NYSE:IRT Independence Realty Trust (IRT) Stock Price, News & Analysis $19.19 -0.02 (-0.10%) (As of 10/8/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Independence Realty Trust Stock (NYSE:IRT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get IRT alerts:Sign Up Key Stats Today's Range$19.03▼$19.3450-Day Range$18.65▼$21.1552-Week Range$11.61▼$21.20Volume1.39 million shsAverage Volume2.27 million shsMarket Capitalization$4.32 billionP/E RatioN/ADividend Yield3.34%Price Target$19.57Consensus RatingModerate Buy Company OverviewIndependence 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… [SHOCKING] Crypto Document Leak… (Ad)The crypto market waits for no one. And my team of experts and I believe that a BIG move is right around the corner. That's why we're offering you instant access to the game-changing book that's transforming average investors into massive crypto successes.Download your digital copy now Independence Realty Trust Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks62nd Percentile Overall ScoreIRT MarketRank™: Independence Realty Trust scored higher than 62% of companies evaluated by MarketBeat, and ranked 528th out of 932 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.4 / 5Analyst RatingModerate Buy 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 4 research reports in the past 90 days.Read more about Independence Realty Trust's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth7.02% Earnings GrowthEarnings for Independence Realty Trust are expected to grow by 7.02% in the coming year, from $1.14 to $1.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independence Realty Trust is -639.45, 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 -639.45, 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 3.10. 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 1.21. 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. Short Interest0.0 / 5Short Interest LevelBearish Percentage of Shares Shorted10.58% 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 11.6, which indicates bearish sentiment.Change versus previous monthShort interest in Independence Realty Trust has recently increased by 90.26%, indicating that investor sentiment is decreasing significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldIndependence Realty Trust pays a meaningful dividend of 3.19%, 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. Sustainability and ESG2.8 / 5Environmental Score-3.54 Percentage of Shares Shorted10.58% 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 11.6, which indicates bearish sentiment.Change versus previous monthShort interest in Independence Realty Trust has recently increased by 90.26%, indicating that investor sentiment is decreasing significantly. News and Social Media4.1 / 5News Sentiment1.43 News SentimentIndependence Realty Trust has a news sentiment score of 1.43. 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 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Independence Realty Trust this week, compared to 3 articles on an average week.Search Interest3 people have searched for IRT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows1 people have added Independence Realty Trust to their MarketBeat watchlist in the last 30 days. Company Ownership1.7 / 5Insider TradingN/A 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. 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 IRT Stock News HeadlinesIndependence Realty Trust Announces Third Quarter 2024 Earnings Release and Conference Call DatesOctober 4, 2024 | finance.yahoo.comIndependence Realty Trust Reports Minimal Damage to Communities from Hurricane HeleneOctober 1, 2024 | finance.yahoo.com[SHOCKING] Crypto Document Leak…The crypto market waits for no one. And my team of experts and I believe that a BIG move is right around the corner. That's why we're offering you instant access to the game-changing book that's transforming average investors into massive crypto successes.October 8, 2024 | Crypto 101 Media (Ad)Independence Realty Trust, Inc. (NYSE:IRT) Short Interest Up 90.3% in SeptemberSeptember 28, 2024 | americanbankingnews.comJMP Securities Remains a Buy on Independence Realty (IRT)September 10, 2024 | markets.businessinsider.comBuy Rating Affirmed for Independence Realty Trust on Strategic Financial Moves and Solid Balance SheetSeptember 8, 2024 | markets.businessinsider.comIndependence Realty Trust Promotes Jim Sebra to PresidentSeptember 4, 2024 | finance.yahoo.comIndependence Realty Trust Announces Pricing of Public Offering of 10,000,000 Shares of Common StockSeptember 3, 2024 | businesswire.comSee More Headlines IRT Stock Analysis - Frequently Asked Questions How have IRT shares performed this year? Independence Realty Trust's stock was trading at $15.30 at the beginning of the year. Since then, IRT shares have increased by 25.4% and is now trading at $19.19. 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 for the quarter, missing analysts' consensus estimates of $0.29 by $0.14. The real estate investment trust earned $162.80 million during the quarter, compared to analysts' expectations 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%. Who are Independence Realty Trust's major shareholders? Top institutional investors of Independence Realty Trust include Blue Zone Wealth Advisors LLC (0.10%), Handelsbanken Fonder AB (0.03%), SG Americas Securities LLC (0.02%) and Mather Group LLC.. 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). Company Calendar Last Earnings2/15/2023Ex-Dividend for 7/19 Dividend6/28/2024Dividend Payable7/19/2024Ex-Dividend for 10/18 Dividend9/30/2024Today10/08/2024Dividend Payable10/18/2024Next Earnings (Confirmed)10/30/2024Fiscal 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$19.57 High Stock Price Target$22.00 Low Stock Price Target$15.00 Potential Upside/Downside+2.0%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.03) Trailing P/E RatioN/A Forward P/E Ratio16.83 P/E Growth3.1Net Income$-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 / Sales6.60 Cash Flow$0.83 per share Price / Cash Flow23.18 Book Value$15.88 per share Price / Book1.21Miscellaneous Outstanding Shares225,080,000Free Float223,775,000Market Cap$4.32 billion OptionableOptionable Beta1.17 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? 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