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 7,296 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
402% more call options, than puts
Call options by funds: $276K | Put options by funds: $55K
50% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 3 (+1) [Q1 2025]
16% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 43
0% less funds holding
Funds holding: 397 [Q4 2024] → 396 (-1) [Q1 2025]
1% less repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 140
1.9% less ownership
Funds ownership: 102.02% [Q4 2024] → 100.12% (-1.9%) [Q1 2025]
10% less capital invested
Capital invested by funds: $5.43B [Q4 2024] → $4.91B (-$516M) [Q1 2025]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
22%
upside
Avg. target
$23
30%
upside
High target
$25
39%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Compass Point Merrill Ross | 22%upside $22 | Neutral Downgraded | 13 May 2025 |
Barclays Richard Hightower | 22%upside $22 | Equal-Weight Maintained | 9 May 2025 |
JMP Securities Aaron Hecht | 39%upside $25 | Market Outperform Reiterated | 5 May 2025 |
UBS Ami Probandt | 33%upside $24 | Buy Initiated | 7 Apr 2025 |
Wells Fargo Cooper Clark | 33%upside $24 | Overweight Initiated | 19 Mar 2025 |
Financial journalist opinion
Based on 3 articles about IRT published over the past 30 days
Positive
Seeking Alpha
1 day ago
4 U.S., Canadian REITs Hike Dividend Payments In May
Two publicly listed real estate investment trusts in the US declared increases to their regular dividends in May, according to S&P Global Market Intelligence data. Two Canadian REITs declared dividends in May. The dividend hikes in May brought the number of publicly traded US REITs that have declared increases to their regular dividends in the first five months of 2025 to 41 companies, representing 26.1% of the REIT industry.
Positive
Seeking Alpha
3 weeks ago
Independence Realty Trust: Recent Underperformance Presents A Buying Opportunity (Rating Upgrade)
Independence Realty Trust is a residential REIT focused on the Sunbelt region, with Atlanta and Dallas the largest markets for the company. Q1 2025 results show strong underlying NOI momentum but also muted cash flow per share growth due to ongoing equity issuance to fund portfolio growth. Higher occupancy had an outsized effect on NOI growth in the first quarter. Underlying rent growth is much weaker.
Negative
Seeking Alpha
3 weeks ago
When Your REIT Will Cut Its Dividend
When Your REIT Will Cut Its Dividend
Neutral
Business Wire
1 month ago
Independence Realty Trust Increases Quarterly Dividend by 6%
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors approved a quarterly dividend of $0.17 per share of IRT common stock, which represents a 6.3% increase over the prior quarterly rate of $0.16 per share. The second quarter 2025 dividend is payable on July 18, 2025, to shareholders of record at the close of business on June 27, 2025. “Our Board's decision to increase the quarterly dividend reflects continued confidence in our.
Neutral
Seeking Alpha
1 month ago
Independence Realty Trust, Inc. (IRT) Q1 2025 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q1 2025 Earnings Call Transcript
Negative
Zacks Investment Research
1 month ago
Independence Realty Trust (IRT) Misses Q1 FFO and Revenue Estimates
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.27 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to FFO of $0.27 per share a year ago.
Neutral
Business Wire
1 month ago
Independence Realty Trust Announces First Quarter 2025 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its first quarter 2025 financial results. _______________________ Q1 2025 EPS of $0.04 Q1 CFFO Per Share of $0.27 In Line with Expectations Same-Store Portfolio NOI Increased 2.7% for Q1 Solid Occupancy Gains and Rental Rate Growth Completed 275 Renovations in Value Add Program Achieving Average ROI of 16.2% During the First Quarter Exited Birmingham, AL market: Expanded P.
Neutral
Business Wire
2 months ago
IRT Announces Dates for First Quarter 2025 Earnings Release and Conference Call
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), announces the release date and conference call details in which management will discuss first quarter 2025 financial results. Details: Results Release Date: Wednesday, April 30, 2025, after the market closes Conference Call Date and Time: Thursday, May 1, 2025, at 9:00 a.m. Eastern Time Telephone Number (within the U.S.): (888) 440-3307 Conference ID (Passcode): 1963990 The live conference call can a.
Neutral
Business Wire
3 months 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
3 months 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.
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