Independence Realty Trust
About: Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
Employees: 917
0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
328% more call options, than puts
Call options by funds: $184K | Put options by funds: $43K
49% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 37
18% more capital invested
Capital invested by funds: $4.6B [Q3] → $5.43B (+$831M) [Q4]
12% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 129
6.34% more ownership
Funds ownership: 95.68% [Q3] → 102.02% (+6.34%) [Q4]
3% more funds holding
Funds holding: 384 [Q3] → 394 (+10) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 2 (-2) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
3%
downside
Avg. target
$23
12%
upside
High target
$25
22%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Jefferies Linda Tsai 17% 1-year accuracy 1 / 6 met price target | 17%upside $24 | Buy Upgraded | 10 Mar 2025 |
Barclays Richard Hightower 62% 1-year accuracy 13 / 21 met price target | 3%downside $20 | Equal-Weight Maintained | 19 Feb 2025 |
JMP Securities Aaron Hecht 53% 1-year accuracy 26 / 49 met price target | 22%upside $25 | Market Outperform Maintained | 14 Feb 2025 |
Financial journalist opinion
Based on 7 articles about IRT published over the past 30 days
Neutral
Business Wire
3 days ago
Independence Realty Trust Announces First Quarter 2025 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 21, 2025, to shareholders of record at the close of business on March 28, 2025. About IRT Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust (“REIT”) that owns and operates multifamily communities, across non-gateway U.S. markets. I.
Positive
Seeking Alpha
1 week ago
Independence Realty Trust: Aligned To Benefit From Population Migration
Independence Realty Trust, Inc. has outperformed the S&P 500 due to its strong portfolio of multifamily properties and strategic focus on the sunbelt region. IRT's Q4 earnings showed mixed results, but net income improved significantly, and the REIT continues to expand its portfolio with strategic acquisitions. Despite a higher valuation, IRT's strong dividend coverage and potential for future growth make it a compelling investment, especially with ongoing population shifts to the sunbelt.
Positive
Seeking Alpha
1 week ago
REITs Rally As Rates Tumble
US equity markets declined for the fourth week in the past five after a frenetic slate of geopolitical headlines and economic data indicated a sluggish start to 2025 for global growth. The Atlanta Fed's updated growth forecast indicated a -1.5% contraction in first-quarter GDP, while PCE data showed the first monthly decline in personal spending in nearly two years. Buoyed by the interest rate retreat, real estate equities were also a notable source of strength this week as REIT earnings season wrapped up with a surprisingly solid slate of results.
Negative
Seeking Alpha
2 weeks ago
The State Of REITs: February 2025 Edition
After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas small caps (-0.95%) and micro caps (-7.80%) started the year in the red. Only 42.58% of REIT securities had a positive total during the first month of 2025.
Neutral
Seeking Alpha
4 weeks ago
Independence Realty Trust, Inc. (IRT) Q4 2024 Earnings Call Transcript
Independence Realty Trust, Inc. (NYSE:IRT ) Q4 2024 Earnings Conference Call February 13, 2025 9:00 AM ET Company Participants Maddy Zimba - Investor Relations Scott Schaeffer - Chief Executive Officer Jim Sebra - Chief Financial Officer Janice Richards - Senior Vice President, Operations Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Eric Wolfe - Citi Brad Heffern - RBC Capital Markets Rich Hightower - Barclays Ann Chan - Green Street Barry Oxford - Colliers Securities Michael Gorman - BTIG Linda Tsai - Jefferies Omotayo Okusanya - Deutsche Bank John Kim - BMO Capital Markets Operator Ladies and gentlemen, thank you for standing by and welcome to the Independence Realty Trust Q4 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Positive
Zacks Investment Research
4 weeks ago
Independence Realty Trust (IRT) Matches Q4 FFO Estimates
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.30 per share a year ago.
Neutral
Business Wire
4 weeks ago
Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT” and the “Company”) (NYSE: IRT), a multifamily apartment REIT, announces its fourth quarter and full year 2024 financial results and establishes full year 2025 guidance. EPS of $0.17 for 2024 CFFO of $0.32 for Fourth Quarter and $1.16 for Full Year 2024 High-End of Guidance Same Store Portfolio NOI Increased 5.3% and 3.2% during Fourth Quarter and Full Year 2024 In-Line with Guidance Solid Occupancy Gains and Rental Rate.
Neutral
Business Wire
1 month ago
Independence Realty Trust Announces Tax Treatment of Dividends in 2024
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2024 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #45378A106) Record Date Payment Date Distribution Per Share Ordinary Dividend Total Capital Gain Distr. Unrecap- tured Sec. 1250 Gain Section 897 Capital Gain Return of Capital Section 199A 3/29/24 4/19/.
Neutral
Business Wire
1 month ago
Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 12, 2025, and will hold its quarterly results conference call on Thursday, February 13, 2025 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, ac.
Positive
Seeking Alpha
1 month ago
Apartment Rents Are Too Low
Apartment rental rates are significantly below equilibrium due to oversupply from zero interest rate policies, with rents expected to rise 10%-20% by 2027. Investment opportunities in apartment REITs are promising; current low valuations present a buying opportunity as equilibrium is restored and rents increase. Coastal, Midwestern, and Sunbelt apartment REITs, as well as Canadian REIT BSR, offer varied prospects based on regional supply/demand dynamics and management capabilities.
Charts implemented using Lightweight Charts™