Independence Realty Trust (IRT) to Release Quarterly Earnings on Wednesday (2025)

Posted by Defense World Staff on Apr 23rd, 2025

Independence Realty Trust (IRT) to Release Quarterly Earnings on Wednesday (1)Independence Realty Trust (NYSE:IRTGet Free Report) is anticipated to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Independence Realty Trust to post earnings of $0.28 per share and revenue of $164.08 million for the quarter. Independence Realty Trust has set its FY 2025 guidance at 1.160-1.190 EPS.

Independence Realty Trust (NYSE:IRTGet Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.24. Independence Realty Trust had a return on equity of 1.11% and a net margin of 6.15%. On average, analysts expect Independence Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Independence Realty Trust Stock Up 2.7 %

NYSE:IRT opened at $19.42 on Wednesday. The company has a market cap of $4.49 billion, a PE ratio of 107.89, a P/E/G ratio of 2.91 and a beta of 0.98. The business’s 50 day moving average is $20.27 and its two-hundred day moving average is $20.13. Independence Realty Trust has a 52 week low of $15.27 and a 52 week high of $22.26.

Independence Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Friday, March 28th were paid 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 Friday, March 28th. Independence Realty Trust’s dividend payout ratio (DPR) is presently 355.56%.

Insider Activity at Independence Realty Trust

In other Independence Realty Trust news, CEO Scott Schaeffer sold 10,000 shares of Independence Realty Trust stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $21.21, for a total value of $212,100.00. Following the completion of the sale, the chief executive officer now directly owns 873,365 shares in the company, valued at $18,524,071.65. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IRT shares. UBS Group started coverage on Independence Realty Trust in a research report on Monday, April 7th. They issued a “buy” rating and a $24.00 target price on the stock. Barclays lifted their price objective on shares of Independence Realty Trust from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Wells Fargo & Company began coverage on shares of Independence Realty Trust in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $24.00 target price for the company. Jefferies Financial Group raised Independence Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $24.00 in a report on Monday, March 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Independence Realty Trust in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Independence Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Read Our Latest Stock Report on Independence Realty Trust

Independence Realty Trust Company Profile

(Get Free Report)

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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Independence Realty Trust (IRT) to Release Quarterly Earnings on Wednesday (2)

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