Independence Realty Trust (NYSE:IRT) Issues FY 2026 Earnings Guidance

Independence Realty Trust (NYSE:IRT) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.120-1.160 for the period, compared to the consensus estimate of 0.620. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. KeyCorp decreased their target price on Independence Realty Trust from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft downgraded Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Tuesday, January 20th. Wall Street Zen upgraded Independence Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Barclays upped their target price on Independence Realty Trust from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Citigroup reiterated an “outperform” rating on shares of Independence Realty Trust in a research note on Friday, January 9th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.35.

Independence Realty Trust Stock Performance

NYSE IRT opened at $16.35 on Friday. The business has a fifty day moving average price of $16.98 and a 200 day moving average price of $16.89. The company has a market cap of $3.91 billion, a P/E ratio of 68.12, a P/E/G ratio of 2.01 and a beta of 1.00. Independence Realty Trust has a one year low of $15.06 and a one year high of $21.86.

Independence Realty Trust (NYSE:IRT) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $167.13 million during the quarter, compared to analysts’ expectations of $170.26 million. Independence Realty Trust had a net margin of 8.60% and a return on equity of 1.58%. Independence Realty Trust’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. As a group, sell-side analysts predict that Independence Realty Trust will post 1.19 EPS for the current fiscal year.

Independence Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, December 31st were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.68 annualized dividend and a dividend yield of 4.2%. Independence Realty Trust’s dividend payout ratio is 680.00%.

Hedge Funds Weigh In On Independence Realty Trust

Several hedge funds have recently bought and sold shares of IRT. Brooklyn Investment Group acquired a new position in Independence Realty Trust during the 4th quarter worth approximately $273,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Independence Realty Trust by 41.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 16,405 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 4,815 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Independence Realty Trust in the fourth quarter valued at approximately $249,000. NewEdge Advisors LLC purchased a new position in Independence Realty Trust during the 1st quarter worth $209,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Independence Realty Trust in the 3rd quarter valued at about $198,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

Independence Realty Trust Company Profile

Independence Realty Trust is a self-administered equity real estate investment trust that acquires, redevelops and manages multi-family communities. The company focuses on workforce housing, targeting Class A and B garden-style apartments in suburban and urban infill locations. Its core activities include sourcing value-add acquisitions, overseeing property renovations and delivering in-house property management services to optimize rental income and occupancy levels.

Headquartered in Wayne, Pennsylvania, Independence Realty Trust maintains a geographically diverse portfolio across several high-growth U.S.