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NEW: Price Reaction to Earnings Reports

View detailed tables showing price action before and after earnings announcements, ranging from intraday to one week out. Track how the market has reacted to past earnings to identify patterns and predict future behavior. Click here to open.

IRT

Independence Realty Trust Inc

Dec 13 • 04:00PM ET

21.40

Dollar change -0.05
Percentage change -0.23	%

Real Estate • REIT - Residential • USA • NYSE

Peers: AVB EQR CPT ESS MAA UDR AIV NXRT MNR RENT

| Held by: VNQ IJH VTI IWM VB VXF VBK IWN MDY SCHH

Scroll to Statements

Index	RUT	P/E	-	EPS (ttm)	-0.00	Insider Own	0.74%	Shs Outstand	225.09M	Perf Week	0.80%
Market Cap	4.93B	Forward P/E	79.83	EPS next Y	0.27	Insider Trans	0.00%	Shs Float	223.44M	Perf Month	2.34%
Income	-0.22M	PEG	-	EPS next Q	0.08	Inst Own	100.57%	Short Float	12.68%	Perf Quarter	1.47%
Sales	646.12M	P/S	7.63	EPS this Y	429.43%	Inst Trans	6.21%	Short Ratio	14.49	Perf Half Y	19.35%
Book/sh	14.91	P/B	1.44	EPS next Y	1.72%	ROA	-0.00%	Short Interest	28.34M	Perf Year	43.76%
Cash/sh	0.21	P/C	102.25	EPS next 5Y	-	ROE	-0.01%	52W Range	14.07 - 22.26	Perf YTD	39.87%
Dividend Est.	0.64 (2.99%)	P/FCF	38.33	EPS past 5Y	-	ROI	-0.00%	52W High	-3.86%	Beta	1.18
Dividend TTM	0.64 (2.99%)	Quick Ratio	-	Sales past 5Y	36.76%	Gross Margin	24.19%	52W Low	52.04%	ATR (14)	0.37
Dividend Ex-Date	Sep 30, 2024	Current Ratio	-	EPS Y/Y TTM	-100.47%	Oper. Margin	20.41%	RSI (14)	55.91	Volatility	1.48% 1.54%
Employees	952	Debt/Eq	0.68	Sales Y/Y TTM	-1.62%	Profit Margin	-0.03%	Recom	1.64	Target Price	21.41
Option/Short	Yes / Yes	LT Debt/Eq	0.68	EPS Q/Q	212.57%	Payout	-	Rel Volume	0.72	Prev Close	21.45
Sales Surprise	0.14%	EPS Surprise	-43.57%	Sales Q/Q	-5.02%	Earnings	Oct 30 AMC	Avg Volume	1.96M	Price	21.40
SMA20	-0.12%	SMA50	4.58%	SMA200	15.27%	Trades		Volume	1,399,568	Change	-0.23%

Date	Action	Analyst	Rating Change	Price Target Change
Nov-15-24	Upgrade	BMO Capital Markets	Underperform → Market Perform	$19 → $21
Jan-30-24	Initiated	Deutsche Bank	Buy	$18
Dec-15-23	Downgrade	BMO Capital Markets	Market Perform → Underperform	$14 → $15
Jul-18-23	Downgrade	BMO Capital Markets	Outperform → Market Perform	$19
May-08-23	Upgrade	JMP Securities	Mkt Perform → Mkt Outperform	$20
Jan-30-23	Initiated	JMP Securities	Mkt Perform
Jan-04-23	Downgrade	Deutsche Bank	Buy → Hold	$22 → $19
Jan-03-23	Downgrade	Jefferies	Buy → Hold	$20 → $17
Oct-19-22	Resumed	Jefferies	Buy	$26 → $20
May-09-22	Resumed	BTIG Research	Buy	$27
Apr-22-22	Initiated	Jefferies	Buy	$32
Jan-18-22	Initiated	Barclays	Overweight	$30
Jan-10-22	Upgrade	Compass Point	Neutral → Buy	$27.75
Jan-10-22	Initiated	RBC Capital Mkts	Outperform	$28
Dec-17-21	Resumed	BMO Capital Markets	Outperform	$28
Apr-26-21	Initiated	BMO Capital Markets	Outperform	$20
Apr-21-21	Downgrade	BTIG Research	Buy → Neutral
Jan-11-21	Initiated	BTIG Research	Buy	$15
Dec-15-20	Upgrade	Deutsche Bank	Hold → Buy	$15
Sep-15-20	Resumed	Robert W. Baird	Outperform	$13

