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. $18.69 +0.03 (+0.16%) (As of 01/27/2023 11:36 AM ET) Add Compare Share Share Today's Range$18.52▼$18.8550-Day Range$16.18▼$18.6652-Week Range$15.04▼$28.42Volume168,492 shsAverage Volume1.97 million shsMarket Capitalization$4.19 billionP/E Ratio30.64Dividend Yield3.00%Price Target$20.64 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Independence Realty Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside10.4% Upside$20.64 Price TargetShort InterestHealthy2.82% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.54Upright™ Environmental ScoreNews Sentiment1.46Based on 4 Articles This WeekInsider TradingSelling Shares$2.69 M Sold Last QuarterProj. Earnings Growth7.41%From $1.08 to $1.16 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.3.00 out of 5 starsFinance Sector55th out of 900 stocksReal Estate Investment Trusts Industry10th out of 192 stocks 3.3 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.64, Independence Realty Trust has a forecasted upside of 10.4% from its current price of $18.70.Amount of Analyst CoverageIndependence Realty Trust has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.82% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independence Realty Trust has recently decreased by 7.18%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldIndependence Realty Trust pays a meaningful dividend of 3.00%, 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 91.80%. 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 48.28% 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 3.0 News and Social Media Coverage News SentimentIndependence Realty Trust has a news sentiment score of 1.46. 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 0.65 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 InterestOnly 1 people have searched for IRT on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,686,509.00 in 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 7.41% in the coming year, from $1.08 to $1.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is 30.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is 30.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 181.44.Price to Earnings Growth RatioIndependence Realty Trust has a PEG Ratio of 7.87. 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 1.13. 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 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 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 HeadlinesJanuary 20, 2023 | americanbankingnews.comIndependence Realty Trust, Inc. (NYSE:IRT) Given Average Recommendation of "Hold" by BrokeragesJanuary 10, 2023 | seekingalpha.comIndependence Realty Trust: A Modestly Valued Multifamily REIT With Sunbelt ConcentrationJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 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 companyJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…December 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 ConferenceOctober 27, 2022 | seekingalpha.comIndependence Realty Trust, Inc. (IRT) Q3 2022 Earnings Call TranscriptOctober 26, 2022 | seekingalpha.comIndependence Realty Trust FFO of $0.28 beats by $0.01, raises 2022 guidanceOctober 26, 2022 | finance.yahoo.comIndependence Realty Trust Announces Third Quarter 2022 Financial ResultsOctober 23, 2022 | finance.yahoo.comIndependence Realty Trust (NYSE:IRT) delivers shareholders decent 14% CAGR over 5 years, surging 4.6% in the last week aloneOctober 21, 2022 | seekingalpha.comIRT Independence Realty Trust, Inc.October 7, 2022 | nasdaq.comIndependence Realty Trust is OversoldOctober 4, 2022 | finance.yahoo.comIndependence Realty Trust Announces Third Quarter 2022 Earnings Release and Conference Call DatesSeptember 30, 2022 | finance.yahoo.comIndependence Realty Trust, Inc.'s (NYSE:IRT) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?September 29, 2022 | finance.yahoo.comIndependence Realty Trust Reports Minimal Damage to Communities from Hurricane IanSeptember 28, 2022 | seekingalpha.comIndependence Realty Trust: Skating To Where The Puck Will BeSeptember 26, 2022 | finance.yahoo.comZacks Industry Outlook Highlights Equity Residential, Independence Realty Trust and BRT ApartmentsSeptember 19, 2022 | bizjournals.comPhiladelphia investment firm pays $98M for Tampa-area apartment complexSeptember 6, 2022 | nasdaq.comHere's Why Independence Realty Trust (NYSE:IRT) Has Caught The Eye Of InvestorsSeptember 1, 2022 | finance.yahoo.comDown 7.6% in 4 Weeks, Here's Why Independence Realty Trust (IRT) Looks Ripe for a TurnaroundSee 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 Payable1/20/2023Today1/27/2023Next Earnings (Confirmed)2/15/2023Fiscal 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$20.64 High Stock Price Forecast$24.50 