Independence Realty Trust, Inc. (IRT)

NYSE: IRT · IEX Real-Time Price · USD
17.93
+0.30 (1.70%)
Jun 14, 2024, 4:00 PM EDT - Market closed
1.70%
Market Cap 4.04B
Revenue (ttm) 660.14M
Net Income (ttm) -8.30M
Shares Out 225.08M
EPS (ttm) -0.03
PE Ratio n/a
Forward PE 63.55
Dividend $0.64 (3.57%)
Ex-Dividend Date Jun 28, 2024
Volume 2,129,318
Open 17.47
Previous Close 17.63
Day's Range 17.43 - 17.94
52-Week Range 11.61 - 18.77
Beta 1.11
Analysts Buy
Price Target 16.80 (-6.3%)
Earnings Date Jul 24, 2024

About IRT

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. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjus... [Read more]

Sector Real Estate
IPO Date Aug 13, 2013
Employees 952
Stock Exchange NYSE
Ticker Symbol IRT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is $16.8, which is a decrease of -6.30% from the latest price.

Price Target
$16.8
(-6.30% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Independence Realty Trust Announces Second Quarter 2024 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...

4 days ago - Business Wire

Independence Realty Trust to Participate in Nareit's REITweek 2024 Investor 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 Ja...

11 days ago - Business Wire

Independence Realty Trust Announces First Quarter 2024 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2024 financial results. First Quarter Highlights Net...

7 weeks ago - Business Wire

Independence Realty Trust Announces First Quarter 2024 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 2024 financial results after market close on Wednesday, ...

2 months ago - Business Wire

Independence Realty Trust Completes Sale of Three Additional Properties as Part of Portfolio Optimization and Deleveraging Strategy

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the sale of three properties in three markets, as part of the Company's Portfolio Optimization and De...

2 months ago - Business Wire

Independence Realty Trust Announces 2023 Sustainability Report

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced its 2023 Sustainability Report, highlighting the progress we have made against our sustainability str...

2 months ago - Business Wire

Independence Realty Trust Announces First Quarter 2024 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...

3 months ago - Business Wire

Independence Realty Trust Receives Investment Grade Credit Rating from Fitch

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that the Company received an investment grade rating from Fitch Ratings (“Fitch”). F...

3 months ago - Business Wire

Independence Realty Trust to Present at Citi's 2024 Global Property CEO Conference

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Fina...

3 months ago - Business Wire

Independence Realty Trust Appoints Craig Macnab to its Board of Directors

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) today announced the appointment of Craig Macnab to its Board of Directors (the “Board”), effective F...

Other symbols: NNN
3 months ago - Business Wire

Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2023 financial results and provided i...

4 months ago - Business Wire

Independence Realty Trust Announces Tax Treatment of Dividends in 2023

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as th...

5 months ago - Business Wire

Independence Realty Trust Announces Fourth Quarter and Full Year 2023 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 2023 financial results after market close...

5 months ago - Business Wire

Independence Realty Trust Completes Sale of Four Properties, Advancing Portfolio Optimization and Deleveraging Strategy

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the sale of four properties in four markets, as part of the Company's Portfolio Optimization and Dele...

5 months ago - Business Wire

Independence Realty Trust Announces Fourth Quarter 2023 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...

6 months ago - Business Wire

Independence Realty Trust Scheduled to Participate in Nareit's REITworld Annual Conference

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT's Chairman and Chief Executive Officer, and Jim Sebra, IRT's Chief Financia...

7 months ago - Business Wire

Independence Realty Trust Announces Third Quarter 2023 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2023 financial results, initiated its portfolio opti...

8 months ago - Business Wire

Independence Realty Trust Announces Third Quarter 2023 Earnings Release and Conference Call Dates

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2023 financial results after market close on Monday, Oct...

9 months ago - Business Wire

Independence Realty Trust Announces Third Quarter 2023 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...

9 months ago - Business Wire

Independence Realty Trust Scheduled to Host Investor Meetings at Bank of America Securities 2023 Global Real Estate Conference on September 12

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Jim Sebra, IRT's Chief Financial Officer and Mike Daley, IRT's Executive Vice President, Operati...

9 months ago - Business Wire

Independence Realty Trust Announces Second Quarter 2023 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2023 financial results and raised the midpoint of i...

11 months ago - Business Wire

Independence Realty Trust Announces Second Quarter 2023 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 2023 financial results after market close on Wednesday,...

1 year ago - Business Wire

Independence Realty Trust to Participate in Nareit's REITweek 2023 Investor Conference

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and CEO, Jim Sebra, CFO, Mike Daley, EVP of Operations and People, and...

1 year ago - Business Wire

Independence Realty Trust Increases Quarterly Dividend By 14%

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that IRT's board of directors approved a quarterly dividend of $0.16 per share of IRT common stock, w...

1 year ago - Business Wire

Independence Realty Trust Announces First Quarter 2023 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2023 financial results. First Quarter Highlights Net...

1 year ago - Business Wire