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 earnings per share (EPS) guidance of 1.160-1.190 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of -.

Independence Realty Trust Stock Performance

IRT stock traded down $0.08 during midday trading on Wednesday, reaching $20.09. 2,242,186 shares of the company’s stock traded hands, compared to its average volume of 1,556,885. The company has a 50-day moving average price of $19.80 and a two-hundred day moving average price of $20.06. Independence Realty Trust has a 52 week low of $14.07 and a 52 week high of $22.26. The firm has a market capitalization of $4.52 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.21.

Independence Realty Trust (NYSE:IRT) last issued 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 net margin of 0.03% and a negative return on equity of 0.01%. As a group, analysts predict that Independence Realty Trust will post 1.15 EPS for the current fiscal year.

Independence Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IRT shares. BMO Capital Markets raised shares of Independence Realty Trust from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $19.00 to $21.00 in a report on Friday, November 15th. Barclays decreased 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Independence Realty Trust in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Independence Realty Trust currently 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.