Independence Realty Trust (NYSE:IRT) Updates FY 2026 Earnings Guidance

Independence Realty Trust (NYSE:IRT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.120-1.160 for the period, compared to the consensus EPS estimate of 0.620. The company issued revenue guidance of -.

Independence Realty Trust Stock Up 0.7%

Shares of IRT stock traded up $0.11 on Friday, reaching $16.04. The company’s stock had a trading volume of 260,645 shares, compared to its average volume of 2,658,508. The company has a market capitalization of $3.83 billion, a P/E ratio of 66.76, a PEG ratio of 2.05 and a beta of 1.00. The stock’s 50 day simple moving average is $16.99 and its 200-day simple moving average is $16.89. Independence Realty Trust has a 12-month low of $15.06 and a 12-month high of $21.86.

Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $167.13 million during the quarter, compared to the consensus estimate of $170.26 million. Independence Realty Trust had a return on equity of 1.58% and a net margin of 8.60%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. Research analysts expect that Independence Realty Trust will post 1.19 EPS for the current year.

Independence Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, December 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.2%. Independence Realty Trust’s dividend payout ratio is presently 680.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on IRT shares. Zacks Research downgraded shares of Independence Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Colliers Securities cut Independence Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 4th. UBS Group increased their price objective on Independence Realty Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. BMO Capital Markets raised Independence Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.00 to $22.00 in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft lowered Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research note on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.35.

Institutional Investors Weigh In On Independence Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S bought a new stake in Independence Realty Trust in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Independence Realty Trust by 1,420.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,329 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,110 shares during the period. Advisory Services Network LLC bought a new stake in shares of Independence Realty Trust during the 3rd quarter valued at about $64,000. Sunbelt Securities Inc. boosted its stake in shares of Independence Realty Trust by 37.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,270 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Independence Realty Trust by 217.2% in the fourth quarter. Parallel Advisors LLC now owns 4,698 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 3,217 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

About Independence Realty Trust

Independence Realty Trust is a self-administered equity real estate investment trust that acquires, redevelops and manages multi-family communities. The company focuses on workforce housing, targeting Class A and B garden-style apartments in suburban and urban infill locations. Its core activities include sourcing value-add acquisitions, overseeing property renovations and delivering in-house property management services to optimize rental income and occupancy levels.

Headquartered in Wayne, Pennsylvania, Independence Realty Trust maintains a geographically diverse portfolio across several high-growth U.S.