Independence Realty Trust (NYSE:IRT) Releases 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 Stock Performance

NYSE IRT traded up $0.38 during trading hours on Thursday, hitting $20.45. The company had a trading volume of 619,332 shares, compared to its average volume of 1,523,333. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 2.77 and a beta of 1.21. Independence Realty Trust has a 52 week low of $14.35 and a 52 week high of $22.26. The firm has a 50 day simple moving average of $19.78 and a 200 day simple moving average of $20.06.

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, topping the consensus estimate of $0.08 by $0.24. Independence Realty Trust had a negative net margin of 0.03% and a negative return on equity of 0.01%. On average, research analysts forecast that Independence Realty Trust will post 1.15 earnings per share for the current year.

Independence Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Tuesday, December 31st. Independence Realty Trust’s dividend payout ratio (DPR) is presently 193.94%.

Analyst Ratings Changes

IRT has been the topic of several recent analyst reports. Barclays cut their price target on shares of 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 upgraded shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $19.00 to $21.00 in a report on Friday, November 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price objective on shares of Independence Realty Trust in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.86.

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.