Independence Realty Trust, Inc. IRT
14.90 USD -0.07 (-0.43%)
Nov 12, 2026, 2:49 PM EST
14.90 Day range 15.08
14.33 52-week range 17.79
- YTD
- -14.79%
- 1 year
- -10.05%
- Market cap
- 3.60B
- Revenue (ttm)
- 671.76M
- Profit margin
- 9.19%
- EPS (ttm)
- 0.26
- Shares out
- 235.87M
- P/E ratio
- 57.33
- Forward P/E
- 186.88
- Dividend
- 0.72 (4.78%)
- Ex-dividend date
- Sep 29, 2026
- YTD return
- -14.79%
- 1-year return
- -10.05%
- Volume
- 1.31M
- Avg volume
- 3.36M
- Open
- 15.00
- Previous close
- 14.96
- Day's range
- 14.90 – 15.08
- 52-week range
- 14.33 – 17.79
- Beta
- 0.93
- Analysts
- Buy
- Price target
- 18.54 (+24.5%)
- Earnings date
- Feb 10, 2027
5D -0.80 (-5.08%)
Key statistics
- Enterprise value
- 6.04B
- PEG ratio
- 0.00
- Price / sales
- 5.38
- Price / book
- 1.05
- Dividend yield
- 4.78%
- Payout ratio
- 269.23%
- Revenue growth
- -3.10%
- Free cash flow
- 223.89M
- Total cash
- 39.70M
- Total debt
- 2.40B
- Return on equity
- 1.78%
- Short % of float
- 12.09%
- 50-day average
- 14.98
- 200-day average
- 16.00
Analyst view
Consensus: buy
Buy
Price target (mean) 18.54 +24.5% upside
Now 14.90
- Target (low)
- 15.00
- Target (mean)
- 18.54
- Target (high)
- 22.00
Ratings (0m) 13 10 buy · 3 hold · 0 sell
- Strong buy3
- Buy7
- Hold3
- Sell0
- Strong sell0
Next earnings
Feb 10, 2027
Expected Feb 10, 2027. Consensus EPS estimate 0.05.
Financials — quick view
IRT Revenue — quarterly 172.11M
IRT Net income — quarterly 25.15M
IRT EPS — quarterly 0.11
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 10, 2027 | Dec 30, 2026 | 0.08793 | — | — | — |
| Nov 2, 2026 | Sep 30, 2026 | 0.04518 | 0.11 | +0.06 | +143.47% |
| Aug 3, 2026 | Jun 30, 2026 | 0.02522 | 0.01 | -0.02 | -60.35% |
| Apr 29, 2026 | Mar 31, 2026 | 0.03 | 0.26 | +0.23 | +766.67% |
| Feb 11, 2026 | Dec 31, 2025 | 0.0861 | 0.14 | +0.05 | +62.60% |
| Oct 29, 2025 | Sep 30, 2025 | 0.30 | 0.03 | -0.27 | -90.00% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 10, 2026 | UBS | main | Buy | Buy |
| Oct 19, 2026 | Wells Fargo | main | Overweight | Overweight |
| Oct 14, 2026 | UBS | main | Buy | Buy |
| Oct 14, 2026 | Barclays | main | Overweight | Overweight |
| Sep 15, 2026 | UBS | main | Buy | Buy |
| Sep 10, 2026 | Citizens | reit | Market Outperform | Market Outperform |
About Independence Realty Trust, Inc.
Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT's main investment objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. Independence Realty Trust, Inc. was established in 2009 and is incorporated in Maryland.
- Sector
- Real Estate
- Industry
- REIT - Residential
- Country
- United States
- Website
- irtliving.com
News
Independence Realty Trust Stockholders And Centerspace Shareholders Approve All Proposals Necessary For Merger 
Independence Realty Trust Stockholders and Centerspace Shareholders Approve Merger 
UBS Maintains Buy on Independence Realty Trust, Raises Price Target to $18 
403,067 Shares of Independence Realty Trust, Inc. $IRT Bought by Calamos Advisors LLC 
Independence Realty Trust Affirms FY2026 FFO Guidance of $1.13-$1.15 vs $1.15 Est 
Independence Realty Trust Q3 FFO $0.29, Inline, Sales $171.967M Beat $171.203M Estimate - Wells Fargo Maintains Overweight on Independence Realty Trust, Lowers Price Target to $18
UBS Maintains Buy on Independence Realty Trust, Lowers Price Target to $17 - Barclays Maintains Overweight on Independence Realty Trust, Lowers Price Target to $19
Independence Realty Trust Q2 2026 Earnings Call Transcript
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BOWIE STEPHEN R | Director | Stock Award(Grant) | May 13, 2025 | 46,039 |
| BRINES NED W. | Director | Stock Award(Grant) | May 12, 2026 | 65,459 |
| DEL RIO ANA MARIE | Director | Stock Award(Grant) | May 12, 2026 | 76,792 |
| DELOZIER JASON R | Officer | Stock Award(Grant) | Feb 2, 2026 | 57,374 |
| GEBERT RICHARD D. | Director | Sale | Nov 1, 2026 | 40,569 |
| MCCLURE MELINDA H. | Director | Stock Award(Grant) | May 12, 2026 | 50,569 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 15.29% | 36,067,985 | 539.22M | Jun 29, 2026 |
| Vanguard Portfolio Management LLC | 9.24% | 21,795,546 | 325.84M | Jun 29, 2026 |
| State Street Corporation | 5.50% | 12,982,771 | 194.09M | Jun 29, 2026 |
| Vanguard Capital Management LLC | 4.50% | 10,613,114 | 158.67M | Jun 29, 2026 |
| Alliancebernstein L.P. | 3.36% | 7,935,090 | 118.63M | Jun 29, 2026 |
| Prudential Financial, Inc. | 3.34% | 7,872,378 | 117.69M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| VANGUARD SPECIALIZED FUNDS-Vanguard Real Estate Index Fund | 3.80% | 8,962,757 | 133.99M | Jul 30, 2026 |
| iShares Trust-iShares Core S&P Mid-Cap ETF | 3.55% | 8,373,501 | 125.18M | Sep 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.18% | 7,496,955 | 112.08M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 ETF | 2.69% | 6,346,997 | 94.89M | Sep 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund | 2.29% | 5,409,912 | 80.88M | Jun 29, 2026 |
| Franklin Value Investors Trust-FRANKLIN SMALL CAP VALUE FUND | 1.62% | 3,830,195 | 57.26M | Jul 30, 2026 |