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

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$10.04 -0.13 (-1.28 %)
(As of 01/18/2019 03:03 PM ET)
Previous Close$10.17
Today's Range$10.00 - $10.18
52-Week Range$8.26 - $10.59
Volume19,259 shs
Average Volume569,764 shs
Market Capitalization$894.54 million
P/E Ratio13.74
Dividend Yield7.16%
Beta0.84
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that currently owns and operates 59 multifamily apartment properties, totaling 16,120 units, across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return of capital through distributions and capital appreciation.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone267-270-4800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$160.50 million
Cash Flow$0.8019 per share
Book Value$7.74 per share

Profitability

Net Income$30.20 million

Miscellaneous

Employees421
Market Cap$894.54 million
OptionableOptionable

Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

What is Independence Realty Trust's stock symbol?

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

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 Friday, December 14th. Investors of record on Thursday, December 27th will be paid a dividend of $0.18 per share on Thursday, January 24th. This represents a $0.72 annualized dividend and a yield of 7.19%. The ex-dividend date is Wednesday, December 26th. View Independence Realty Trust's Dividend History.

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust Inc (NYSE:IRT) issued its quarterly earnings results on Thursday, November, 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.14. The real estate investment trust had revenue of $48.78 million for the quarter, compared to analyst estimates of $47.84 million. Independence Realty Trust had a net margin of 9.81% and a return on equity of 2.83%. View Independence Realty Trust's Earnings History.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for Independence Realty Trust.

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

Independence Realty Trust updated its FY 2018 earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $0.74-0.75 for the period.

What price target have analysts set for IRT?

6 brokers have issued 12-month price targets for Independence Realty Trust's stock. Their forecasts range from $10.00 to $11.00. On average, they expect Independence Realty Trust's stock price to reach $10.4375 in the next year. This suggests a possible upside of 4.2% from the stock's current price. View Analyst Price Targets for Independence Realty Trust.

What is the consensus analysts' recommendation 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 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independence Realty Trust.

Has Independence Realty Trust been receiving favorable news coverage?

News articles about IRT stock have trended somewhat positive on Friday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Independence Realty Trust earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.

Who are some of Independence Realty Trust's key competitors?

Who are Independence Realty Trust's key executives?

Independence Realty Trust's management team includes the folowing people:
  • Mr. Scott F. Schaeffer, Chairman & CEO (Age 56)
  • Mr. Farrell M. Ender, Pres (Age 42)
  • Mr. James J. Sebra, CFO & Treasurer (Age 42)
  • Mr. Jason R. Delozier, Chief Accounting Officer (Age 34)
  • Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets

Who are Independence Realty Trust's major shareholders?

Independence Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Nisa Investment Advisors LLC (0.05%) and Louisiana State Employees Retirement System (0.04%). 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.

Which major investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. View Insider Buying and Selling for Independence Realty Trust.

Which major investors are buying Independence Realty Trust stock?

IRT stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and State of Alaska Department of Revenue. 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.

How do I buy shares of 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.

What is Independence Realty Trust's stock price today?

One share of IRT stock can currently be purchased for approximately $10.02.

How big of a company is Independence Realty Trust?

Independence Realty Trust has a market capitalization of $894.54 million and generates $160.50 million in revenue each year. The real estate investment trust earns $30.20 million in net income (profit) each year or $0.73 on an earnings per share basis. Independence Realty Trust employs 421 workers across the globe.

What is Independence Realty Trust's official website?

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

How can I contact Independence Realty Trust?

Independence Realty Trust's mailing address is Two Liberty Place 50 S. 16th Street Suite 3575, Philadelphia PA, 19102. The real estate investment trust can be reached via phone at 267-270-4800 or via email at [email protected]


MarketBeat Community Rating for Independence Realty Trust (NYSE IRT)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  290 (Vote Underperform)
Total Votes:  543
MarketBeat's community ratings are surveys of what our community members think about Independence Realty Trust and other stocks. Vote "Outperform" if you believe IRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/18/2019 by MarketBeat.com Staff

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