Independence Realty Trust (IRT) to Release Earnings on Wednesday

Independence Realty Trust (NYSE:IRT) is expected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Independence Realty Trust to post earnings of $0.28 per share and revenue of $164.08 million for the quarter. Independence Realty Trust has set its FY 2025 guidance at 1.160-1.190 EPS.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.24. Independence Realty Trust had a return on equity of 1.11% and a net margin of 6.15%. On average, analysts expect Independence Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Independence Realty Trust Trading Down 0.1 %

Independence Realty Trust stock opened at $19.56 on Tuesday. The stock has a market cap of $4.52 billion, a PE ratio of 108.67, a P/E/G ratio of 2.91 and a beta of 0.98. The stock has a 50-day moving average price of $20.18 and a 200 day moving average price of $20.15. Independence Realty Trust has a 52 week low of $15.65 and a 52 week high of $22.26.

Independence Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Friday, March 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Friday, March 28th. Independence Realty Trust’s dividend payout ratio is presently 355.56%.

Wall Street Analysts Forecast Growth

IRT has been the subject of several recent analyst reports. Barclays lifted their price target on Independence Realty Trust from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Jefferies Financial Group upgraded Independence Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $24.00 in a report on Monday, March 10th. JMP Securities restated a “market outperform” rating and issued a $22.00 price target on shares of Independence Realty Trust in a report on Tuesday, February 11th. UBS Group initiated coverage on Independence Realty Trust in a report on Monday, April 7th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Independence Realty Trust in a report on Wednesday, March 19th. They issued an “overweight” rating and a $24.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Independence Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $22.33.

Insider Activity

In other news, CEO Scott Schaeffer sold 10,000 shares of Independence Realty Trust stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $21.21, for a total value of $212,100.00. Following the transaction, the chief executive officer now directly owns 873,365 shares of the company’s stock, valued at $18,524,071.65. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.58% of the company’s stock.

Independence Realty Trust Company Profile

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.