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Independence Realty Trust, Inc. (IRT)

Stock Price: $14.18 USD -0.21 (-1.46%)
Updated Feb 25, 2021 4:00 PM EST - Market closed
Market Cap 1.44B
Revenue (ttm) 211.91M
Net Income (ttm) 14.77M
Shares Out 93.66M
EPS (ttm) 0.16
PE Ratio 89.75
Forward PE 285.71
Dividend $0.54
Dividend Yield 3.81%
Trading Day February 25
Last Price $14.18
Previous Close $14.39
Change ($) -0.21
Change (%) -1.46%
Day's Open 14.32
Day's Range 14.12 - 14.55
Day's Volume 419,368
52-Week Range 6.66 - 14.75

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Zacks Investment Research - 2 weeks ago

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...

Business Wire - 2 weeks ago

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

Business Wire - 4 weeks ago

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

Business Wire - 1 month ago

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

Seeking Alpha - 1 month ago

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

Business Wire - 1 month ago

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

Business Wire - 2 months ago

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

Seeking Alpha - 3 months ago

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
Seeking Alpha - 3 months ago

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 avoid...

Seeking Alpha - 3 months ago

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

Zacks Investment Research - 3 months ago

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...

Business Wire - 3 months ago

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

Seeking Alpha - 3 months ago

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

Seeking Alpha - 4 months ago

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 a...

Other stocks mentioned: AIV, AMH, APTS, AVB, BRG, CLPR, CPT, ELS, EQR, ESS, INVH, MAA, NXRT, RESI, SUI, UDR
Seeking Alpha - 4 months ago

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

Other stocks mentioned: AMT, CCI, DLR, EQIX, O, PLD, PSA, SBAC, SPG, UBA, UBP, VNQ, WELL, WY
Seeking Alpha - 4 months ago

Unique Doesn't Mean Useful

Other stocks mentioned: AIV, APTS, AVB, BRG, BXMT, CLPR, CPT, EQR, ESS, MAA, NXRT, O, UDR
Seeking Alpha - 4 months ago

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

Other stocks mentioned: AIV, APTS, AVB, BRG, CLPR, CPT, ELS, EQR, ESS, MAA, NXRT, SUI, UDR
Business Wire - 4 months ago

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

Seeking Alpha - 4 months ago

What REIT Prices Should Be Now

Other stocks mentioned: AVB, FRT, REG, SRC, STOR
Seeking Alpha - 5 months ago

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, ESS, MAA, NXRT, UDR
Business Wire - 5 months ago

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

Seeking Alpha - 5 months ago

Why Real Assets Will Soar In The Recovery

Other stocks mentioned: BAM, HTA, NNN, O, TSLA, VNQ
Seeking Alpha - 5 months ago

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, MAA, NXRT, UDR
Seeking Alpha - 5 months ago

What You Should Know About The REIT Rally

Other stocks mentioned: AMT, EQIX, MAC, PSA, SKT, SRC, VNQ
Seeking Alpha - 5 months ago

I Put Half Of My Retirement Into These Investments

Other stocks mentioned: BRG, DIA, IVR, IWM, KBWY, QQQ, RFI, RNP, RQI, SACH, SPY
Seeking Alpha - 6 months ago

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

Zacks Investment Research - 6 months ago

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?

Seeking Alpha - 6 months ago

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

Seeking Alpha - 8 months ago

Bad News For REIT Investors

Other stocks mentioned: ADC, O, PLD, SRC, VNQ
Zacks Investment Research - 8 months ago

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

Seeking Alpha - 9 months ago

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

Other stocks mentioned: ACC, DOC, SPG, STOR
Seeking Alpha - 9 months ago

I Put Half Of My Net Worth Into Real Investments

Other stocks mentioned: BAM, VNQ
Seeking Alpha - 9 months ago

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

Zacks Investment Research - 9 months ago

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 st...

Zacks Investment Research - 10 months ago

Residential REIT Outlook Bright Despite Coronavirus Woes

Other stocks mentioned: EQR, NXRT
Seeking Alpha - 1 year ago

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

Seeking Alpha - 1 year ago

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, IRET, MAA, NXRT, UDR
Zacks Investment Research - 1 year ago

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...

Forbes - 1 year ago

So how do we tell when a REIT is overpriced?

Other stocks mentioned: KIM, PSA
Seeking Alpha - 1 year ago

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

Zacks Investment Research - 1 year ago

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 th...

Zacks Investment Research - 1 year ago

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

Zacks Investment Research - 1 year ago

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
Zacks Investment Research - 1 year ago

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

Seeking Alpha - 1 year ago

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

Zacks Investment Research - 1 year ago

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and 1.35%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Forbes - 1 year ago

Real estate investment trusts (REITs) are simply the best dividend payers you can own right now.

Other stocks mentioned: CUBE, MAA, RQI, SMTA, SRC, VNQ
Seeking Alpha - 1 year ago

If more people buy homes, then rental rate growth will likely slow, which could have an impact on residential REITs.

Other stocks mentioned: ELS, EQR, SUI, UMH
Seeking Alpha - 1 year ago

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q1 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -0.68%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the st...

About IRT

Independence Realty Trust (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 return on... [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 15.06, which is an increase of 6.21% from the latest price.

Price Target
$15.06
(6.21% upside)
Analyst Consensus: Buy