NYSE:IRTIndependence Realty Trust Stock Price, Forecast & News

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IRT shares have decreased by 38.4% and is now trading at $7.73. View which stocks have been mosted 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 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Independence Realty Trust.

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Independence Realty Trust.

Independence Realty Trust Inc (NYSE:IRT) announced its quarterly earnings data on Wednesday, February, 12th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.09 by $0.17. The real estate investment trust had revenue of $51.43 million for the quarter, compared to analyst estimates of $52.28 million. Independence Realty Trust had a return on equity of 7.50% and a net margin of 22.60%. View Independence Realty Trust's earnings history.

Independence Realty Trust declared a quarterly dividend on Monday, March 16th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.18 per share on Friday, April 24th. This represents a $0.72 annualized dividend and a dividend yield of 9.31%. The ex-dividend date of this dividend is Wednesday, April 1st. View Independence Realty Trust's dividend history.

Independence Realty Trust updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 12th. The company provided EPS guidance of 0.79-0.82 for the period.

6 equities research analysts have issued 1-year target prices for Independence Realty Trust's shares. Their forecasts range from $11.00 to $16.00. On average, they expect Independence Realty Trust's share price to reach $13.25 in the next twelve months. This suggests a possible upside of 71.4% from the stock's current price. View analysts' price targets for Independence Realty Trust.

Media stories about IRT stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independence Realty Trust earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutIndependence Realty Trust.

Some companies that are related to Independence Realty Trust include Brixmor Property Group (BRX), Starwood Property Trust (STWD), Taubman Centers (TCO), Physicians Realty Trust (DOC), Agree Realty (ADC), Keppel REIT (KREVF), Lexington Realty Trust (LXP), Corporate Office Properties Trust (OFC), Howard Hughes (HHC), Sabra Health Care REIT (SBRA), Blackstone Mortgage Trust (BXMT), Easterly Government Properties (DEA), National Health Investors (NHI), Paramount Group (PGRE) and National Storage Affiliates Trust (NSA).

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 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 State of Alaska Department of Revenue (0.12%). 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 bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $7.73.

Independence Realty Trust has a market capitalization of $705.78 million 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]