Independence Realty Trust, Inc. (IRT)

NYSE: IRT · IEX Real-Time Price · USD
22.31
0.12 (0.54%)
May 19, 2022 4:00 PM EDT - Market closed
Market Cap5.09B
Revenue (ttm)345.50M
Net Income (ttm)118.10M
Shares Out228.13M
EPS (ttm)0.41
PE Ratio54.41
Forward PE44.84
Dividend$0.68 (3.04%)
Ex-Dividend DateMar 31, 2022
Volume5,945,041
Open22.28
Previous Close22.19
Day's Range22.07 - 23.02
52-Week Range16.01 - 28.42
Beta0.94
AnalystsBuy
Price Target28.21 (+26.4%)
Earnings DateMay 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...

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateAug 13, 2013
CEOScott Schaeffer
Employees937
Stock ExchangeNYSE
Ticker SymbolIRT
Full Company Profile

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 Statements

Analyst 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.

Price Target
$28.21
(26.45% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

1 day ago - Business Wire

3 Soaring Stocks That Can Make You Richer

These stocks are paving the way in their respective industries, making them fantastic picks for long-term investors.

Other symbols:CSGPDLR
2 days ago - The Motley Fool

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 ...

Other symbols:SPGI
1 week ago - PRNewsWire

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?

2 weeks ago - Zacks Investment Research

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...

2 weeks ago - Business Wire

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.

3 weeks ago - Zacks Investment Research

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 ...

1 month ago - Business Wire

These four apartment REITs could be good opportunities for investors to cash in on skyrocketing rent prices, Jim Cram...

"With rents skyrocketing all across America. ... You might want to own one of the best apartment REITs," the "Mad Money" host said Tuesday.

Other symbols:ACCAVBCPT
1 month ago - CNBC

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.

1 month ago - Zacks Investment Research

Best Momentum Stocks to Buy for March 28th

IRT, NLSN, and BMO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 28, 2022.

Other symbols:BMONLSN
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

7 REITs to Buy for March 2022

REITs are a reliable way to shield yourself from inflation and other turmoil. Here are seven of the best REITs to buy this month.

Other symbols:AVBCCIDEADLRLSIPSTL
2 months ago - InvestorPlace

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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.

2 months ago - Zacks Investment Research

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.

2 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for February 23rd

TS, BAK, and IRT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 23, 2022

Other symbols:BAKTS
2 months ago - Zacks Investment Research

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?

3 months ago - Zacks Investment Research

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 ...

3 months ago - Business Wire

3 REITs That Could Carry Your Portfolio for Years

These real estate investment trusts are ideal buys to build out your portfolio.

Other symbols:DREEXR
3 months ago - The Motley Fool

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...

3 months ago - Business Wire

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...

3 months ago - Zacks Investment Research

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...

3 months ago - Zacks Investment Research

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...

4 months ago - Business Wire

APTS or IRT: Which Is the Better Value Stock Right Now?

APTS vs. IRT: Which Stock Is the Better Value Option?

Other symbols:APTS
4 months ago - Zacks Investment Research