NYSE:IRT Independence Realty Trust 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. $21.00 +0.27 (+1.30%) (As of 07/1/2022 08:44 PM ET) Add Compare Share Today's Range$20.36▼$21.0050-Day Range$20.50▼$27.9652-Week Range$16.50▼$28.42Volume1.89 million shsAverage Volume4.43 million shsMarket Capitalization$4.64 billionP/E Ratio29.58Dividend Yield2.67%Price Target$26.05 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Independence Realty Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside24.0% Upside$26.05 Price TargetShort InterestBearish12.14% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.06Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth11.21%From $1.07 to $1.19 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.23 out of 5 starsFinance Sector427th out of 1,355 stocksReal Estate Investment Trusts Industry91st out of 233 stocks 2.4 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.05, Independence Realty Trust has a forecasted upside of 24.0% from its current price of $21.00.Amount of Analyst CoverageIndependence Realty Trust has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted12.14% of the float of Independence Realty Trust has been sold short.Short Interest Ratio / Days to CoverIndependence Realty Trust has a short interest ratio ("days to cover") of 2.5, 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 13.38%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldIndependence Realty Trust pays a meaningful dividend of 2.67%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependence Realty Trust has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Independence Realty Trust is 78.87%. 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 47.06% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IRT. Previous Next 3.4 News and Social Media Coverage News SentimentIndependence Realty Trust has a news sentiment score of 1.06. 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 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Independence Realty Trust this week, compared to 2 articles on an average week.Search Interest8 people have searched for IRT on MarketBeat in the last 30 days. This is an increase of 14% 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 Institutions82.42% 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 11.21% in the coming year, from $1.07 to $1.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is 29.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 71.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is 29.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 82.99.Price to Earnings Growth RatioIndependence Realty Trust has a PEG Ratio of 9.81. 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 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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 About Independence Realty Trust (NYSE:IRT) StockIndependence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties 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 on capital through distributions and capital appreciation.Read More IRT Stock News HeadlinesJuly 1, 2022 | finance.yahoo.comHow Much Of Independence Realty Trust, Inc. (NYSE:IRT) Do Institutions Own?July 1, 2022 | americanbankingnews.comIndependence Realty Trust (NYSE:IRT) Given New $24.00 Price Target at Jefferies Financial GroupJune 28, 2022 | nasdaq.comEx-Dividend Reminder: American Express, Independence Realty Trust and VentasJune 28, 2022 | finance.yahoo.comHere is Why Growth Investors Should Buy Independence Realty Trust (IRT) NowJune 28, 2022 | finance.yahoo.comHere is Why Growth Investors Should Buy Independence Realty Trust (IRT) NowJune 21, 2022 | americanbankingnews.comIndependence Realty Trust (NYSE:IRT) Given a $24.50 Price Target by Compass Point AnalystsJune 16, 2022 | seekingalpha.comIndependence Realty Trust (IRT) Investor Presentation - SlideshowJune 15, 2022 | nasdaq.comIndependence Realty Trust is Now Oversold (IRT)June 10, 2022 | finance.yahoo.comIndependence Realty Trust (IRT) is an Incredible Growth Stock: 3 Reasons WhyJune 8, 2022 | finance.yahoo.comDo Independence Realty Trust's (NYSE:IRT) Earnings Warrant Your Attention?June 7, 2022 | finance.yahoo.comEssex Property Trust (ESS) Raises 2022 Guidance, Stock DownJune 6, 2022 | finance.yahoo.comAvalonBay (AVB) Sees 13% Rental Revenue Growth in April & MayJune 6, 2022 | finance.yahoo.comIndependence Realty Trust to Participate in Nareit’s REITweek 2022 Investor ConferenceMay 27, 2022 | nasdaq.comIndependence Realty Trust (IRT) Shares Cross Above 200 DMAMay 25, 2022 | finance.yahoo.com3 Reasons Why Growth Investors Shouldn't Overlook Independence Realty Trust (IRT)May 18, 2022 | seekingalpha.comIndependence Realty Trust raises dividend by 17% to $0.14 and announces $250M buybackMay 16, 2022 | finance.yahoo.comIndependence Realty Trust (NYSE:IRT) shareholders are still up 221% over 5 years despite pulling back 3.1% in the past weekMay 12, 2022 | finance.yahoo.comIndependence Realty Trust Set to Join S&P MidCap 400; Alpha and Omega Semiconductor & Dynavax Technologies to Join S&P SmallCap 600May 9, 2022 | nasdaq.comOversold Conditions For Independence Realty Trust (IRT)May 9, 2022 | markets.businessinsider.comAnalyst Ratings for Independence Realty TrustMay 4, 2022 | seekingalpha.comIndependence Realty Trust Inc. (IRT) CEO Scott Schaeffer on Q1 2022 Results - Earnings Call TranscriptMay 4, 2022 | finance.yahoo.comIndependence Realty Trust (IRT) Matches Q1 FFO EstimatesMay 3, 2022 | finance.yahoo.comIndependence Realty Trust Announces First Quarter 2022 Financial ResultsApril 23, 2022 | uk.finance.yahoo.comIndependence Realty Trust, Inc.'s (NYSE:IRT) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?April 22, 2022 | finance.yahoo.comIndependence Realty Trust (IRT) Upgraded to Strong Buy: Here's What You Should KnowSee More Headlines Industry, 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/ACompany Calendar Ex-Dividend for 4/22 Dividend3/31/2022Dividend Payable4/22/2022Last Earnings5/03/2022Ex-Dividend for 7/22 Dividend6/30/2022Today7/04/2022Dividend Payable7/22/2022Next Earnings (Estimated)7/25/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$26.05 High Stock Price Forecast$30.