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

Independence Realty Trust (NYSE:IRT) updated its FY 2026 earnings guidance on Monday morning. The company provided earnings per share (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 -.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IRT shares. UBS Group lowered their price objective on shares of Independence Realty Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Wells Fargo & Company boosted their target price on shares of Independence Realty Trust from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Barclays upgraded shares of Independence Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $20.00 in a report on Tuesday, July 14th. Wall Street Zen cut Independence Realty Trust from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings raised Independence Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 6th. One investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.64.

Independence Realty Trust Price Performance

Independence Realty Trust stock opened at $16.76 on Tuesday. The business has a 50 day moving average of $16.61 and a 200-day moving average of $16.33. Independence Realty Trust has a 1 year low of $14.60 and a 1 year high of $18.18. The company has a market capitalization of $3.95 billion, a P/E ratio of 83.80 and a beta of 0.94.

Independence Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, June 26th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Independence Realty Trust’s previous quarterly dividend of $0.17. Independence Realty Trust’s payout ratio is presently 360.00%.

Hedge Funds Weigh In On Independence Realty Trust

Several large investors have recently modified their holdings of the business. Danske Bank A S bought a new stake in shares of Independence Realty Trust in the third quarter worth $26,000. Smartleaf Asset Management LLC raised its position in Independence Realty Trust by 97.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,875 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,422 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Independence Realty Trust by 1,420.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,329 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 3,110 shares during the period. Advisory Services Network LLC acquired a new position in Independence Realty Trust during the 3rd quarter worth about $64,000. Finally, Sunbelt Securities Inc. grew its position in shares of Independence Realty Trust by 37.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,270 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,165 shares during the last quarter. Institutional investors 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.