Independence Realty Trust - IRT Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IRT shares.
View IRT analyst ratings or view top-rated stocks.

9 equities research analysts have issued 1 year target prices for Independence Realty Trust's stock. Their IRT share price forecasts range from $20.00 to $30.00. On average, they predict the company's stock price to reach $24.83 in the next year. This suggests a possible upside of 43.3% from the stock's current price.
View analysts price targets for IRT or view top-rated stocks among Wall Street analysts.

Independence Realty Trust's stock was trading at $25.83 on January 1st, 2022. Since then, IRT shares have decreased by 32.9% and is now trading at $17.33.
View the best growth stocks for 2022 here.

Independence Realty Trust saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 4,260,000 shares, a decline of 8.6% from the October 31st total of 4,660,000 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is presently 2.1 days.
View Independence Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our IRT earnings forecast.

Independence Realty Trust, Inc. (NYSE:IRT) issued its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.09. Independence Realty Trust had a trailing twelve-month return on equity of 3.04% and a net margin of 20.68%. During the same quarter in the previous year, the firm earned $0.18 earnings per share.

Independence Realty Trust declared a quarterly dividend on Monday, September 12th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.14 per share on Friday, October 21st. This represents a $0.56 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for IRT.

Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.12%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 91.80%. 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 46.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRT.

Independence Realty Trust updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $1.07-$1.08 for the period, compared to the consensus earnings per share estimate of $1.08. The company issued revenue guidance of -.

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.

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 Vanguard Group Inc. (14.44%), BlackRock Inc. (13.40%), State Street Corp (5.74%), Long Pond Capital LP (4.57%), Macquarie Group Ltd. (2.59%) and Alliancebernstein L.P. (2.03%). Insiders that own company stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
View institutional ownership trends.

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.

One share of IRT stock can currently be purchased for approximately $17.33.

Independence Realty Trust (NYSE:IRT) has a market capitalization of $3.88 billion and generates $250.25 million in revenue each year. The real estate investment trust earns $44.59 million in net income (profit) each year or $0.61 on an earnings per share basis.

The company employs 937 workers across the globe.

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.