NYSE:IRT Independence Realty Trust - IRT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Independence Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $15.24 +0.05 (+0.33%) (As of 03/28/2023 11:51 AM ET) Add Compare Share Share Today's Range$14.95▼$15.3050-Day Range$14.77▼$19.4752-Week Range$14.55▼$28.42Volume331,774 shsAverage Volume2.06 million shsMarket Capitalization$3.42 billionP/E Ratio28.76Dividend Yield3.67%Price Target$20.81 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Independence Realty Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside36.7% Upside$20.81 Price TargetShort InterestHealthy3.34% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.54Upright™ Environmental ScoreNews Sentiment1.21Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth6.09%From $1.15 to $1.22 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector97th out of 891 stocksReal Estate Investment Trusts Industry12th out of 190 stocks 4.3 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.81, Independence Realty Trust has a forecasted upside of 36.7% from its current price of $15.23.Amount of Analyst CoverageIndependence Realty Trust has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.34% of the outstanding shares of Independence Realty Trust have been sold short.Short Interest Ratio / Days to CoverIndependence Realty Trust has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independence Realty Trust has recently increased by 12.46%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipIndependence Realty Trust is a leading dividend payer. It pays a dividend yield of 3.68%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependence Realty Trust has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Independence Realty Trust is 105.66%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 45.90% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIndependence Realty Trust has received a 21.61% net impact score from Upright. Independence Realty seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in apartment buildings", "Real estate funds investing in rental apartments", and "Residential real estate leasing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Independence Realty Trust is -3.54. Previous Next 3.5 News and Social Media Coverage News SentimentIndependence Realty Trust has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Independence Realty Trust this week, compared to 2 articles on an average week.Search Interest9 people have searched for IRT on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.58% of the stock of Independence Realty Trust is held by insiders.Percentage Held by Institutions81.01% of the stock of Independence Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 6.09% in the coming year, from $1.15 to $1.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is 28.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is 28.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 136.68.Price to Earnings Growth RatioIndependence Realty Trust has a PEG Ratio of 6.64. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Independence Realty Trust (NYSE:IRT) StockIndependence 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.Read More Receive IRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independence Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address IRT Stock News HeadlinesMarch 27, 2023 | americanbankingnews.comHead to Head Contrast: Equity LifeStyle Properties (NYSE:ELS) & Independence Realty Trust (NYSE:IRT)March 21, 2023 | americanbankingnews.comAnalyzing Horizon Group Properties (OTCMKTS:HGPI) & Independence Realty Trust (NYSE:IRT)March 28, 2023 | Press Research (Ad)Nevada Could be the Source for America's Green FutureIndustry shift towards lithium driven by green energy goalsMarch 19, 2023 | americanbankingnews.comIndependence Realty Trust (NYSE:IRT) Earns Sell Rating from Analysts at StockNews.comMarch 16, 2023 | msn.comIndependence Realty Trust (IRT) Declares $0.14 DividendMarch 14, 2023 | finance.yahoo.comIndependence Realty Trust Announces Leadership Update and First Quarter 2023 DividendMarch 11, 2023 | finance.yahoo.comAre Independence Realty Trust, Inc.'s (NYSE:IRT) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?March 3, 2023 | benzinga.comIndependence Realty Trust to Present at Citi's 2023 Global Property CEO ConferenceMarch 28, 2023 | Press Research (Ad)Lithium Could Be 2023's Next Big SurpriseLithium is the hottest commodity for our green futureMarch 3, 2023 | finance.yahoo.comIndependence Realty Trust to Present at Citi’s 2023 Global Property CEO ConferenceFebruary 18, 2023 | seekingalpha.comIndependence Realty Trust, Inc. (IRT) Q4 2022 Earnings Call TranscriptFebruary 18, 2023 | finance.yahoo.comIndependence Realty Trust Full Year 2022 Earnings: EPS Beats ExpectationsFebruary 15, 2023 | finance.yahoo.comIndependence Realty Trust Announces Fourth Quarter and Full Year 2022 Financial ResultsFebruary 15, 2023 | benzinga.comIndependence Realty Trust Shows Continued Price StrengthFebruary 14, 2023 | finance.yahoo.com12 High Growth Real Estate Stocks that are ProfitableJanuary 30, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Independence Realty TrustJanuary 27, 2023 | finance.yahoo.comIndependence Realty Trust Announces Tax Treatment of Dividends in 2022January 10, 2023 | seekingalpha.comIndependence Realty Trust: A Modestly Valued Multifamily REIT With Sunbelt ConcentrationJanuary 3, 2023 | msn.comThe Latest Analyst Ratings for Independence Realty TrustDecember 14, 2022 | finance.yahoo.comIndependence Realty Trust Announces Inaugural Sustainability ReportDecember 12, 2022 | msn.comIndependence Realty Trust declares $0.14 dividendDecember 12, 2022 | finance.yahoo.comIndependence Realty Trust Announces Fourth Quarter 2022 DividendDecember 8, 2022 | finance.yahoo.comIndependence Realty Trust, Inc. (NYSE:IRT) is favoured by institutional owners who hold 82% of the companyDecember 7, 2022 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About Independence Realty TrustNovember 16, 2022 | finance.yahoo.comHere's Why We Think Independence Realty Trust (NYSE:IRT) Might Deserve Your Attention TodayNovember 10, 2022 | benzinga.comIndependence Realty Trust Provides Business Update in Advance of Participating in Nareit's REITworld 2022 Annual ConferenceNovember 8, 2022 | finance.yahoo.comIndependence Realty Trust Provides Business Update in Advance of Participating in Nareit’s REITworld 2022 Annual ConferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independence Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address IRT Company Calendar Last Earnings5/03/2022Ex-Dividend for 1/20 Dividend12/29/2022Dividend Payable1/20/2023Today3/28/2023Ex-Dividend for 4/21 Dividend3/30/2023Dividend Payable4/21/2023Next Earnings (Estimated)5/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:IRT CUSIPN/A CIK1466085 Webwww.irtliving.com Phone(267) 270-4800FaxN/AEmployees937Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$0.53 Trailing P/E Ratio28.66 Forward P/E Ratio13.21 P/E Growth6.64Net Income$117.25 million Net Margins18.66% Pretax Margin19.20% Return on Equity3.15% Return on Assets1.81% Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$628.53 million Price / Sales5.42 Cash Flow$1.67 per share Price / Cash Flow9.12 Book Value$16.68 per share Price / Book0.91Miscellaneous Outstanding Shares224,430,000Free Float223,125,000Market Cap$3.41 billion OptionableOptionable Beta1.00 Key ExecutivesScott F. SchaefferChairman & Chief Executive OfficerFarrell M. EnderPresidentMike DaleyExecutive Vice President-Operations & PeopleJames J. SebraChief Financial Officer & TreasurerJessica K. NormanSecretary & Executive VP & General CounselKey CompetitorsEssential Properties Realty TrustNYSE:EPRTKilroy RealtyNYSE:KRCPhysicians Realty TrustNYSE:DOCApple Hospitality REITNYSE:APLENational Storage Affiliates TrustNYSE:NSAView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 821 shares on 3/15/2023Ownership: 0.029%Voya Investment Management LLCBought 25,429 shares on 2/28/2023Ownership: 0.066%Teachers Retirement System of The State of KentuckySold 36,768 shares on 2/22/2023Ownership: 0.052%B. Riley Wealth Advisors Inc.Bought 821 shares on 2/21/2023Ownership: 0.029%Northwestern Mutual Wealth Management Co.Sold 2,725 shares on 2/21/2023Ownership: 0.007%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Independence Realty Trust's stock? ETFs with the largest weight of Independence Realty Trust (NYSE:IRT) stock in their portfolio include Residential REIT Income ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE), JPMorgan Realty Income ETF (JPRE), Hoya Capital Housing ETF (HOMZ), iShares Residential and Multisector Real Estate ETF (REZ), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and SPDR Dow Jones REIT ETF (RWR). 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? 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). 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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