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NYSE:IRT

Independence Realty Trust (IRT) Stock Price, News & Analysis

$15.66
-0.20 (-1.26%)
(As of 11:21 AM ET)
Today's Range
$15.61
$15.82
50-Day Range
$14.34
$16.69
52-Week Range
$11.61
$18.77
Volume
408,699 shs
Average Volume
2.23 million shs
Market Capitalization
$3.52 billion
P/E Ratio
N/A
Dividend Yield
4.09%
Price Target
$17.00

Independence Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
8.6% Upside
$17.00 Price Target
Short Interest
Bearish
4.11% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.54
Upright™ Environmental Score
News Sentiment
1.11mentions of Independence Realty Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.40%
From $1.14 to $1.27 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.55 out of 5 stars

Finance Sector

424th out of 859 stocks

Real Estate Investment Trusts Industry

84th out of 181 stocks

IRT stock logo

About Independence Realty Trust Stock (NYSE:IRT)

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. 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.

IRT Stock Price History

IRT Stock News Headlines

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REVEALED: Elon Musk’s Secret A.I. Facility?
I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Fed Says Cuts Ahead
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 1/19 Dividend
12/28/2023
Dividend Payable
1/19/2024
Ex-Dividend for 4/19 Dividend
3/27/2024
Today
4/16/2024
Dividend Payable
4/19/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
952
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.00
High Stock Price Target
$18.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+7.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-17,230,000.00
Pretax Margin
-2.69%

Debt

Sales & Book Value

Annual Sales
$660.98 million
Cash Flow
$0.90 per share
Book Value
$15.88 per share

Miscellaneous

Free Float
223,481,000
Market Cap
$3.57 billion
Optionable
Optionable
Beta
1.07
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Key Executives

  • Mr. Scott F. SchaefferMr. Scott F. Schaeffer (Age 62)
    President, CEO & Chairman
    Comp: $2.17M
  • Mr. James J. Sebra (Age 48)
    CFO & Treasurer
    Comp: $1.06M
  • Mr. Jason R. Delozier (Age 40)
    Chief Accounting Officer & Controller
    Comp: $720.8k
  • Ms. Michele R. Weisbaum (Age 63)
    General Counsel
    Comp: $242.2k
  • Mike Daley
    Executive Vice President of Operations & People
  • Josh Kulick
    Executive Vice President of Technology & Innovation
  • Mr. Ted McHugh
    Investor Relation Officer of Edelman Smithfield
  • Mr. Pete Rushing
    Senior Vice President of Sales & Marketing
  • Ms. Ella Shaw Neyland (Age 69)
    Consultant
    Comp: $1.69M
  • Janice Richards
    Senior Vice President of Operations

IRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Independence Realty Trust stock right now?

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

What is Independence Realty Trust's stock price target for 2024?

5 equities research analysts have issued 1 year price objectives for Independence Realty Trust's shares. Their IRT share price targets range from $15.00 to $18.00. On average, they expect the company's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 8.6% 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 2024?

Independence Realty Trust's stock was trading at $15.30 at the beginning of 2024. Since then, IRT shares have increased by 2.4% and is now trading at $15.66.
View the best growth stocks for 2024 here
.

Are investors shorting Independence Realty Trust?

Independence Realty Trust saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 9,240,000 shares, an increase of 29.6% from the March 15th total of 7,130,000 shares. Based on an average trading volume of 2,240,000 shares, the short-interest ratio is currently 4.1 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, April 24th 2024.
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, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-770-2030 with passcode "1963990".

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust, Inc. (NYSE:IRT) released its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. Independence Realty Trust had a negative trailing twelve-month return on equity of 0.47% and a negative net margin of 2.61%. During the same quarter in the previous year, the firm posted $0.18 EPS.

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, March 11th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.16 per share on Friday, April 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for IRT
.

Is Independence Realty Trust a good dividend stock?

Independence Realty Trust (NYSE:IRT) pays an annual dividend of $0.64 per share and currently has a dividend yield of 4.00%. IRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for IRT.

What guidance has Independence Realty Trust issued on next quarter's earnings?

Independence Realty Trust updated its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of 1.120-1.160 for the period, compared to the consensus EPS estimate of 1.150. 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?
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 Congress Asset Management Co. MA (0.06%), Aurora Investment Managers LLC. (0.05%), Pensionfund DSM Netherlands (0.04%), Atlantic Union Bankshares Corp (0.03%), Pensionfund Sabic (0.02%) and Global Assets Advisory LLC (0.01%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:IRT) was last updated on 4/16/2024 by MarketBeat.com Staff

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