Independence Realty Trust - IRT Stock Forecast, Price & News

11 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Independence Realty Trust stock.
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11 Wall Street research analysts have issued twelve-month price objectives for Independence Realty Trust's stock. Their IRT stock forecasts range from $24.00 to $30.00. On average, they anticipate Independence Realty Trust's share price to reach $26.72 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
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Independence Realty Trust's stock was trading at $25.83 at the beginning of 2022. Since then, IRT shares have decreased by 18.3% and is now trading at $21.10.
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Independence Realty Trust saw a decline in short interest in July. As of July 15th, there was short interest totaling 9,380,000 shares, a decline of 17.2% from the June 30th total of 11,330,000 shares. Based on an average trading volume of 3,780,000 shares, the days-to-cover ratio is presently 2.5 days.
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Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our earnings forecast for Independence Realty Trust.

Independence Realty Trust, Inc. (NYSE:IRT) posted its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. Independence Realty Trust had a trailing twelve-month return on equity of 3.65% and a net margin of 24.28%. During the same quarter in the prior year, the company earned $0.18 earnings per share.

Independence Realty Trust announced 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 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, June 30th. This is a positive change from Independence Realty Trust's previous quarterly dividend of $0.12.
View Independence Realty Trust's dividend history.

Independence Realty Trust(NYSE:IRT) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.65%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 86.15%. 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.

Independence Realty Trust issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $1.06-$1.08 for the period. The company issued revenue guidance of -.

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.

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 many different institutional and retail investors. Top institutional investors include Jennison Associates LLC (1.49%), Aew Capital Management L P (1.29%), Russell Investments Group Ltd. (0.76%), Cambridge Investment Research Advisors Inc. (0.52%), Thornburg Investment Management Inc. (0.26%) and Connor Clark & Lunn Investment Management Ltd. (0.23%). Company insiders that own Independence Realty Trust stock include James J Sebra, Richard H Ross, Scott Schaeffer and William C Dunkelberg.
View institutional ownership trends for 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.
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One share of IRT stock can currently be purchased for approximately $21.10.

Independence Realty Trust (NYSE:IRT) has a market capitalization of $4.69 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 $0.65 on an earnings per share basis.

Independence Realty Trust 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 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.