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

Independence Realty Trust (NYSE:IRT) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.130-1.150 for the period, compared to the consensus estimate of 1.140.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Citizens Jmp reiterated a “market outperform” rating and issued a $22.00 price objective on shares of Independence Realty Trust in a research note on Thursday, September 10th. Wall Street Zen upgraded shares of Independence Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Barclays cut their price objective on shares of Independence Realty Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Finally, Wells Fargo & Company decreased their target price on shares of Independence Realty Trust from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.39.

Independence Realty Trust Price Performance

IRT traded up $0.10 on Tuesday, hitting $15.04. 210,687 shares of the stock were exchanged, compared to its average volume of 2,936,239. Independence Realty Trust has a 12 month low of $14.33 and a 12 month high of $17.79. The business has a 50-day moving average of $15.15 and a two-hundred day moving average of $16.06. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 83.56 and a beta of 0.96.

Independence Realty Trust (NYSE:IRT) last announced its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.18). Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%. The firm had revenue of $171.96 million for the quarter, compared to analyst estimates of $171.43 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. Equities research analysts expect that Independence Realty Trust will post 1.14 earnings per share for the current fiscal year.

Independence Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Wednesday, September 30th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.8%. Independence Realty Trust’s dividend payout ratio (DPR) is currently 400.00%.

Independence Realty Trust Company Profile

Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns, operates and acquires multifamily apartment communities in the United States. The company focuses on providing rental housing, with properties generally located in markets that offer population growth, employment opportunities and attractive long-term housing demand.

IRT’s portfolio is concentrated primarily in the Southeast and other select U.S. growth markets, including communities in states such as Georgia, North Carolina, South Carolina, Tennessee, Florida, Texas and Colorado.