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+10.4%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.61 Trailing P/E Ratio30.64 Forward P/E Ratio17.31 P/E Growth7.87Net Income$44.59 million Net Margins20.68% Pretax Margin21.30% Return on Equity3.04% Return on Assets1.73% Debt Debt-to-Equity Ratio0.71 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$250.25 million Price / Sales16.74 Cash Flow$0.57 per share Price / Cash Flow32.79 Book Value$16.50 per share Price / Book1.13Miscellaneous Outstanding Shares224,074,000Free Float222,774,000Market Cap$4.19 billion OptionableOptionable Beta0.95 Key ExecutivesMr. Scott F. Schaeffer (Age 61)Chairman & CEO Comp: $2.41MMr. Farrell M. Ender (Age 47)Pres Comp: $1.05MMr. James J. Sebra (Age 47)CFO & Treasurer Comp: $1.05MMr. Jason R. Delozier (Age 39)Chief Accounting Officer & Controller Comp: $624.62kMs. Jessica K. Norman (Age 40)Chief Legal Officer & Sec. Comp: $805.62kMr. Ted McHughSVP, Edelman Financial Communications & Capital MarketsMs. Ella Shaw Neyland (Age 68)Consultant Alex JorgensenInvestor Relations OfficerMore ExecutivesKey CompetitorsHoward HughesNYSE:HHCApple Hospitality REITNYSE:APLEBlackstone Mortgage TrustNYSE:BXMTCousins PropertiesNYSE:CUZVornado Realty TrustNYSE:VNOView All CompetitorsInsiders & InstitutionsOregon Public Employees Retirement FundBought 1,328 shares on 1/26/2023Ownership: 0.029%Sumitomo Mitsui DS Asset Management Company LtdBought 4,350 shares on 1/26/2023Ownership: 0.014%Dupont Capital Management CorpBought 24,707 shares on 1/26/2023Ownership: 0.011%Strategic Blueprint LLCBought 2,280 shares on 1/26/2023Ownership: 0.009%Inspire Investing LLCBought 1,583 shares on 1/26/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions IRT Stock - Frequently Asked Questions Should I buy or sell Independence Realty Trust stock right now? 6 Wall Street 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 4 buy ratings for the stock. The consensus among Wall Street research 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? 6 equities research analysts have issued twelve-month price objectives 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 stock price to reach $20.64 in the next twelve months. This suggests a possible upside of 10.6% 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 at the beginning of 2023. Since then, IRT shares have increased by 10.7% and is now trading at $18.66. View the best growth stocks for 2023 here. Are investors shorting Independence Realty Trust? Independence Realty Trust saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,330,000 shares, a decrease of 7.2% from the December 31st total of 6,820,000 shares. Based on an average daily volume of 1,880,000 shares, the days-to-cover ratio is presently 3.4 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 Wednesday, February 15th 2023. View our IRT earnings forecast. How can I listen to Independence Realty Trust's earnings call? Independence Realty Trust will be holding an earnings conference call on Thursday, February 16th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "910516". How were Independence Realty Trust's earnings last quarter? 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 (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 3.04% and a net margin of 20.68%. During the same period in the prior year, the business earned $0.18 EPS. 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 Monday, December 12th. Shareholders of record on Friday, December 30th will be given a dividend of $0.14 per share on Friday, January 20th. This represents a $0.56 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, December 29th. 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 3.06%. 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 48.28% 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 updated its FY 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share (EPS) guidance of $1.07-$1.08 for the period, compared to the consensus estimate of $1.08. 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 retail and institutional investors. Top institutional shareholders include Phocas Financial Corp. (0.23%), Strs Ohio (0.22%), Comerica Bank (0.19%), Manning & Napier Group LLC (0.12%), Ziegler Capital Management LLC (0.11%) and Consolidated Capital Management LLC (0.10%). Insiders that own company stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg. 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 $18.66. How much money does Independence Realty Trust make? Independence Realty Trust (NYSE:IRT) has a market capitalization of $4.18 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. 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 1/27/2023 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. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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