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

Independence Realty Trust (NYSE:IRT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.120-1.160 for the period, compared to the consensus earnings per share estimate of 0.620. The company issued revenue guidance of -.

Independence Realty Trust Trading Down 3.5%

Shares of IRT traded down $0.60 during mid-day trading on Thursday, reaching $16.23. The company’s stock had a trading volume of 772,743 shares, compared to its average volume of 2,558,209. The company’s fifty day moving average price is $17.00 and its two-hundred day moving average price is $16.90. Independence Realty Trust has a 52 week low of $15.06 and a 52 week high of $21.86. The stock has a market cap of $3.88 billion, a PE ratio of 162.17, a P/E/G ratio of 2.08 and a beta of 1.00.

Independence Realty Trust (NYSE:IRT) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Independence Realty Trust had a return on equity of 0.62% and a net margin of 3.42%.The business had revenue of $167.13 million for the quarter, compared to analysts’ expectations of $170.26 million. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts anticipate that Independence Realty Trust will post 1.19 EPS for the current year.

Independence Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, December 31st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, December 31st. Independence Realty Trust’s payout ratio is presently 680.00%.

Analysts Set New Price Targets

A number of equities analysts have commented on IRT shares. Wall Street Zen downgraded shares of Independence Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Colliers Securities downgraded shares of Independence Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Independence Realty Trust in a report on Monday, December 29th. Zacks Research downgraded shares of Independence Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, BMO Capital Markets upgraded Independence Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $20.00 to $22.00 in a research note on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Independence Realty Trust has an average rating of “Moderate Buy” and an average price target of $21.35.

Institutional Investors Weigh In On Independence Realty Trust

Large investors have recently modified their holdings of the company. Danske Bank A S purchased a new position in Independence Realty Trust during the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 last quarter. Advisory Services Network LLC acquired a new stake in shares of Independence Realty Trust in the third quarter valued at approximately $64,000. Sunbelt Securities Inc. lifted its position in shares of Independence Realty Trust by 37.5% in the third quarter. Sunbelt Securities Inc. now owns 4,270 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Independence Realty Trust by 217.2% during the 4th quarter. Parallel Advisors LLC now owns 4,698 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 3,217 shares in the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors.

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.