Show Previous Ratings

Nov-18-24 04:05PM	Independence Realty Trust Scheduled to Participate in Nareit's REITworld Annual Conference (Business Wire)
Nov-01-24 03:10AM	Independence Realty Trust Inc (IRT) Q3 2024 Earnings Call Highlights: Strong Occupancy and ... (GuruFocus.com)
02:19AM	Q3 2024 Independence Realty Trust Inc Earnings Call (Thomson Reuters StreetEvents)
Oct-30-24 06:30PM	Independence Realty Trust (IRT) Matches Q3 FFO Estimates (Zacks)
05:28PM	Independence Realty Trust: Q3 Earnings Snapshot (Associated Press Finance)
04:05PM	Loading…
04:05PM	Independence Realty Trust Announces Third Quarter 2024 Financial Results and 'BBB' Investment Grade Rating from S&P (Business Wire)
09:07AM	Independence Realty Trust Inc (IRT) Q3 2024 Earnings Report Preview: What To Look For (GuruFocus.com)
Oct-29-24 09:07AM	Independence Realty Trust Inc (IRT) Q3 2024 Earnings Report Preview: What to Expect (GuruFocus.com)
Oct-25-24 08:00AM	Here's How You Can Earn $100 In Passive Income By Investing In Independence Realty Stock (Benzinga)
Oct-14-24 08:00AM	Independence Realty Trust Reports Minimal Impact on Communities from Hurricane Milton (Business Wire)
Oct-09-24 09:35AM	After Plunging -5.47% in 4 Weeks, Here's Why the Trend Might Reverse for Independence Realty Trust (IRT) (Zacks)
Oct-04-24 08:00AM	Independence Realty Trust Announces Third Quarter 2024 Earnings Release and Conference Call Dates (Business Wire)
Sep-30-24 09:03AM	Independence Realty Trust Reports Minimal Damage to Communities from Hurricane Helene (Business Wire)
Sep-17-24 05:30PM	Independence Realty Trust Announces Third Quarter 2024 Dividend (Business Wire)
Sep-13-24 12:00PM	All You Need to Know About Independence Realty Trust (IRT) Rating Upgrade to Buy (Zacks)
04:05PM	Loading…
Sep-05-24 04:05PM	Independence Realty Trust Announces Closing of Public Offering of 11,500,000 shares of Common Stock, Including Exercise in Full of Underwriters Option to Purchase Additional Shares (Business Wire)
Sep-03-24 08:50PM	Independence Realty Trust Announces Pricing of Public Offering of 10,000,000 Shares of Common Stock (Business Wire)
04:06PM	Independence Realty Trust Announces Public Offering of 10,000,000 Shares of Common Stock (Business Wire)
04:05PM	Independence Realty Trust Promotes Jim Sebra to President (Business Wire)
Aug-20-24 08:00AM	Independence Realty Trust Announces Private Placement of $150 Million of Unsecured Notes (Business Wire)
Aug-05-24 07:00AM	3 Apartment REITs to Buy for Yield and Dividend Growth in August (Benzinga)
Aug-02-24 03:49AM	Q2 2024 Independence Realty Trust Inc Earnings Call (Thomson Reuters StreetEvents)
Jul-31-24 06:15PM	Independence Realty Trust (IRT) Q2 FFO Meet Estimates (Zacks)
05:18PM	Independence Realty Trust: Q2 Earnings Snapshot (Associated Press Finance)
04:05PM	Independence Realty Trust Announces Second Quarter 2024 Financial Results and Increases Midpoint of Full Year 2024 Same Store NOI, EPS, and Core FFO Guidance Ranges (Business Wire)
Jul-05-24 08:00AM	Independence Realty Trust Announces Second Quarter 2024 Earnings Release and Conference Call Dates (Business Wire)
Jul-03-24 02:13PM	The 5 Best Performing REITs In June (Benzinga)
Jun-10-24 04:40PM	Independence Realty Trust Announces Second Quarter 2024 Dividend (Business Wire)
Jun-05-24 12:26PM	2 Residential REITs With Yields Up To 4.8% To Buy And Hold For The Long Term (Benzinga)
Jun-03-24 08:00AM	Independence Realty Trust to Participate in Nareits REITweek 2024 Investor Conference (Business Wire)
12:20PM	Loading…
Apr-30-24 12:20PM	Independence Realty Trust, Inc. (NYSE:IRT) Q1 2024 Earnings Call Transcript (Insider Monkey)
