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Independence Realty Trust, Inc. (IRT)

Stock Price: $16.30 USD 0.08 (0.49%)
Updated May 18, 2021 12:55 PM EDT - Market open
Market Cap 1.66B
Revenue (ttm) 215.67M
Net Income (ttm) 16.23M
Shares Out 101.68M
EPS (ttm) 0.17
PE Ratio 97.02
Forward PE 322.58
Dividend $0.48
Dividend Yield 2.94%
Trading Day May 18
Last Price $16.30
Previous Close $16.22
Change ($) 0.08
Change (%) 0.49%
Day's Open 16.20
Day's Range 16.12 - 16.38
Day's Volume 113,880
52-Week Range 9.18 - 17.00

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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?

2 weeks ago - Zacks Investment Research

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

2 weeks ago - Business Wire

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Earnings Release and Conference Call Dates

1 month ago - Business Wire

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

2 months ago - Business Wire

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...

2 months ago - Business Wire

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?

3 months ago - Zacks Investment Research

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results

3 months ago - Business Wire

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

3 months ago - Business Wire

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Dates

3 months ago - Business Wire

IRT continues to perform well fundamentally. The dividend is pretty poor among peers.

4 months ago - Seeking Alpha

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Appoints Lisa Washington to Board of Directors

4 months ago - Business Wire

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter 2020 Dividend

5 months ago - Business Wire

The election results will be announced soon. We discuss how a Trump or Biden victory could affect your REITs.

Other stocks mentioned: CXW, GEO, VNQ
6 months ago - Seeking Alpha

IRT's portfolio of apartment communities is strategically located in fast-growing Sun Belt and Midwestern states. With mostly Class B apartments in second- and third-tier cities, IRT has avoided the bul...

6 months ago - Seeking Alpha

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and 3.35%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Financial Results

6 months ago - Business Wire

Independence Realty Trust cut its dividends by 33%. The small cap REIT has been jostled around by the market post the pandemic.

6 months ago - Seeking Alpha

Several housing REITs remain very attractive. Apartment REITs in particular are attractive due to huge discounts to NAV and high market-implied cap rates. ELS reported Q3 2020 normalized FFO at $.55 per...

Other stocks mentioned: AIV, AMH, APTS, AVB, BRG, CLPR, CPT ...
6 months ago - Seeking Alpha

Why Small-Cap REITs Have More Upside - Plus 2 To Buy

Other stocks mentioned: AMT, CCI, DLR, EQIX, O, PLD, PSA ...
6 months ago - Seeking Alpha

Unique Doesn't Mean Useful

Other stocks mentioned: AIV, APTS, AVB, BRG, BXMT, CLPR, CPT ...
7 months ago - Seeking Alpha

We're still seeing great bargains throughout the apartment REIT subsector.

Other stocks mentioned: AIV, APTS, AVB, BRG, CLPR, CPT, ELS ...
7 months ago - Seeking Alpha

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Earnings Release and Conference Call Dates

7 months ago - Business Wire

What REIT Prices Should Be Now

Other stocks mentioned: AVB, FRT, REG, SRC, STOR
7 months ago - Seeking Alpha

Many apartment REITs remain at substantial discounts to NAV. There is a clear correlation with coastal properties and larger discounts to NAV.

Other stocks mentioned: AIV, APTS, AVB, BRG, CLPR, CPT, EQR ...
7 months ago - Seeking Alpha

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Dividend

8 months ago - Business Wire

Why Real Assets Will Soar In The Recovery

Other stocks mentioned: BAM, HTA, NNN, O, TSLA, VNQ
8 months ago - Seeking Alpha

Gateway cities have been plagued by severe economic decline, strict lockdowns, rising violent crime, housing unaffordability, and remote work shift.

Other stocks mentioned: AIV, AMH, AVB, CPT, EQR, ESS, INVH ...
8 months ago - Seeking Alpha

What You Should Know About The REIT Rally

Other stocks mentioned: AMT, EQIX, MAC, PSA, SKT, SRC, VNQ
8 months ago - Seeking Alpha

I Put Half Of My Retirement Into These Investments

Other stocks mentioned: BRG, DIA, IVR, IWM, KBWY, QQQ, RFI ...
8 months ago - Seeking Alpha

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -1.15%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Independence Realty Trust: Attractive Markets, But Leverage Is A Concern

9 months ago - Seeking Alpha

Bad News For REIT Investors

Other stocks mentioned: ADC, O, PLD, SRC, VNQ
10 months ago - Seeking Alpha

Investors need to pay close attention to Independence Realty Trust (IRT) stock based on the movements in the options market lately.

11 months ago - Zacks Investment Research

The More It Drops, The More I Buy: Bear Market Edition

Other stocks mentioned: ACC, DOC, SPG, STOR
1 year ago - Seeking Alpha

I Put Half Of My Net Worth Into Real Investments

Other stocks mentioned: BAM, VNQ
1 year ago - Seeking Alpha

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -1.89%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Residential REIT Outlook Bright Despite Coronavirus Woes

Other stocks mentioned: EQR, NXRT
1 year ago - Zacks Investment Research

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Within the Hoya Capital Apartment REIT Index, we track the twelve largest apartment REITs, which account for roughly $140 billion in market value and more than 500,000 total housing units

Other stocks mentioned: AIV, APTS, AVB, BRG, CPT, EQR, ESS ...
1 year ago - Seeking Alpha

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -1.62%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

So how do we tell when a REIT is overpriced?

Other stocks mentioned: KIM, PSA
1 year ago - Forbes

Independence Realty Trust's (IRT) CEO Scott Schaeffer on Q3 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -0.76%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Does Independence Realty Trust (IRT) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 year ago - Zacks Investment Research

Trade war ambiguity and tepid demand are forcing companies to downscale production, thereby contracting the manufacturing activity in the United States.

Other stocks mentioned: ESS, NRG, UTL
1 year ago - Zacks Investment Research

Does Independence Realty Trust (IRT) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 year ago - Zacks Investment Research

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q2 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

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... [Read more...]

Industry
REIT-Residential
IPO Date
Aug 13, 2013
CEO
Scott Schaeffer
Employees
444
Stock Exchange
NYSE
Ticker Symbol
IRT
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 Forecasts

According to 10 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is 17.23, which is an increase of 5.71% from the latest price.

Price Target
$17.23
(5.71% upside)
Analyst Consensus: Buy