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

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

Independence Realty Trust Price Performance

Shares of Independence Realty Trust stock traded down $0.08 during midday trading on Wednesday, hitting $20.09. 2,242,186 shares of the company were exchanged, compared to its average volume of 1,556,885. The firm has a market cap of $4.52 billion, a P/E ratio of 17.43, a PEG 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. The firm has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $20.06.

Independence Realty Trust (NYSE:IRT) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research analysts expect that Independence Realty Trust will post 1.15 earnings per share for the current year.

Independence Realty Trust Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on IRT. Barclays cut their price target on Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. BMO Capital Markets raised Independence Realty Trust from an “underperform” rating to a “market perform” rating and increased their price target for the company from $19.00 to $21.00 in a research report on Friday, November 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price objective on shares of Independence Realty Trust in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.