Apr-26-24 03:13AM	Independence Realty Trust Inc (IRT) (Q1 2024) Earnings Call Transcript Highlights: Strong ... (GuruFocus.com)
Apr-25-24 11:17PM	Q1 2024 Independence Realty Trust Inc Earnings Call (Thomson Reuters StreetEvents)
05:40AM	Independence Realty Trust Q1 Core FFO Flat, Revenue Down; 2024 Outlook Maintained -- Shares Rise Pre-Bell (MT Newswires)
Apr-24-24 04:48PM	Independence Realty Trust: Q1 Earnings Snapshot (Associated Press Finance)
04:05PM	Independence Realty Trust Announces First Quarter 2024 Financial Results (Business Wire)
Apr-11-24 11:45AM	These REITs Yield 4% or More and Have Been Growing Their Dividends (Benzinga)
Apr-08-24 05:00PM	Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates (Business Wire) +5.99%
Apr-02-24 08:00AM	Independence Realty Trust Completes Sale of Three Additional Properties as Part of Portfolio Optimization and Deleveraging Strategy (Business Wire)
Apr-01-24 04:05PM	Independence Realty Trust Announces 2023 Sustainability Report (Business Wire)
Mar-13-24 12:57PM	Dont Worry Over Apartment REITs. Some Can Still Raise the Rent. (Barrons.com)
Mar-11-24 04:30PM	Independence Realty Trust Announces First Quarter 2024 Dividend (Business Wire)
Mar-04-24 07:30AM	Independence Realty Trust Receives Investment Grade Credit Rating from Fitch (Business Wire)
Mar-01-24 08:00AM	Independence Realty Trust to Present at Citis 2024 Global Property CEO Conference (Business Wire) +5.33%
07:55AM	Independence Realty Trust Appoints Craig Macnab to its Board of Directors (Business Wire)
Feb-16-24 08:43AM	Independence Realty Trust, Inc. (NYSE:IRT) Q4 2023 Earnings Call Transcript (Insider Monkey)
02:34AM	Q4 2023 Independence Realty Trust Inc Earnings Call (Thomson Reuters StreetEvents)
Feb-14-24 05:55PM	Independence Realty Trust (IRT) Q4 FFO Meet Estimates (Zacks) +6.74%
05:02PM	Independence Realty Trust: Q4 Earnings Snapshot (Associated Press Finance)
04:56PM	Independence Realty Trust Inc (IRT) Reports Mixed 2023 Results and Introduces 2024 Guidance (GuruFocus.com)
04:05PM	Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial Results (Business Wire)
Jan-31-24 11:38AM	Millennials and REITs: A Smart Investment Move in the Face of Housing Unaffordability (Benzinga)
Jan-25-24 04:30PM	Independence Realty Trust Announces Tax Treatment of Dividends in 2023 (Business Wire)
Jan-18-24 04:05PM	Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Dates (Business Wire) +5.21%
Jan-04-24 07:43AM	Independence Realty (IRT) Advances on Strategy With Asset Sales (Zacks)
Jan-03-24 08:00AM	Independence Realty Trust Completes Sale of Four Properties, Advancing Portfolio Optimization and Deleveraging Strategy (Business Wire)
Dec-11-23 05:15PM	Independence Realty Trust Announces Fourth Quarter 2023 Dividend (Business Wire)
Dec-03-23 01:20PM	Investor Favorites: 7 Dividend Stocks with Strong Buy Ratings (InvestorPlace)
Nov-13-23 09:00AM	Independence Realty Trust Scheduled to Participate in Nareits REITworld Annual Conference (Business Wire)
Nov-01-23 11:27AM	Independence Realty Trust, Inc. (NYSE:IRT) Q3 2023 Earnings Call Transcript (Insider Monkey)
Oct-31-23 11:39PM	Q3 2023 Independence Realty Trust Inc Earnings Call (Thomson Reuters StreetEvents)
Oct-30-23 06:30PM	Independence Realty Trust (IRT) Tops Q3 FFO and Revenue Estimates (Zacks)
05:15PM	Independence Realty Trust: Q3 Earnings Snapshot (Associated Press Finance)
04:05PM	Independence Realty Trust Announces Third Quarter 2023 Financial Results (Business Wire)
Oct-26-23 06:05PM	Essex Property Trust (ESS) Surpasses Q3 FFO Estimates (Zacks)
Oct-25-23 06:30PM	Veris Residential (VRE) Meets Q3 FFO Estimates (Zacks)
