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Independence Realty Trust

IRT · NYSE

$14.85+$0.36 (+2.48%)TodayMarket closed ·
Prev close $14.49

About IRT

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway U.S. markets. The firm is primarily engaged in the ownership, operation, management, improvement, and acquisition of multifamily apartment communities in non-gateway markets. Its primary business objective is to provide attractive risk-adjusted returns to stockholders through diligent portfolio management, operational performance, and consistent returns on capital through distributions and capital appreciation. Its segments include same-store and non-same-store. The company owns and operates around 115 multifamily apartment properties that contain an aggregate of over 33,818 units. Its properties are located in Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee and Texas. The firm owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP.

Employees
904
Headquarters
PHILADELPHIA, Pennsylvania
Listed
Aug 13, 2013
Sector
Real Estate
Industry
Residential REITs
Website
irtliving.com

IRT key statistics

Market cap
3.59B
Price-earnings ratio
60.38
Dividend yield
4.48%
Average volume
3.61M
Volume
3.23M
Open price
$14.55
High today
$14.87
Low today
$14.49
52 Week high
$17.79
52 Week low
$14.33

Independence Realty Trust (IRT) at a glance

Independence Realty Trust (IRT) last traded at $14.85, with a market cap of 3.59B, a price-to-earnings ratio of 60.38 and a dividend yield of 4.48%.

Today the stock has traded between $14.49 and $14.87. The current price is 2.5% above the day's low and 0.1% below its high.

Volume so far is 3.23M shares, in line with the average of 3.61M shares a day.

Over the past year Independence Realty Trust has ranged from $14.33 to $17.79, and now sits 15% of the way up that range.

Independence Realty Trust met or beat analyst EPS estimates in 2 of the last 8 quarters. In Q2 FY26 it reported $0.01 per share against an estimate of $0.0404.

The average analyst price target is $19.71, 32.7% above the current price, from 9 recent ratings.

Analyst ratings

Latest rating from each analyst over the past 12 months

78%of 9 analyst ratings say Buy
  • Buy77.8%
  • Hold22.2%
  • Sell0.0%
Price target · 15 analystsAvg $19.71
Low
$17.17
Now
$14.85
High
$23.10

IRT earnings

Earnings per share, reported against the analyst estimate

Beat the estimate in 2 of the last 8 quarters, by 25.7% on average.

  1. Q3 FY24: reported $0.05 per share against an estimate of $0.0892
  2. Q4 FY24: reported -$0.004 per share against an estimate of $0.0657
  3. Q1 FY25: reported $0.04 per share against an estimate of $0.0379
  4. Q2 FY25: reported $0.03 per share against an estimate of $0.0429
  5. Q3 FY25: reported -$0.01 per share against an estimate of $0.0783
  6. Q4 FY25: reported $0.14 per share against an estimate of $0.096
  7. Q1 FY26: reported $0.00 per share against an estimate of $0.0343
  8. Q2 FY26: reported $0.01 per share against an estimate of $0.0404

IRT news

  • Press releaseBusiness Wire

    IRT Announces Dates for Third Quarter 2026 Earnings Release and Conference Call

  • Press releaseBusiness Wire

    Centerspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSR

  • Press releasePRNewswire

    Centerspace Announces Third Quarter 2026 Earnings Release Date

  • Press releaseBusiness Wire

    Irenic Sends Letter to Independence Realty Trust Board of Directors Opposing Proposed Acquisition of Centerspace and Urging a Sale of the Company

  • Press releaseBusiness Wire

    IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders

  • Press releaseBusiness Wire

    Centerspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSR

  • Press releasePRNewswire

    Are CSR, BZH, IRT Obtaining Fair Deals for their Shareholders?

  • Press releaseBusiness Wire

    IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.