NYSE:IRT - Independence Realty Trust Stock Price, Forecast & News

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

Independence Realty Trust declared a quarterly dividend on Monday, December 16th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.18 per share on Friday, January 24th. This represents a $0.72 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Tuesday, December 24th. This is an increase from Independence Realty Trust's previous quarterly dividend of $0.06. View Independence Realty Trust's Dividend History.

Independence Realty Trust Inc (NYSE:IRT) announced its earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.17. The real estate investment trust earned $51.43 million during the quarter, compared to analysts' expectations of $52.28 million. View Independence Realty Trust's Earnings History.

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Independence Realty Trust.

Independence Realty Trust updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of 0.79-0.82 for the period.

6 analysts have issued 12 month target prices for Independence Realty Trust's shares. Their forecasts range from $11.00 to $14.00. On average, they anticipate Independence Realty Trust's share price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 27.0%. View Analyst Price Targets for Independence Realty Trust.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independence Realty Trust.

News articles about IRT stock have been trending neutral on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independence Realty Trust earned a news impact score of 0.2 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Independence Realty Trust.

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), Government Properties Income Trust (GOV), AT&T (T), New Residential Investment (NRZ), Equinix (EQIX), CBL & Associates Properties (CBL), Ares Capital (ARCC), Prospect Capital (PSEC) and Arlington Asset Investment (AI).

Independence Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (7.00%), State Street Corp (5.20%), Principal Financial Group Inc. (2.47%), Jennison Associates LLC (2.26%), Bank of New York Mellon Corp (1.58%) and Charles Schwab Investment Management Inc. (1.46%). Company insiders that own Independence Realty Trust stock include James J Sebra, Richard H Ross and Scott Schaeffer. View Institutional Ownership Trends for Independence Realty Trust.

IRT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, State of New Jersey Common Pension Fund D, Bank of New York Mellon Corp, Manning & Napier Group LLC, Citigroup Inc., Principal Financial Group Inc., Pinebridge Investments L.P. and Arizona State Retirement System. View Insider Buying and Selling for Independence Realty Trust.

IRT stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Robeco Institutional Asset Management B.V., Cipher Capital LP, Great West Life Assurance Co. Can, California Public Employees Retirement System, Virginia Retirement Systems ET AL, Russell Investments Group Ltd. and Syntal Capital Partners LLC. Company insiders that have bought Independence Realty Trust stock in the last two years include James J Sebra and Scott Schaeffer. View Insider Buying and Selling for 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.

One share of IRT stock can currently be purchased for approximately $16.44.