NYSE:IRT Independence Realty Trust (IRT) Stock Price, News & Analysis $19.71 -0.35 (-1.74%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$19.67▼$20.0850-Day Range$18.32▼$20.7852-Week Range$11.61▼$20.86Volume2.66 million shsAverage Volume2.32 million shsMarket Capitalization$4.44 billionP/E RatioN/ADividend Yield3.25%Price Target$18.71 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Independence Realty Trust alerts: Email Address Independence Realty Trust MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside5.1% Downside$18.71 Price TargetShort InterestBearish5.50% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.54Upright™ Environmental ScoreNews Sentiment1.33Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth7.96%From $1.13 to $1.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.76 out of 5 starsFinance Sector505th out of 871 stocksReal Estate Investment Trusts Industry104th out of 178 stocks 1.4 Analyst's Opinion Consensus RatingIndependence Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 6 buy ratings, no hold ratings, and 1 sell rating.Amount of Analyst CoverageIndependence Realty Trust has only been the subject of 3 research reports in the past 90 days.Read more about Independence Realty Trust's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.50% of the outstanding shares of Independence Realty Trust have been sold short.Short Interest Ratio / Days to CoverIndependence Realty Trust has a short interest ratio ("days to cover") of 5.2.Change versus previous monthShort interest in Independence Realty Trust has recently increased by 36.95%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldIndependence Realty Trust pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependence Realty Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 52.46% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.Read more about Independence Realty Trust's dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIndependence Realty Trust has received a 21.61% net impact score from Upright. Independence Realty seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in apartment buildings", "Real estate funds investing in rental apartments", and "Residential real estate leasing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Independence Realty Trust is -3.54. Previous Next 3.5 News and Social Media Coverage News SentimentIndependence Realty Trust has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Independence Realty Trust this week, compared to 3 articles on an average week.Search Interest1 people have searched for IRT on MarketBeat in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independence Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.58% of the stock of Independence Realty Trust is held by insiders.Percentage Held by Institutions88.25% of the stock of Independence Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Independence Realty Trust's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 7.96% in the coming year, from $1.13 to $1.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is -656.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Independence Realty Trust is -656.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioIndependence Realty Trust has a PEG Ratio of 3.05. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIndependence Realty Trust has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Independence Realty Trust's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Golden CrestBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.>> Get Your FREE Wealth Protection Guide << About Independence Realty Trust Stock (NYSE: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-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.Read More IRT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IRT Stock News HeadlinesSeptember 4 at 9:40 AM | finance.yahoo.comIndependence Realty Trust Promotes Jim Sebra to PresidentSeptember 3, 2024 | businesswire.comIndependence Realty Trust Announces Pricing of Public Offering of 10,000,000 Shares of Common StockSeptember 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.September 1, 2024 | americanbankingnews.comIndependence Realty Trust (NYSE:IRT) Hits New 12-Month High at $20.68August 30, 2024 | americanbankingnews.comAnalysts Set Independence Realty Trust, Inc. (NYSE:IRT) PT at $18.17August 29, 2024 | uk.investing.comIndependence Realty Trust Inc (IRT)August 20, 2024 | finance.yahoo.comIndependence Realty Trust Announces Private Placement of $150 Million of Unsecured NotesAugust 20, 2024 | msn.comIndependence Realty Trust announces private placement of $150M of unsecured notesSeptember 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.August 12, 2024 | msn.comNew York City, Dallas lead apartment construction boom in 2024 - reportAugust 12, 2024 | finance.yahoo.comIRT Dec 2025 15.000 call (IRT251219C00015000)August 12, 2024 | finance.yahoo.comIRT Jan 2025 20.000 put (IRT250117P00020000)August 9, 2024 | morningstar.comIndependence Realty Trust IncAugust 6, 2024 | markets.businessinsider.comBuy Rating Affirmed for Independence Realty Trust on Strong Financials and Strategic EnhancementsAugust 3, 2024 | seekingalpha.comIndependence Realty Trust, Inc (IRT) Q2 2024 Earnings Call TranscriptAugust 2, 2024 | uk.finance.yahoo.comQ2 2024 Independence Realty Trust Inc Earnings CallAugust 2, 2024 | gurufocus.comQ2 2024 Independence Realty Trust Inc Earnings Call TranscriptAugust 2, 2024 | markets.businessinsider.comBuy Rating Affirmed for Independence Realty Trust Amidst Solid Q2 Performance and Positive OutlookSee More Headlines Receive IRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independence Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/15/2023Ex-Dividend for 7/19 Dividend6/28/2024Dividend Payable7/19/2024Today9/07/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:IRT CUSIPN/A CIK1466085 Webwww.irtliving.com Phone(267) 270-4800FaxN/AEmployees920Year FoundedN/APrice Target and Rating Average Stock Price Target$18.71 High Stock Price Target$22.00 Low Stock Price Target$15.00 Potential Upside/Downside-5.1%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.03) Trailing P/E RatioN/A Forward P/E Ratio17.44 P/E Growth3.05Net Income$-17,230,000.00 Net Margins-1.32% Pretax Margin-1.40% Return on Equity-0.24% Return on Assets-0.14% Debt Debt-to-Equity Ratio0.62 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$654.59 million Price / Sales6.78 Cash Flow$0.87 per share Price / Cash Flow22.77 Book Value$15.70 per share Price / Book1.26Miscellaneous Outstanding Shares225,080,000Free Float223,775,000Market Cap$4.44 billion OptionableOptionable Beta1.14 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Scott F. Schaeffer (Age 62)President, CEO & Chairman Comp: $2.17MMr. James J. Sebra (Age 48)CFO & Treasurer Comp: $1.06MMr. Jason R. Delozier (Age 40)Chief Accounting Officer & Controller Comp: $720.8kMs. Michele R. Weisbaum (Age 63)General Counsel Comp: $242.2kMike DaleyExecutive Vice President of Operations & PeopleJosh KulickExecutive Vice President of Technology & InnovationMr. Ted McHughInvestor Relation Officer of Edelman SmithfieldMr. Pete RushingSenior Vice President of Sales & MarketingMs. Ella Shaw Neyland (Age 69)Consultant Comp: $1.69MJanice RichardsSenior Vice President of OperationsMore ExecutivesKey CompetitorsRobinhood MarketsNASDAQ:HOODNomuraNYSE:NMRHealthpeak PropertiesNYSE:DOCAmerican Homes 4 RentNYSE:AMHGaming and Leisure PropertiesNASDAQ:GLPIView All CompetitorsInstitutional OwnershipTeachers Retirement System of The State of KentuckySold 2,000 shares on 8/26/2024Ownership: 0.035%Cetera Investment AdvisersSold 76,301 shares on 8/22/2024Ownership: 0.148%B. Riley Wealth Advisors Inc.Sold 4,058 shares on 8/19/2024Ownership: 0.017%Creative PlanningBought 11,338 shares on 8/16/2024Ownership: 0.044%Algert Global LLCBought 31,583 shares on 8/16/2024Ownership: 0.014%View All Institutional Transactions IRT Stock Analysis - Frequently Asked Questions How have IRT shares performed this year? Independence Realty Trust's stock was trading at $15.30 on January 1st, 2024. Since then, IRT shares have increased by 28.8% and is now trading at $19.71. View the best growth stocks for 2024 here. How were Independence Realty Trust's earnings last quarter? Independence Realty Trust, Inc. (NYSE:IRT) issued its quarterly earnings results on Wednesday, February, 15th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by $0.14. The real estate investment trust had revenue of $162.80 million for the quarter, compared to the consensus estimate of $163.65 million. Independence Realty Trust had a negative net margin of 1.32% and a negative trailing twelve-month return on equity of 0.24%. What is Scott F. Schaeffer's approval rating as Independence Realty Trust's CEO? 6 employees have rated Independence Realty Trust Chief Executive Officer Scott F. Schaeffer on Glassdoor.com. Scott F. Schaeffer has an approval rating of 69% among the company's employees. Who are Independence Realty Trust's major shareholders? Top institutional shareholders of Independence Realty Trust include Long Pond Capital LP (3.77%), Dimensional Fund Advisors LP (1.47%), Bank of New York Mellon Corp (1.10%) and Massachusetts Financial Services Co. MA (0.53%). View institutional ownership trends. How do I buy shares of Independence Realty Trust? Shares of IRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Independence Realty Trust own? Based on aggregate information from My MarketBeat watchlists, some other companies that Independence Realty Trust investors own include Annaly Capital Management (NLY), Energy Transfer (ET), AT&T (T), Government Properties Income Trust (GOV), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI) and Ares Capital (ARCC). This page (NYSE:IRT) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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