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

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, June 17th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.18 per share on Thursday, July 25th. This represents a $0.72 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Thursday, June 27th. View Independence Realty Trust's Dividend History.

Independence Realty Trust Inc (NYSE:IRT) released its quarterly earnings data on Wednesday, July, 31st. The real estate investment trust reported $0.16 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.03. The real estate investment trust earned $50.85 million during the quarter, compared to analysts' expectations of $50.17 million. Independence Realty Trust had a net margin of 18.42% and a return on equity of 5.88%. View Independence Realty Trust's Earnings History.

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Independence Realty Trust.

6 equities research analysts have issued twelve-month target prices for Independence Realty Trust's stock. Their forecasts range from $10.25 to $11.00. On average, they anticipate Independence Realty Trust's stock price to reach $10.6875 in the next twelve months. This suggests that the stock has a possible downside of 22.7%. 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 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independence Realty Trust.

News coverage about IRT stock has been trending positive on Thursday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog 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 2.5 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the near term. View News Stories for Independence Realty Trust.

Some companies that are related to Independence Realty Trust include Life Storage (LSI), Rexford Industrial Realty (REXR), Blackstone Mortgage Trust (BXMT), Eastgroup Properties (EGP), Highwoods Properties (HIW), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), Sabra Health Care REIT (SBRA), CoreSite Realty (COR), Equity Commonwealth (EQC), Macerich (MAC), Outfront Media (OUT), Hospitality Properties Trust (HPT), Stag Industrial (STAG) and Two Harbors Investment (TWO).

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), Equinix (EQIX), New Residential Investment (NRZ), CBL & Associates Properties (CBL), Verizon Communications (VZ), Ares Capital (ARCC) and Prospect Capital (psec).

Independence Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.04%), Vanguard Group Inc. (11.26%), Renaissance Technologies LLC (5.31%), Invesco Ltd. (3.15%), Jennison Associates LLC (2.38%) and Jennison Associates LLC (2.39%). 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 Ancora Advisors LLC, BlackRock Inc., Phocas Financial Corp., Phocas Financial Corp., Virginia Retirement Systems ET AL, Jennison Associates LLC, Jennison Associates LLC and Teachers Insurance & Annuity Association of America. View Insider Buying and Selling for Independence Realty Trust.

IRT stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Morgan Stanley, Wells Fargo & Company MN, First Trust Advisors LP, Atlantic Union Bankshares Corp, Nuveen Asset Management LLC, Vanguard Group Inc. and Russell Investments Group Ltd.. 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, Scottrade, Fidelity and Charles Schwab.

One share of IRT stock can currently be purchased for approximately $13.83.

Independence Realty Trust has a market capitalization of $1.25 billion and generates $190.71 million in revenue each year. The real estate investment trust earns $26.29 million in net income (profit) each year or $0.74 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]