Independence Realty Trust (NYSE:IRT - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $163.28 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Independence Realty Trust Stock Performance
Independence Realty Trust stock traded up $0.05 during mid-day trading on Friday, hitting $19.92. The company's stock had a trading volume of 1,503,190 shares, compared to its average volume of 1,370,973. The company has a 50 day moving average of $19.85 and a 200-day moving average of $20.03. Independence Realty Trust has a one year low of $14.07 and a one year high of $22.26. The stock has a market cap of $4.48 billion, a PE ratio of 17.43, a P/E/G ratio of 2.77 and a beta of 1.21.
Independence Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, December 31st.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. BMO Capital Markets raised shares of Independence Realty Trust from an "underperform" rating to a "market perform" rating and boosted their price objective for the company from $19.00 to $21.00 in a research report on Friday, November 15th. Barclays lowered their price target on Independence Realty Trust from $23.00 to $21.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Independence Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $20.86.
View Our Latest Analysis on IRT
About Independence Realty Trust
(
Get Free Report)
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.
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