, Inc. (IRT)|
www.americanbankingnews.com - November 4 at 12:54 PM
|Independence Realty Trust, Inc. (IRT) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - November 2 at 9:44 PM
Independence Realty Trust (NYSE:IRT) SEC Filings
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Independence Realty Trust (NYSE:IRT) Income Statement, Balance Sheet and Cash Flow Statement
Independence Realty Trust (NYSE IRT) Stock Chart for Thursday, February, 22, 2018