Independence Realty Trust (NYSE:IRT - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Independence Realty Trust to post earnings of $0.29 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Independence Realty Trust Trading Up 0.4 %
NYSE IRT opened at $19.53 on Wednesday. The business's 50 day moving average is $20.11 and its two-hundred day moving average is $18.47. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -650.83, a PEG ratio of 2.79 and a beta of 1.17. Independence Realty Trust has a 12-month low of $11.61 and a 12-month high of $21.20.
Independence Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Monday, September 30th. Independence Realty Trust's dividend payout ratio is presently -2,133.33%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of Independence Realty Trust from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. JMP Securities upped their target price on shares of Independence Realty Trust from $20.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Independence Realty Trust from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Finally, BTIG Research upped their price target on Independence Realty Trust from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Independence Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.57.
View Our Latest Analysis on Independence Realty Trust
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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