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

Shares of NYSE:IRT traded up $0.24 during trading on Friday, reaching $20.76. 254,316 shares of the stock were exchanged, compared to its average volume of 1,540,825. Independence Realty Trust has a 12-month low of $14.35 and a 12-month high of $22.26. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.21. The firm’s 50-day moving average price is $19.77 and its 200 day moving average price is $20.07.

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, topping analysts’ consensus estimates of $0.08 by $0.24. Independence Realty Trust had a negative return on equity of 0.01% and a negative net margin of 0.03%. As a group, equities research analysts forecast that Independence Realty Trust will post 1.15 EPS for the current year.

Independence Realty Trust Dividend Announcement

The business 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 3.08%. The ex-dividend date was Tuesday, December 31st.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IRT shares. BMO Capital Markets upgraded 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. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Independence Realty Trust in a research note on Tuesday. Finally, Barclays reduced their target price on Independence Realty Trust from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Independence Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price 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.