Independence Realty Trust (IRT) to Release Quarterly Earnings on Wednesday

Independence Realty Trust (NYSE:IRT) is anticipated to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Independence Realty Trust to post earnings of $0.28 per share and revenue of $164.08 million for the quarter. Independence Realty Trust has set its FY 2025 guidance at 1.160-1.190 EPS.

Independence Realty Trust (NYSE:IRT) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.24. Independence Realty Trust had a return on equity of 1.11% and a net margin of 6.15%. On average, analysts expect Independence Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Independence Realty Trust Stock Up 2.7 %

NYSE:IRT opened at $19.42 on Wednesday. The company has a market cap of $4.49 billion, a PE ratio of 107.89, a P/E/G ratio of 2.91 and a beta of 0.98. The business’s 50 day moving average is $20.27 and its two-hundred day moving average is $20.13. Independence Realty Trust has a 52 week low of $15.27 and a 52 week high of $22.26.

Independence Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Friday, March 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, March 28th. Independence Realty Trust’s dividend payout ratio (DPR) is presently 355.56%.

Insider Activity at Independence Realty Trust

In other Independence Realty Trust news, CEO Scott Schaeffer sold 10,000 shares of Independence Realty Trust stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $21.21, for a total value of $212,100.00. Following the completion of the sale, the chief executive officer now directly owns 873,365 shares in the company, valued at $18,524,071.65. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IRT shares. UBS Group started coverage on Independence Realty Trust in a research report on Monday, April 7th. They issued a “buy” rating and a $24.00 target price on the stock. Barclays lifted their price objective on shares of Independence Realty Trust from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Wells Fargo & Company began coverage on shares of Independence Realty Trust in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $24.00 target price for the company. Jefferies Financial Group raised Independence Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $24.00 in a report on Monday, March 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Independence Realty Trust in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Independence Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Independence Realty Trust Company Profile

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.