Independence Realty Trust, Inc. (IRT)
| Market Cap | 5.09B |
| Revenue (ttm) | 345.50M |
| Net Income (ttm) | 118.10M |
| Shares Out | 228.13M |
| EPS (ttm) | 0.41 |
| PE Ratio | 54.41 |
| Forward PE | 44.84 |
| Dividend | $0.68 (3.04%) |
| Ex-Dividend Date | Mar 31, 2022 |
| Volume | 5,945,041 |
| Open | 22.28 |
| Previous Close | 22.19 |
| Day's Range | 22.07 - 23.02 |
| 52-Week Range | 16.01 - 28.42 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 28.21 (+26.4%) |
| Earnings Date | May 3, 2022 |
About IRT
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 ret...
Financial Performance
In 2021, IRT's revenue was $250.25 million, an increase of 18.10% compared to the previous year's $211.91 million. Earnings were $44.59 million, an increase of 201.93%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is 28.21, which is an increase of 26.45% from the latest price.
News
Independence Realty Trust Announces $250 Million Share Repurchase Authorization and Increases Quarterly Dividend By 17%
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that its Board of Directors authorized a repurchase program of up to $250 million of the Company's comm...
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Independence Realty Trust Set to Join S&P MidCap 400; Alpha and Omega Semiconductor & Dynavax Technologies to Join S&...
NEW YORK , May 12, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Dynavax Technologies Corp. (NASD: DVAX) will replace Bottomline ...
Independence Realty Trust (IRT) Matches Q1 FFO Estimates
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0% and 3.24%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Independence Realty Trust Announces First Quarter 2022 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2022 financial results. First Quarter Highlights Net i...
Independence Realty Trust (IRT) Upgraded to Strong Buy: Here's What You Should Know
Independence Realty Trust (IRT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Independence Realty Trust Announces First Quarter 2022 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2022 financial results after market close on Tuesday, May ...
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Independence Realty Trust (IRT) Is Up 3.98% in One Week: What You Should Know
Does Independence Realty Trust (IRT) have what it takes to be a top stock pick for momentum investors? Let's find out.
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IRT, NLSN, and BMO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 28, 2022.
Is Independence Realty Trust (IRT) Stock a Solid Choice Right Now?
Independence Realty Trust (IRT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Independence Realty Trust Announces First Quarter 2022 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.12 per share of IRT common stock, pay...
Independence Realty Trust to Present at Citi's 2022 Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and Ella...
Independence Realty Trust (IRT) Is Up 2.12% in One Week: What You Should Know
Does Independence Realty Trust (IRT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Independence Realty Trust (IRT) Upgraded to Strong Buy: Here's Why
Independence Realty Trust (IRT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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TS, BAK, and IRT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 23, 2022
Independence Realty Trust (IRT) Beats Q4 FFO and Revenue Estimates
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 4.35% and 10.21%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Independence Realty Trust Announces Fourth Quarter and Full Year 2021 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2021 financial results. Fourth Quarter ...
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Independence Realty Trust Announces Tax Treatment of Dividends in 2021
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax reporting information for the 2021 dividend distributions on its common stock. The final income...
Here's Why Independence Realty Trust (IRT) is Poised for a Turnaround After Losing 10% in 4 Weeks
The heavy selling pressure might have exhausted for Independence Realty Trust (IRT) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Str...
Independence Realty Trust (IRT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Independence Realty Trust (IRT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions c...
Independence Realty Trust Announces Fourth Quarter and Full Year 2021 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2021 financial results after market close o...
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