Independence Realty Trust (NYSE:IRT – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Independence Realty Trust to post earnings of $0.28 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Independence Realty Trust Price Performance
IRT stock opened at $15.68 on Wednesday. The business has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $14.69. The firm has a market capitalization of $3.53 billion, a PE ratio of -223.90, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. Independence Realty Trust has a 1 year low of $11.61 and a 1 year high of $18.77.
Independence Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, March 29th will be given a $0.16 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.64 annualized dividend and a yield of 4.08%. Independence Realty Trust’s payout ratio is -914.16%.
Hedge Funds Weigh In On Independence Realty Trust
Analyst Upgrades and Downgrades
IRT has been the subject of several analyst reports. JMP Securities increased their price objective on Independence Realty Trust from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 6th. Barclays lowered their price target on Independence Realty Trust from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Royal Bank of Canada raised their price target on Independence Realty Trust from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. TheStreet lowered Independence Realty Trust from a “c” rating to a “d+” rating in a research report on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Independence Realty Trust in a research report on Tuesday, January 30th. They set a “buy” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, Independence Realty Trust currently has an average rating of “Hold” and an average price target of $17.00.
Check Out Our Latest Research Report on IRT
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.
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