Independence Realty Trust (NYSE:IRT) Updates FY 2025 Earnings Guidance

Independence Realty Trust (NYSE:IRT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.160-1.190 for the period, compared to the consensus earnings per share estimate of 1.190. The company issued revenue guidance of -.

Analyst Ratings Changes

Several research firms have weighed in on IRT. Barclays dropped their target price on shares of Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 target price on shares of Independence Realty Trust in a research report on Tuesday. Finally, BMO Capital Markets upgraded shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $19.00 to $21.00 in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.86.

Independence Realty Trust Stock Down 0.4 %

Shares of NYSE:IRT traded down $0.08 during trading on Wednesday, hitting $20.09. 2,242,186 shares of the stock traded hands, compared to its average volume of 1,556,885. The company has a fifty day moving average price of $19.80 and a two-hundred day moving average price of $20.06. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 2.77 and a beta of 1.21. Independence Realty Trust has a 52-week low of $14.07 and a 52-week high of $22.26.

Independence Realty Trust (NYSE:IRT) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.24. Independence Realty Trust had a negative return on equity of 0.01% and a negative net margin of 0.03%. On average, equities research analysts predict that Independence Realty Trust will post 1.15 EPS for the current fiscal year.

Independence Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 3.19%.

About Independence Realty Trust

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.