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Independence Realty Trust, Inc. (IRT)

NYSE: IRT · IEX Real-Time Price · USD
20.24 -0.03 (-0.15%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap2.13B
Revenue (ttm)220.84M
Net Income (ttm)18.82M
Shares Out102.02M
EPS (ttm)0.19
PE Ratio106.53
Forward PE78.13
Dividend$0.48 (2.37%)
Ex-Dividend DateSep 30, 2021
Volume2,244,770
Open20.41
Previous Close20.27
Day's Range20.08 - 20.42
52-Week Range10.48 - 21.00
Beta0.93
AnalystsBuy
Price Target21.38 (+5.6%)
Est. Earnings DateOct 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...

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateAug 13, 2013
CEOScott Schaeffer
Employees444
Stock ExchangeNYSE
Ticker SymbolIRT
Full Company Profile

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 Statements

Analyst 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.

Price Target
$21.38
(5.63% upside)
Analyst Consensus: Buy

News

Independence Realty Trust Announces Third Quarter 2021 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2021 Dividend

5 days ago - Business Wire

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...

1 month ago - Business Wire

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...

Other symbols:ISBCKRG
1 month ago - PRNewsWire

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...

1 month ago - Business Wire

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...

1 month ago - Business Wire

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 ...

1 month ago - Business Wire

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...

1 month ago - Business Wire

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?

1 month ago - Zacks Investment Research

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 $...

1 month ago - Business Wire

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 ...

1 month ago - Business Wire

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...

1 month ago - Business Wire

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...

2 months ago - Business Wire

Independence Realty Trust Announces Second Quarter 2021 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Second Quarter 2021 Dividend

3 months ago - Business Wire

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...

Other symbols:ACCAIVAVBCPTEQRESS
3 months ago - InvestorPlace

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

3 months ago - Business Wire

Independence Realty Trust Announces Closing of $200 Million Term Loan

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Closing of $200 Million Term Loan

4 months ago - Business Wire

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?

4 months ago - Zacks Investment Research

Independence Realty Trust Announces First Quarter 2021 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Financial Results

4 months ago - Business Wire

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

5 months ago - Business Wire

Independence Realty Trust Announces First Quarter 2021 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Dividend

6 months ago - Business Wire

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...

6 months ago - Business Wire

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?

7 months ago - Zacks Investment Research

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

7 months ago - Business Wire

Independence Realty Trust Announces Tax Treatment of Dividends in 2020

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Tax Treatment of Dividends in 2020

7 months ago - Business Wire

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

7 months ago - Business Wire