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NYSE:IRT

Independence Realty Trust - IRT Stock Forecast, Price & News

$15.24
+0.05 (+0.33%)
(As of 03/28/2023 11:51 AM ET)
Add
Compare
Today's Range
$14.95
$15.30
50-Day Range
$14.77
$19.47
52-Week Range
$14.55
$28.42
Volume
331,774 shs
Average Volume
2.06 million shs
Market Capitalization
$3.42 billion
P/E Ratio
28.76
Dividend Yield
3.67%
Price Target
$20.81

Independence Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
36.7% Upside
$20.81 Price Target
Short Interest
Healthy
3.34% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.54
Upright™ Environmental Score
News Sentiment
1.21mentions of Independence Realty Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.09%
From $1.15 to $1.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.11 out of 5 stars

Finance Sector

97th out of 891 stocks

Real Estate Investment Trusts Industry

12th out of 190 stocks


IRT stock logo

About Independence Realty Trust (NYSE:IRT) Stock

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.

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IRT Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 1/20 Dividend
12/29/2022
Dividend Payable
1/20/2023
Today
3/28/2023
Ex-Dividend for 4/21 Dividend
3/30/2023
Dividend Payable
4/21/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
937
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.81
High Stock Price Forecast
$24.50
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+37.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$117.25 million
Pretax Margin
19.20%

Debt

Sales & Book Value

Annual Sales
$628.53 million
Cash Flow
$1.67 per share
Book Value
$16.68 per share

Miscellaneous

Free Float
223,125,000
Market Cap
$3.41 billion
Optionable
Optionable
Beta
1.00

Key Executives

  • Scott F. Schaeffer
    Chairman & Chief Executive Officer
  • Farrell M. Ender
    President
  • Mike Daley
    Executive Vice President-Operations & People
  • James J. Sebra
    Chief Financial Officer & Treasurer
  • Jessica K. Norman
    Secretary & Executive VP & General Counsel













IRT Stock - Frequently Asked Questions

Should I buy or sell Independence Realty Trust stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IRT shares.
View IRT analyst ratings
or view top-rated stocks.

What is Independence Realty Trust's stock price forecast for 2023?

8 brokerages have issued twelve-month price targets for Independence Realty Trust's stock. Their IRT share price forecasts range from $17.00 to $24.50. On average, they predict the company's share price to reach $20.81 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts price targets for IRT
or view top-rated stocks among Wall Street analysts.

How have IRT shares performed in 2023?

Independence Realty Trust's stock was trading at $16.86 on January 1st, 2023. Since then, IRT shares have decreased by 9.9% and is now trading at $15.19.
View the best growth stocks for 2023 here
.

Are investors shorting Independence Realty Trust?

Independence Realty Trust saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 7,490,000 shares, an increase of 12.5% from the February 28th total of 6,660,000 shares. Based on an average trading volume of 2,010,000 shares, the short-interest ratio is presently 3.7 days.
View Independence Realty Trust's Short Interest
.

When is Independence Realty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our IRT earnings forecast
.

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust, Inc. (NYSE:IRT) announced its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. Independence Realty Trust had a net margin of 18.66% and a trailing twelve-month return on equity of 3.15%. During the same period in the previous year, the company posted $0.18 earnings per share.

How often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust?

Independence Realty Trust announced a quarterly dividend on Monday, March 13th. Stockholders of record on Friday, March 31st will be given a dividend of $0.14 per share on Friday, April 21st. This represents a $0.56 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for IRT
.

Is Independence Realty Trust a good dividend stock?

Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.68%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 105.66%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IRT will have a dividend payout ratio of 45.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRT.

What guidance has Independence Realty Trust issued on next quarter's earnings?

Independence Realty Trust issued an update on its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of $1.12-$1.16 for the period, compared to the consensus estimate of $1.16. The company issued revenue guidance of -.

What is Scott F. Schaeffer's approval rating as Independence Realty Trust's CEO?

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

What other stocks do shareholders of Independence Realty Trust own?
What is Independence Realty Trust's stock symbol?

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

Who are Independence Realty Trust's major shareholders?

Independence Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Macquarie Group Ltd. (3.91%), Long Pond Capital LP (2.34%), T. Rowe Price Investment Management Inc. (2.29%), Geode Capital Management LLC (2.08%), Alliancebernstein L.P. (2.06%) and Jennison Associates LLC (1.56%). Insiders that own company stock include Richard H Ross and Scott Schaeffer.
View institutional ownership trends
.

How do I buy shares of Independence Realty Trust?

Shares of IRT stock 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.
Compare Top Brokerages Here.

What is Independence Realty Trust's stock price today?

One share of IRT stock can currently be purchased for approximately $15.19.

How much money does Independence Realty Trust make?

Independence Realty Trust (NYSE:IRT) has a market capitalization of $3.41 billion and generates $628.53 million in revenue each year. The real estate investment trust earns $117.25 million in net income (profit) each year or $0.53 on an earnings per share basis.

How many employees does Independence Realty Trust have?

The company employs 937 workers across the globe.

How can I contact Independence Realty Trust?

Independence Realty Trust's mailing address is 1835 Market Street Suite 2601, Philadelphia PA, 19103. The official website for the company is www.irtliving.com. The real estate investment trust can be reached via phone at (267) 270-4800 or via email at irt@edelman.com.

This page (NYSE:IRT) was last updated on 3/28/2023 by MarketBeat.com Staff