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+24.0%Consensus RatingModerate Buy Rating Score (0-4)2.83333333333333 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$0.709990 Trailing P/E Ratio29.58 Forward P/E Ratio19.63 P/E Growth9.81Net Income$44.59 million Net Margins34.18% Pretax Margin35.11% Return on Equity5.34% Return on Assets2.84% Debt Debt-to-Equity Ratio0.67 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$250.25 million Price / Sales18.56 Cash Flow$0.56 per share Price / Cash Flow37.65 Book Value$16.50 per share Price / Book1.27Miscellaneous Outstanding Shares221,161,000Free Float219,878,000Market Cap$4.64 billion OptionableOptionable Beta0.91 Independence Realty Trust Frequently Asked Questions Should I buy or sell Independence Realty Trust stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Independence Realty Trust stock. View analyst ratings for Independence Realty Trust or view top-rated stocks. What is Independence Realty Trust's stock price forecast for 2022? 12 brokers have issued 1-year target prices for Independence Realty Trust's shares. Their IRT stock forecasts range from $20.00 to $30.00. On average, they predict Independence Realty Trust's stock price to reach $26.05 in the next year. This suggests a possible upside of 24.0% from the stock's current price. View analysts' price targets for Independence Realty Trust or view top-rated stocks among Wall Street analysts. How has Independence Realty Trust's stock price performed in 2022? Independence Realty Trust's stock was trading at $25.83 on January 1st, 2022. Since then, IRT shares have decreased by 18.7% and is now trading at $21.00. View the best growth stocks for 2022 here. Are investors shorting Independence Realty Trust? Independence Realty Trust saw a drop in short interest in May. As of May 31st, there was short interest totaling 9,490,000 shares, a drop of 15.9% from the May 15th total of 11,290,000 shares. Based on an average daily trading volume, of 5,440,000 shares, the days-to-cover ratio is presently 1.7 days. View Independence Realty Trust's Short Interest. When is Independence Realty Trust's next earnings date? Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022. View our earnings forecast for Independence Realty Trust. How were Independence Realty Trust's earnings last quarter? Independence Realty Trust, Inc. (NYSE:IRT) issued its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. Independence Realty Trust had a trailing twelve-month return on equity of 5.34% and a net margin of 34.18%. During the same period last year, the firm earned $0.18 earnings per share. View Independence Realty Trust's earnings history. How often does Independence Realty Trust pay dividends? What is the dividend yield for Independence Realty Trust? Independence Realty Trust declared a quarterly dividend on Wednesday, May 18th. Stockholders of record on Friday, July 1st will be given a dividend of $0.14 per share on Friday, July 22nd. This represents a $0.56 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, June 30th. This is an increase from Independence Realty Trust's previous quarterly dividend of $0.12. View Independence Realty Trust's dividend history. 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 2.67%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 78.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 47.06% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend. View Independence Realty Trust's dividend history. What guidance has Independence Realty Trust issued on next quarter's earnings? Independence Realty Trust issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $1.04-$1.06 for the period. The company issued revenue guidance of -. Who are Independence Realty Trust's key executives? Independence Realty Trust's management team includes the following people: Mr. Scott F. Schaeffer, Chairman & CEO (Age 60, Pay $2.41M)Mr. Farrell M. Ender, Pres (Age 46, Pay $1.05M)Mr. James J. Sebra, CFO & Treasurer (Age 46, Pay $1.05M)Mr. Jason R. Delozier, Chief Accounting Officer & Controller (Age 38, Pay $624.62k)Ms. Jessica K. Norman, Chief Legal Officer & Sec. (Age 39, Pay $805.62k)Ms. Ella Shaw Neyland, COO & Director (Age 67)Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital MarketsAlex Jorgensen, Investor Relations Officer What is Scott F. Schaeffer's approval rating as Independence Realty Trust's CEO? 6 employees have rated Independence Realty Trust CEO Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among Independence Realty Trust's employees. Who are some of Independence Realty Trust's key competitors? Some companies that are related to Independence Realty Trust include Essex Property Trust (ESS), W. P. Carey (WPC), UDR (UDR), Camden Property Trust (CPT), Healthpeak Properties (PEAK), Iron Mountain (IRM), Boston Properties (BXP), Equity LifeStyle Properties (ELS), Kimco Realty (KIM), American Homes 4 Rent (AMH), Gaming and Leisure Properties (GLPI), Sino Land (SNLAY), Host Hotels & Resorts (HST), Regency Centers (REG) and CubeSmart (CUBE). View all of IRT's competitors. 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." 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 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 $21.00. How much money does Independence Realty Trust make? Independence Realty Trust (NYSE:IRT) has a market capitalization of $4.64 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 $0.709990 on an earnings per share basis. How many employees does Independence Realty Trust have? Independence Realty Trust 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 Independence Realty Trust 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 7/4/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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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