Independence Realty Trust Inc (IRT)

Overview News Price History Option Chain Discussions Forecast Dividend History

Independence Realty Trust Inc stock is currently priced at $15.83, with a 24-hour trading volume of 2.21M. It has seen a +1.34% increased in the last 24 hours and a -1.06% declined in the past month. The chart indicates a potential bullish trend, as the stock is above the $15.63 pivot point. If it approaches the $15.85 resistance level, significant changes may occur.

Independence Realty Trust Inc Stock (IRT) Financials Data

Independence Realty Trust Inc (IRT) Revenue 2024

IRT reported a revenue (TTM) of $660.98 million for the quarter ending December 31, 2023, a +5.16% rise year-over-year.

Independence Realty Trust Inc (IRT) Net Income 2024

IRT net income (TTM) was -$17.23 million for the quarter ending December 31, 2023, a -114.69% decrease year-over-year.

Independence Realty Trust Inc (IRT) Cash Flow 2024

IRT recorded a free cash flow (TTM) of $115.54 million for the quarter ending December 31, 2023, a -30.21% decrease year-over-year.

Independence Realty Trust Inc (IRT) Earnings per Share 2024

IRT earnings per share (TTM) was -$0.07 for the quarter ending December 31, 2023, a -113.21% decline year-over-year.

Independence Realty Trust Inc Stock (IRT) Latest News

Here We Go Again

Seeking Alpha

Rising Rents Complicates Fed's Disinflation Goal, Offers Tailwind To Residential REIT Stocks

Benzinga

Independence Realty Trust (NYSE: IRT) is a real estate investment trust that currently owns and operates 59 multifamily apartment properties, totaling 16,120 units, across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return of capital through distributions and capital appreciation.

Initiated	Deutsche Bank: Buy	Jan-30-24
Downgrade	BMO Capital Markets: Market Perform → Underperform	Dec-15-23
Downgrade	BMO Capital Markets: Outperform → Market Perform	Jul-18-23
Upgrade	JMP Securities: Mkt Perform → Mkt Outperform	May-08-23
Initiated	JMP Securities: Mkt Perform	Jan-30-23
Downgrade	Deutsche Bank: Buy → Hold	Jan-04-23
Downgrade	Jefferies: Buy → Hold	Jan-03-23
Resumed	Jefferies: Buy	Oct-19-22
Resumed	BTIG Research: Buy	May-09-22
Initiated	Jefferies: Buy	Apr-22-22
Initiated	Barclays: Overweight	Jan-18-22
Upgrade	Compass Point: Neutral → Buy	Jan-10-22
Initiated	RBC Capital Mkts: Outperform	Jan-10-22
Resumed	BMO Capital Markets: Outperform	Dec-17-21
Initiated	BMO Capital Markets: Outperform	Apr-26-21
Downgrade	BTIG Research: Buy → Neutral	Apr-21-21
Initiated	BTIG Research: Buy	Jan-11-21
Upgrade	Deutsche Bank: Hold → Buy	Dec-15-20
Resumed	Robert W. Baird: Outperform	Sep-15-20
Upgrade	CapitalOne: Equal Weight → Overweight	Aug-05-20
Upgrade	KeyBanc Capital Markets: Sector Weight → Overweight	Jul-09-20
Upgrade	Stifel: Hold → Buy	Mar-10-20
Downgrade	Compass Point: Buy → Neutral	Oct-31-19
Downgrade	JMP Securities: Mkt Outperform → Mkt Perform	Oct-21-19
Initiated	National Securities: Buy	Sep-27-19
Initiated	Stifel: Hold	Apr-09-19
Downgrade	B. Riley FBR: Buy → Neutral	Feb-06-19
Initiated	CapitalOne: Equal Weight	Nov-19-18
Initiated	Citigroup: Neutral	Oct-16-18
Initiated	Boenning & Scattergood: Outperform	Sep-17-18
Initiated	KeyBanc Capital Mkts: Sector Weight	Dec-05-17
Resumed	FBR & Co.: Outperform	Jul-11-17
Upgrade	FBR & Co.: Mkt Perform → Outperform	Jun-15-17
Reiterated	FBR Capital: Mkt Perform	Aug-04-16
Initiated	FBR Capital: Mkt Perform	Apr-07-16
Reiterated	Compass Point: Buy	Nov-02-15
Resumed	Deutsche Bank: Hold	Sep-28-15