Independence Realty Trust Inc. (IRT) Stock Price, Quote & News

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Bullish Probability	Sentiment	Score
+80%	Strong Buy	10
+75%	Buy	9
+70%	Buy	8
+60%	Buy	7
+50%	Hold	6
+45%	Hold	5
+40%	Hold	4
+35%	Sell	3
+30%	Sell	2
+20%	Strong Sell	1

Independence Realty Trust... (IRT)

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Bullish Probability	Sentiment	Score
+80%	Strong Buy	10
+75%	Buy	9
+70%	Buy	8
+60%	Buy	7
+50%	Hold	6
+45%	Hold	5
+40%	Hold	4
+35%	Sell	3
+30%	Sell	2
+20%	Strong Sell	1

18.80

0.10 (0.53%)

At close: Jan 14, 2025, 3:59 PM

18.81

0.03%

After-hours Jan 14, 2025, 04:00 PM EST

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Bid	18.54
Market Cap	4.23B
Revenue (ttm)	-
Net Income (ttm)	-
EPS (ttm)	-0.05
PE Ratio (ttm)	-376.1
Forward PE	n/a
Analyst	Buy

Ask	19.7
Volume	911,688
Avg. Volume (20D)	1,885,775
Open	18.71
Previous Close	18.70
Day's Range	18.65 - 18.91
52-Week Range	14.08 - 22.26
Beta	undefined

About IRT

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted...

[Show more]

Industry REIT - Residential

Sector Real Estate

IPO Date Aug 13, 2013

Employees 952

Stock Exchange NYSE

Ticker Symbol IRT

Website https://www.irtliving.com

Analyst Forecast

According to 8 analyst ratings, the average rating for IRT stock is "Buy." The 12-month stock price forecast is $21.5, which is an increase of 14.33% from the latest price.

Buy 75.00%

Hold 25.00%

Sell 0.00%

Stock Forecasts

Next Earnings Release

Independence Realty Trust Inc. is scheduled to release its earnings on Feb 12, 2025, during market hours.
Analysts project revenue of $163.29M, reflecting a -2.06% YoY shrinking and earnings per share of 0.32, making a 6.67% increase YoY.

News

1 day ago · seekingalpha.com

Apartment Rents Are Too Low

Apartment rental rates are significantly below equilibrium due to oversupply from zero interest rate policies, with rents expected to rise 10%-20% by 2027. Investment opportunities in apartment REITs ...

6 days ago · businesswire.com

Independence Realty Trust Announces Expanded Unsecured Credit Facility, Reflecting Increased Financial Flexibility and More Favorable Capital Structure

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that on January 8, 2025 its operating partnership, Independence Realty Operating Partnership, LP, entered i...

1 week ago · seekingalpha.com

Sector Spotlight: Multifamily REITs - They Survived Until 2025!

COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modes...

4 weeks ago · businesswire.com

Independence Realty Trust Announces Fourth Quarter 2024 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...

1 month ago · seekingalpha.com

Property Type Round-Up From REITworld 2024

REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...

1 month ago · seekingalpha.com

12 REITs Poised For Potential Outperformance

As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpa...

1 month ago · businesswire.com

Independence Realty Trust Scheduled to Participate in Nareit's REITworld Annual Conference

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and Pr...

2 months ago · zacks.com

Independence Realty Trust (IRT) Matches Q3 FFO Estimates

Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.30 per share a year ago.

3 months ago · seekingalpha.com

U.S. REITs Log Dip In Short Interest In September

Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...