Independence Realty Trust (IRT) to Release Quarterly Earnings on Wednesday

Independence Realty Trust (NYSE:IRT) is expected to post its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Independence Realty Trust to post earnings of $0.08 per share and revenue of $163.28 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Independence Realty Trust Price Performance

Shares of IRT opened at $19.39 on Wednesday. Independence Realty Trust has a 1-year low of $14.07 and a 1-year high of $22.26. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21. The firm has a 50 day simple moving average of $20.03 and a 200-day simple moving average of $20.02.

Independence Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.30%. The ex-dividend date was Tuesday, December 31st.

Analyst Ratings Changes

A number of research firms recently commented on IRT. Barclays decreased their price objective on Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets raised shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $19.00 to $21.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.86.

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.