Independence Realty Trust (IRT) Expected to Announce Quarterly Earnings on Wednesday

Independence Realty Trust (NYSE:IRT) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $164.78 million for the quarter. Independence Realty Trust has set its FY 2025 guidance at 1.160-1.19 EPS.

Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $160.91 million during the quarter, compared to analysts’ expectations of $164.08 million. Independence Realty Trust had a return on equity of 0.85% and a net margin of 4.70%. Independence Realty Trust’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. 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 Down 0.3%

NYSE IRT opened at $17.36 on Monday. The company has a market cap of $4.06 billion, a PE ratio of 123.96, a price-to-earnings-growth ratio of 2.47 and a beta of 0.93. Independence Realty Trust has a 52 week low of $17.05 and a 52 week high of $22.26. The firm’s 50-day simple moving average is $17.92 and its two-hundred day simple moving average is $19.15.

Independence Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, June 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 27th. This is a boost from Independence Realty Trust’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.92%. Independence Realty Trust’s dividend payout ratio is currently 485.71%.

Hedge Funds Weigh In On Independence Realty Trust

An institutional investor recently raised its position in Independence Realty Trust stock. Goldman Sachs Group Inc. lifted its stake in Independence Realty Trust, Inc. (NYSE:IRT) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,935,487 shares of the real estate investment trust’s stock after acquiring an additional 420,682 shares during the period. Goldman Sachs Group Inc. owned 1.26% of Independence Realty Trust worth $62,320,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IRT shares. UBS Group decreased their price objective on shares of Independence Realty Trust from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, July 15th. Barclays raised their price target on Independence Realty Trust from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Compass Point reiterated a “neutral” rating and issued a $22.00 price objective on shares of Independence Realty Trust in a report on Tuesday, May 13th. Finally, JMP Securities restated a “market outperform” rating and set a $25.00 price target on shares of Independence Realty Trust in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

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.