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 announced a quarterly dividend on Monday, December 16th. Shareholders 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 4.88%. The ex-dividend date is Tuesday, December 24th. This is a positive change from Independence Realty Trust's previous quarterly dividend of $0.06. View Independence Realty Trust's Dividend History.

Independence Realty Trust Inc (NYSE:IRT) released its quarterly earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.17. The real estate investment trust had revenue of $51.43 million for the quarter, compared to the consensus estimate of $52.28 million. Independence Realty Trust had a net margin of 22.60% and a return on equity of 7.50%. 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 issued an update on 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 brokerages 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 twelve months. This suggests that the stock has a possible downside of 18.7%. 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.

Media coverage about IRT stock has been trending extremely positive on Thursday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independence Realty Trust earned a media sentiment score of 4.3 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Independence Realty Trust.

Some companies that are related to Independence Realty Trust include First Industrial Realty Trust (FR), JBG SMITH Properties (JBGS), Life Storage (LSI), Blackstone Mortgage Trust (BXMT), Highwoods Properties (HIW), Howard Hughes (HHC), Eastgroup Properties (EGP), Healthcare Realty Trust (HR), EPR Properties (EPR), Stag Industrial (STAG), PS Business Parks (PSB), Sabra Health Care REIT (SBRA), Ryman Hospitality Properties (RHP), CoreSite Realty (COR) and CHIMERA INVT CO/SH NEW (CIM).

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 retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (7.00%), Alliancebernstein L.P. (6.59%), State Street Corp (5.20%), Principal Financial Group Inc. (2.47%), Jennison Associates LLC (2.26%) and Geode Capital Management LLC (1.69%). 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, Alliancebernstein L.P., California Public Employees Retirement System, Virginia Retirement Systems ET AL and Russell Investments Group Ltd.. 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 $14.76.

Independence Realty Trust has a market capitalization of $1.35 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.View Additional Information About Independence Realty Trust.

The official website for Independence Realty Trust is http://www.irtliving.com/.

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]