Independence Realty Trust Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Independence Realty Trust stock.
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Independence Realty Trust saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,490,000 shares, a drop of 72.1% from the June 15th total of 5,340,000 shares. Based on an average daily trading volume, of 631,800 shares, the short-interest ratio is currently 2.4 days. Approximately 1.5% of the company's shares are sold short.
View Independence Realty Trust's Short Interest.

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Independence Realty Trust.

Independence Realty Trust, Inc. (NYSE:IRT) posted its quarterly earnings results on Sunday, July, 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.03. Independence Realty Trust had a trailing twelve-month return on equity of 2.45% and a net margin of 7.54%.
View Independence Realty Trust's earnings history.

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 increased by 49.2% and is now trading at $18.72.
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Independence Realty Trust announced a quarterly dividend on Tuesday, June 15th. Shareholders of record on Friday, July 2nd will be paid a dividend of $0.12 per share on Friday, July 23rd. This represents a $0.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, July 1st.
View Independence Realty Trust's dividend history.

Independence Realty Trust pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.63%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 57.14% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.
View Independence Realty Trust's dividend history.

Independence Realty Trust issued an update on its FY 2021 earnings guidance on Monday, July, 26th. The company provided earnings per share guidance of $0.760-$0.780 for the period. The company issued revenue guidance of -.

6 brokers have issued 1 year price targets for Independence Realty Trust's shares. Their forecasts range from $13.00 to $21.00. On average, they anticipate Independence Realty Trust's stock price to reach $17.32 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for Independence Realty Trust or view top-rated stocks among Wall Street analysts.

6 employees have rated Independence Realty Trust CEO Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among Independence Realty Trust's employees.

Some companies that are related to Independence Realty Trust include Starwood Property Trust (STWD), Klépierre (KLPEF), First Industrial Realty Trust (FR), EastGroup Properties (EGP), American Campus Communities (ACC), Brixmor Property Group (BRX), STAG Industrial (STAG), Healthcare Trust of America (HTA), CoreSite Realty (COR), Douglas Emmett (DEI), Cousins Properties (CUZ), MGM Growth Properties (MGP), QTS Realty Trust (QTS), SL Green Realty (SLG) and Rayonier (RYN).
View all of IRT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Realty Trust investors own include Annaly Capital Management (NLY), Energy Transfer (ET), AT&T (T), Government Properties Income Trust (GOV), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Ares Capital (ARCC), New Residential Investment (NRZ), Verizon Communications (VZ) and CBL & Associates Properties (CBL).

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

Independence Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.11%), Taylor Frigon Capital Management LLC (0.08%) and Oregon Public Employees Retirement Fund (0.04%). 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 purchased by a variety of institutional investors in the last quarter, including Taylor Frigon Capital Management LLC, State of Alaska Department of Revenue, and Oregon Public Employees Retirement Fund. 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 or or view top insider-buying stocks.

Shares of IRT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IRT stock can currently be purchased for approximately $18.72.

Independence Realty Trust has a market capitalization of $1.91 billion and generates $211.91 million in revenue each year. The real estate investment trust earns $14.77 million in net income (profit) each year or $0.80 on an earnings per share basis.

Independence Realty Trust employs 444 workers across the globe.

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

Independence Realty Trust is headquartered at 1835 Market Street Suite 2601, Philadelphia PA, 19103.

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]