Independence Realty Trust (IRT) Projected to Post Quarterly Earnings on Wednesday

Independence Realty Trust (NYSE:IRT) is expected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Independence Realty Trust to post earnings of $0.08 per share and revenue of $163.28 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Independence Realty Trust Trading Up 0.9 %

NYSE:IRT opened at $19.39 on Wednesday. The firm’s fifty day simple moving average is $20.03 and its 200 day simple moving average is $20.02. Independence Realty Trust has a twelve month low of $14.07 and a twelve month high of $22.26. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.68 and a beta of 1.21.

Independence Realty Trust Announces Dividend

The business 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IRT shares. BMO Capital Markets upgraded Independence Realty Trust from an “underperform” rating to a “market perform” rating and raised their target price for the company from $19.00 to $21.00 in a report on Friday, November 15th. Barclays reduced 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.