Independence Realty Trust Stock Forecast, Price & News

+0.07 (+0.35 %)
(As of 09/21/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume714,728 shs
Average Volume738,816 shs
Market Capitalization$2.13 billion
P/E Ratio106.84
Dividend Yield2.37%
30 days | 90 days | 365 days | Advanced Chart
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About Independence Realty Trust

Independence 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.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

2.19 out of 5 stars

Finance Sector

511th out of 1,332 stocks

Real Estate Investment Trusts Industry

119th out of 219 stocks

Analyst Opinion: 1.4Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

Is Independence Realty Trust a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Realty Trust in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Independence Realty Trust stock.
View analyst ratings for Independence Realty Trust
or view top-rated stocks.

What stocks does MarketBeat like better than Independence Realty Trust?

Wall Street analysts have given Independence Realty Trust a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Independence Realty Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Independence Realty Trust's next earnings date?

Independence Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Independence Realty Trust

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust, Inc. (NYSE:IRT) released its quarterly earnings results on Sunday, July, 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Independence Realty Trust had a net margin of 8.53% and a trailing twelve-month return on equity of 2.70%.
View Independence Realty Trust's earnings history

How has Independence Realty Trust's stock been impacted by Coronavirus (COVID-19)?

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IRT stock has increased by 61.8% and is now trading at $20.30.
View which stocks have been most impacted by COVID-19

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, September 13th. Stockholders of record on Friday, October 1st will be paid a dividend of $0.12 per share on Friday, October 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, September 30th.
View Independence Realty Trust's dividend history

Is Independence Realty Trust a good dividend stock?

Independence Realty Trust pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.37%. Independence Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Independence Realty Trust is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 53.93% 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 updated its FY 2021 earnings guidance on Monday, August, 2nd. The company provided EPS guidance of $0.760-$0.780 for the period. The company issued revenue guidance of -.

What price target have analysts set for IRT?

5 Wall Street analysts have issued 1 year price targets for Independence Realty Trust's shares. Their forecasts range from $13.25 to $22.00. On average, they expect Independence Realty Trust's stock price to reach $18.21 in the next twelve months. This suggests that the stock has a possible downside of 10.3%.
View analysts' price targets for Independence Realty Trust
or view top-rated stocks among Wall Street analysts.

Who are Independence Realty Trust's key executives?

Independence Realty Trust's management team includes the following people:
  • Scott F. Schaeffer, Chairman & Chief Executive Officer
  • Farrell M. Ender, President
  • James J. Sebra, Chief Financial Officer & Treasurer
  • Jessica K. Norman, Secretary, Executive VP & General Counsel
  • Jason R. Delozier, Chief Accounting 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?

What other stocks do shareholders of Independence Realty Trust own?

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.22%), Vanguard Group Inc. (11.38%), State Street Corp (5.04%), Alliancebernstein L.P. (4.58%), Jennison Associates LLC (3.09%) and Deutsche Bank AG (2.90%). 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

Which institutional investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Kennedy Capital Management Inc., Renaissance Technologies LLC, Northern Trust Corp, Bank of America Corp DE, Quantitative Systematic Strategies LLC, Jennison Associates LLC, and Legal & General Group Plc.
View insider buying and selling activity for Independence Realty Trust
or view top insider-selling stocks.

Which institutional investors are buying Independence Realty Trust stock?

IRT stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Invesco Ltd., Vanguard Group Inc., Aew Capital Management L P, JPMorgan Chase & Co., State Street Corp, Russell Investments Group Ltd., and Alberta Investment Management Corp. Company insiders that have bought Independence Realty Trust stock in the last two years include James J Sebra, Scott Schaeffer, and William C Dunkelberg.
View insider buying and selling activity for Independence Realty Trust
or or view top insider-buying stocks.

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 $20.30.

How much money does Independence Realty Trust make?

Independence Realty Trust has a market capitalization of $2.13 billion and generates $211.91 million in revenue each year. The real estate investment trust earns $14.77 million in net income (profit) each year or $0.80 on an earnings per share basis.

How many employees does Independence Realty Trust have?

Independence Realty Trust employs 444 workers across the globe.

What is Independence Realty Trust's official website?

The official website for Independence Realty Trust is www.irtliving.com.

Where are Independence Realty Trust's headquarters?

Independence Realty Trust is headquartered at 1835 Market Street Suite 2601, Philadelphia PA, 19103.

How can I contact Independence Realty Trust?

Independence Realty Trust's mailing address is 1835 Market Street Suite 2601, Philadelphia PA, 19103. The real estate investment trust can be reached via phone at (267) 270-4800 or via email at [email protected].

This page was last updated on 9/22/2021 by MarketBeat.com Staff
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