Independence Realty Trust (NYSE:IRT - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.160-1.190 for the period, compared to the consensus earnings per share estimate of 1.190. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. BMO Capital Markets upgraded shares of Independence Realty Trust from an "underperform" rating to a "market perform" rating and increased their price objective for the company from $19.00 to $21.00 in a report on Friday, November 15th. Barclays cut their price target on shares of 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. Finally, JMP Securities restated a "market outperform" rating and set a $22.00 price target on shares of Independence Realty Trust in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.86.
Read Our Latest Research Report on IRT
Independence Realty Trust Stock Performance
Shares of NYSE IRT traded up $0.01 during midday trading on Friday, reaching $20.53. 1,626,088 shares of the stock were exchanged, compared to its average volume of 1,370,973. The company has a 50 day simple moving average of $19.75 and a 200 day simple moving average of $20.09. The stock has a market capitalization of $4.62 billion, a P/E ratio of 17.43, a PEG ratio of 2.77 and a beta of 1.21. Independence Realty Trust has a twelve month low of $14.35 and a twelve month high of $22.26.
Independence Realty Trust (NYSE:IRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.24. Independence Realty Trust had a negative net margin of 0.03% and a negative return on equity of 0.01%. On average, research analysts expect that Independence Realty Trust will post 1.15 earnings per share for the current year.
Independence Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.16 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 3.12%.
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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