Independence Realty Trust Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Independence Realty Trust stock.
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Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Independence Realty Trust.

Independence Realty Trust, Inc. (NYSE:IRT) posted its quarterly earnings results on Wednesday, April, 28th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.01. Independence Realty Trust had a net margin of 7.54% and a trailing twelve-month return on equity of 2.45%.
View Independence Realty Trust's earnings history.

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IRT stock has increased by 46.0% and is now trading at $18.32.
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Independence Realty Trust announced a quarterly dividend on Tuesday, June 15th. Investors 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 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend 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 2.60%. 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 58.54% 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 updated its FY 2021 earnings guidance on Tuesday, June, 22nd. The company provided EPS guidance of $0.720-0.750 for the period. The company issued revenue guidance of -.

5 brokerages have issued 1 year price targets for Independence Realty Trust's shares. Their forecasts range from $13.00 to $20.00. On average, they expect Independence Realty Trust's stock price to reach $15.93 in the next year. This suggests that the stock has a possible downside of 13.1%.
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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 First Industrial Realty Trust (FR), Brixmor Property Group (BRX), EastGroup Properties (EGP), American Campus Communities (ACC), Healthcare Trust of America (HTA), STAG Industrial (STAG), Douglas Emmett (DEI), CoreSite Realty (COR), MGM Growth Properties (MGP), Cousins Properties (CUZ), The Howard Hughes (HHC), SL Green Realty (SLG), QTS Realty Trust (QTS), New Residential Investment (NRZ) and Rayonier (RYN).
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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 investors include BlackRock Inc. (18.66%), Alliancebernstein L.P. (4.72%), Jennison Associates LLC (3.25%), Renaissance Technologies LLC (3.02%), Geode Capital Management LLC (1.99%) and Aew Capital Management L P (1.91%). 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 Alliancebernstein L.P., Renaissance Technologies LLC, Bank of Montreal Can, Kennedy Capital Management Inc., Goldman Sachs Group Inc., Phocas Financial Corp., Hill Winds Capital LP, and Northern Trust Corp.
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IRT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Thrivent Financial for Lutherans, JPMorgan Chase & Co., Millennium Management LLC, Consolidated Capital Management LLC, Geode Capital Management LLC, Jennison Associates LLC, and Nuveen Asset Management LLC. 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 $18.32.

Independence Realty Trust has a market capitalization of $1.87 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]