Oct-06-23 09:00AM	Independence Realty Trust Announces Third Quarter 2023 Earnings Release and Conference Call Dates (Business Wire)
Sep-29-23 11:40AM	OPI or IRT: Which Is the Better Value Stock Right Now? (Zacks)
Sep-13-23 11:40AM	OPI or IRT: Which Is the Better Value Stock Right Now? (Zacks)
Sep-12-23 04:25PM	Independence Realty Trust Announces Third Quarter 2023 Dividend (Business Wire)
Sep-11-23 04:10PM	Independence Realty Trust Scheduled to Host Investor Meetings at Bank of America Securities 2023 Global Real Estate Conference on September 12 (Business Wire)
Jul-28-23 02:08AM	Q2 2023 Independence Realty Trust Inc Earnings Call (Thomson Reuters StreetEvents)
Jul-26-23 05:25PM	Independence Realty Trust (IRT) Q2 FFO Match Estimates (Zacks)
04:17PM	Independence Realty Trust: Q2 Earnings Snapshot (Associated Press Finance)
04:05PM	Independence Realty Trust Announces Second Quarter 2023 Financial Results (Business Wire)
Jul-07-23 04:15PM	Independence Realty Trust Announces Second Quarter 2023 Earnings Release and Conference Call Dates (Business Wire)
Jun-21-23 08:00PM	IRT: What does Argus have to say about IRT? (Argus Research)
Jun-08-23 09:02AM	Zacks Industry Outlook Highlights Independence Realty Elme Communities and BRT Apartments (Zacks)
Jun-07-23 11:55AM	3 Residential REITs Set to Gain From Upbeat Industry Fundamentals (Zacks)
09:10AM	3 Top Dividend Stocks to Maximize Your Retirement Income (Zacks)
Jun-05-23 11:26AM	AvalonBay (AVB) Sees 6.5% Rental Revenue Growth Through May (Zacks)
09:00AM	Independence Realty Trust to Participate in Nareits REITweek 2023 Investor Conference (Business Wire)
May-31-23 11:30AM	Equity Residential (EQR) Boosts 2023 View on Strong Demand (Zacks)
May-01-23 05:15AM	Renters Are Heading for Cheaper Metros. What's the Takeaway for REIT Investors? (Motley Fool)
Apr-28-23 01:03AM	Q1 2023 Independence Realty Trust Inc Earnings Call (Thomson Reuters StreetEvents)
Apr-26-23 08:00PM	IRT: What does Argus have to say about IRT? (Argus Research)
05:45PM	Independence Realty Trust (IRT) Lags Q1 FFO and Revenue Estimates (Zacks)
04:43PM	Independence Realty Trust: Q1 Earnings Snapshot (AP Finance)
04:05PM	Independence Realty Trust Announces First Quarter 2023 Financial Results (Business Wire)
Apr-25-23 01:29PM	What's in Store for Essex Property (ESS) in Q1 Earnings? (Zacks)
Apr-21-23 11:52AM	Can UDR Capitalize on the Rebound in the U.S. Apartment Market? (Zacks)
Apr-20-23 12:09PM	What Awaits Mid-America Apartment (MAA) This Earnings Season? (Zacks)
11:43AM	Is a Beat in Store for Equity Residential (EQR) in Q1 Earnings? (Zacks)
Apr-05-23 08:00AM	Independence Realty Trust Announces First Quarter 2023 Earnings Release and Conference Call Dates (Business Wire)
Mar-14-23 09:20AM	Independence Realty Trust Announces Leadership Update and First Quarter 2023 Dividend (Business Wire)
Mar-11-23 08:59AM	Are Independence Realty Trust, Inc.'s (NYSE:IRT) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness? (Simply Wall St.)
Mar-03-23 05:15PM	Independence Realty Trust to Present at Citis 2023 Global Property CEO Conference (Business Wire)
Feb-18-23 07:30AM	Independence Realty Trust Full Year 2022 Earnings: EPS Beats Expectations (Simply Wall St.)
Feb-15-23 06:55PM	Independence Realty Trust (IRT) Meets Q4 FFO Estimates (Zacks)
04:05PM	Independence Realty Trust Announces Fourth Quarter and Full Year 2022 Financial Results (Business Wire)

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.

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IRT

Independence Realty Trust Inc

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