NYSE:IRTIndependence Realty Trust Stock Price, Forecast & News

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, IRT stock has decreased by 12.9% and is now trading at $10.93. View which stocks have been most impacted by Coronavirus.

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.

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Independence Realty Trust.

Independence Realty Trust Inc (NYSE:IRT) posted its earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.26 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.09 by $0.17. The real estate investment trust earned $51.43 million during the quarter, compared to analyst estimates of $52.28 million. Independence Realty Trust had a net margin of 20.98% and a return on equity of 6.99%. View Independence Realty Trust's earnings history.

Independence Realty Trust announced a quarterly dividend on Monday, June 15th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.12 per share on Friday, July 24th. This represents a $0.48 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Wednesday, July 1st. View Independence Realty Trust's dividend history.

6 brokerages have issued twelve-month price targets for Independence Realty Trust's shares. Their forecasts range from $7.50 to $16.00. On average, they anticipate Independence Realty Trust's stock price to reach $12.38 in the next year. This suggests a possible upside of 13.2% from the stock's current price. View analysts' price targets for Independence Realty Trust.

News stories about IRT stock have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Independence Realty Trust earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Independence Realty Trust.

Some companies that are related to Independence Realty Trust include JBG SMITH Properties (JBGS), Starwood Property Trust (STWD), QTS Realty Trust (QTS), Equity Commonwealth (EQC), Healthcare Realty Trust (HR), Highwoods Properties (HIW), SL Green Realty (SLG), PS Business Parks (PSB), Brixmor Property Group (BRX), MGM Growth Properties (MGP), Agree Realty (ADC), Physicians Realty Trust (DOC), Rayonier (RYN), Blackstone Mortgage Trust (BXMT) and Sabra Health Care REIT (SBRA). View all competitors.

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), AT&T (T), Government Properties Income Trust (GOV), New Residential Investment (NRZ), Equinix (EQIX), CBL & Associates Properties (CBL), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI) and Ares Capital (ARCC).

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 retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.45%), Eidelman Virant Capital (0.06%) and 6 Meridian (0.03%). 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.

IRT stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian, and Eidelman Virant Capital. View insider buying and selling activity for Independence Realty Trust.

IRT stock was acquired by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co.. 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.

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 $10.93.

Independence Realty Trust has a market capitalization of $1.04 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.

The official website for Independence Realty Trust is 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]