Independence Realty Trust (NYSE:IRT – Get Free Report) issued an update on its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 1.130-1.150 for the period, compared to the consensus earnings per share estimate of 1.140. The company issued revenue guidance of -.
Independence Realty Trust Stock Performance
IRT traded up $0.13 during trading hours on Monday, reaching $16.76. The company’s stock had a trading volume of 3,061,059 shares, compared to its average volume of 2,748,587. Independence Realty Trust has a 52 week low of $14.60 and a 52 week high of $18.18. The company’s 50-day moving average is $16.61 and its 200-day moving average is $16.33. The firm has a market cap of $3.95 billion, a PE ratio of 83.80 and a beta of 0.94.
Independence Realty Trust (NYSE:IRT – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Independence Realty Trust had a return on equity of 1.35% and a net margin of 7.27%.The company had revenue of $167.24 million for the quarter, compared to the consensus estimate of $166.93 million. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. Equities analysts anticipate that Independence Realty Trust will post 1.14 earnings per share for the current fiscal year.
Independence Realty Trust Increases Dividend
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of Independence Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 6th. Wells Fargo & Company boosted their price objective on Independence Realty Trust from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Wall Street Zen downgraded Independence Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Barclays upgraded Independence Realty Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $20.00 in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group raised Independence Realty Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.64.
Check Out Our Latest Stock Analysis on Independence Realty Trust
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in IRT. State Street Corp raised its position in shares of Independence Realty Trust by 0.6% in the fourth quarter. State Street Corp now owns 13,074,813 shares of the real estate investment trust’s stock valued at $230,705,000 after buying an additional 76,635 shares in the last quarter. Alliancebernstein L.P. increased its stake in Independence Realty Trust by 0.3% during the 2nd quarter. Alliancebernstein L.P. now owns 9,139,506 shares of the real estate investment trust’s stock worth $161,678,000 after acquiring an additional 30,701 shares during the period. Morgan Stanley raised its holdings in Independence Realty Trust by 209.5% in the 4th quarter. Morgan Stanley now owns 5,649,829 shares of the real estate investment trust’s stock valued at $98,759,000 after acquiring an additional 3,824,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Independence Realty Trust by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,063,759 shares of the real estate investment trust’s stock valued at $71,035,000 after acquiring an additional 236,912 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Independence Realty Trust by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 3,874,647 shares of the real estate investment trust’s stock valued at $67,729,000 after acquiring an additional 47,144 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.
About Independence Realty Trust
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.
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