Independence Realty Trust, Inc. (IRT)
| Market Cap | 2.13B |
| Revenue (ttm) | 220.84M |
| Net Income (ttm) | 18.82M |
| Shares Out | 102.02M |
| EPS (ttm) | 0.19 |
| PE Ratio | 106.53 |
| Forward PE | 78.13 |
| Dividend | $0.48 (2.37%) |
| Ex-Dividend Date | Sep 30, 2021 |
| Volume | 2,244,770 |
| Open | 20.41 |
| Previous Close | 20.27 |
| Day's Range | 20.08 - 20.42 |
| 52-Week Range | 10.48 - 21.00 |
| Beta | 0.93 |
| Analysts | Buy |
| Price Target | 21.38 (+5.6%) |
| Est. Earnings Date | Oct 27, 2021 |
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 2020, IRT's revenue was $211.91 million, an increase of 4.27% compared to the previous year's $203.22 million. Earnings were $14.77 million, a decrease of -67.82%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is 21.38, which is an increase of 5.63% from the latest price.
News
Independence Realty Trust Announces Third Quarter 2021 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2021 Dividend
Independence Realty Trust, Inc. Announces Closing of Public Offering of 16,100,000 shares of Common Stock, Including ...
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced the closing of its previously announced underwritten public offering of 16,100,000 shares of common sto...
INVESTIGATION ALERT: Halper Sadeh LLP Investigates ISBC, IRT, KRG, BRBS; Shareholders are Encouraged to Contact the Firm
NEW YORK, July 29, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Investors Bancorp, Inc. (NASDAQ: ISBC) concerning pote...
Independence Realty Trust, Inc. Announces Underwriters' Exercise of Over-Allotment Option to Purchase Additional Shares
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that the underwriters of its previously announced public offering of 14,000,000 common shares have full...
INDEPENDENCE REALTY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates M...
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Independence Rea...
Independence Realty Trust, Inc. Announces Pricing of Public Offering of 14,000,000 Shares of Common Stock
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced the pricing of its public offering of 14,000,000 shares of common stock at a price of $17.75 per share ...
Independence Realty Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Indepen...
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Independence Realty Trust, Inc. (NYSE: IRT) and Steadfast Apartment REIT, Inc. is f...
Independence Realty Trust (IRT) Q2 FFO and Revenues Beat Estimates
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 5.26% and 3.29%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Independence Realty Trust, Inc. Announces Public Offering of 14,000,000 Shares of Common Stock
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it is commencing an underwritten public offering of 14,000,000 shares of common stock, par value $...
Independence Realty Trust Reports Second Quarter 2021 Financial Results & Increases Full Year 2021 Guidance
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today reported its second quarter 2021 financial results. Second Quarter Highlights Net ...
Independence Realty Trust and Steadfast Apartment REIT Announce Strategic Merger
PHILADELPHIA & IRVINE, Calif.--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) and Steadfast Apartment REIT, Inc. (“STAR”) today announced that they have entered into a definitive m...
Independence Realty Trust Announces Second Quarter 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 second quarter 2021 financial results after market close on Monday, July...
Independence Realty Trust Announces Second Quarter 2021 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Second Quarter 2021 Dividend
7 Apartment REITs to Buy as Rent Prices Get Set to Surge
With a hot housing market forcing people to become renters, apartment REITs could see their valuations rise significantly. The post 7 Apartment REITs to Buy as Rent Prices Get Set to Surge appeared firs...
Independence Realty Trust to Participate in Nareit's REITweek 2021 Investor Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust to Participate in Nareit's REITweek 2021 Investor Conference
Independence Realty Trust Announces Closing of $200 Million Term Loan
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Closing of $200 Million Term Loan
Independence Realty Trust (IRT) Q1 FFO Lag Estimates
Independence Realty Trust (IRT) delivered FFO and revenue surprises of -5.26% and 1.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Independence Realty Trust Announces First Quarter 2021 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Financial Results
Independence Realty Trust Announces First Quarter 2021 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Earnings Release and Conference Call Dates
Independence Realty Trust Announces First Quarter 2021 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Dividend
Independence Realty Trust to Present at Citi's 2021 Virtual Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will...
Independence Realty Trust (IRT) Q4 FFO Top Estimates
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 4.76% and -1.00%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results
Independence Realty Trust Announces Tax Treatment of Dividends in 2020
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Tax Treatment of Dividends in 2020
Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Dates