Independence Realty Trust, Inc. (NYSE:IRT – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.57.
A number of research firms recently weighed in on IRT. KeyCorp raised their target price on shares of Independence Realty Trust from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, September 6th. BTIG Research boosted their target price on shares of Independence Realty Trust from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Independence Realty Trust from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, JMP Securities lifted their price target on Independence Realty Trust from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Monday, September 9th.
Institutional Investors Weigh In On Independence Realty Trust
Independence Realty Trust Price Performance
Shares of IRT opened at $19.74 on Wednesday. The firm has a market cap of $4.44 billion, a P/E ratio of -658.00, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17. The company has a 50 day simple moving average of $20.09 and a two-hundred day simple moving average of $18.32. Independence Realty Trust has a 1 year low of $11.61 and a 1 year high of $21.20.
Independence Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 30th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Monday, September 30th. Independence Realty Trust’s payout ratio is presently -2,133.33%.
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.
Featured Articles
- Five stocks we like better than Independence Realty Trust
- What Are Dividend Contenders? Investing in Dividend Contenders
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- AMD Gains Momentum With AI: Can It Beat Expectations?
- Investing in Commodities: What Are They? How to Invest in Them
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Independence Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independence Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.