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NYSE:IRT

Independence Realty Trust Stock Forecast, Price & News

$12.88
+0.02 (+0.16 %)
(As of 11/30/2020 12:00 AM ET)
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Today's Range
$12.80
Now: $12.88
$13.05
50-Day Range
$11.39
MA: $12.56
$14.01
52-Week Range
$6.86
Now: $12.88
$16.85
Volume366,442 shs
Average Volume770,035 shs
Market Capitalization$1.22 billion
P/E Ratio46.00
Dividend Yield3.73%
Beta1.01
Independence 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.
Independence Realty Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.69 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone267-270-4800
Employees410

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$203.22 million
Cash Flow$1.11 per share
Book Value$6.41 per share

Profitability

Net Income$45.90 million

Miscellaneous

Market Cap$1.22 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$12.88
+0.02 (+0.16 %)
(As of 11/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Independence Realty Trust (NYSE:IRT) Frequently Asked Questions

How has Independence Realty Trust's stock price been impacted by Coronavirus?

Independence Realty Trust's stock was trading at $12.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IRT shares have increased by 2.6% and is now trading at $12.88.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Independence Realty Trust?

3 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Independence Realty Trust
or view MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Independence Realty Trust wasn't one of them. MarketBeat thinks these five stocks 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, February 10th 2021.
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 Wednesday, October, 28th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.18. Independence Realty Trust had a net margin of 12.11% and a return on equity of 4.09%.
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 announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.12 per share on Friday, October 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, October 1st.
View Independence Realty Trust's dividend history
.

What price target have analysts set for IRT?

3 brokerages have issued 1 year target prices for Independence Realty Trust's shares. Their forecasts range from $7.50 to $16.00. On average, they anticipate Independence Realty Trust's share price to reach $12.17 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
View analysts' price targets for Independence Realty Trust
.

Who are some of Independence Realty Trust's key competitors?

What other stocks do shareholders of Independence Realty Trust own?

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 58, Pay $2.18M)
  • Mr. Farrell M. Ender, Pres (Age 44, Pay $849.45k)
  • Mr. James J. Sebra, CFO & Treasurer (Age 44, Pay $899.45k)
  • Mr. Jason R. Delozier, Chief Accounting Officer & Controller (Age 36, Pay $389.4k)
  • Ms. Jessica K. Norman, Exec. VP, Gen. Counsel & Sec. (Age 38, Pay $434.37k)
  • Mr. Ted McHugh, SVP, Edelman Financial Communications & Capital Markets
  • Alex Jorgensen, Investor Relations Officer

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 investors include BlackRock Inc. (17.28%), State Street Corp (5.09%), Jennison Associates LLC (3.16%), Aew Capital Management L P (2.03%), Principal Financial Group Inc. (1.99%) and Ranger Global Real Estate Advisors LLC (1.47%). 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 major investors are selling Independence Realty Trust stock?

IRT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Dalton Greiner Hartman Maher & Co., SG Americas Securities LLC, Wells Fargo & Company MN, Great West Life Assurance Co. Can, BlackRock Inc., Victory Capital Management Inc., and Principal Financial Group Inc..
View insider buying and selling activity for Independence Realty Trust
.

Which major investors are buying Independence Realty Trust stock?

IRT stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Hill Winds Capital LP, JPMorgan Chase & Co., Ranger Global Real Estate Advisors LLC, Aew Capital Management L P, UBS Asset Management Americas Inc., Peregrine Capital Management LLC, and Securian Asset Management Inc. 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
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Independence Realty Trust's stock price today?

One share of IRT stock can currently be purchased for approximately $12.88.

How big of a company is Independence Realty Trust?

Independence Realty Trust has a market capitalization of $1.22 billion and generates $203.22 million in revenue each year. The real estate investment trust earns $45.90 million in net income (profit) each year or $0.76 on an earnings per share basis. Independence Realty Trust employs 410 workers across the globe.

What is Independence Realty Trust's official website?

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

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 12/1/2020 by MarketBeat.com Staff

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