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

Independence Realty Trust (NYSE:IRT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.120-1.160 for the period, compared to the consensus estimate of 1.140. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IRT shares. BMO Capital Markets raised shares of Independence Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $20.00 to $22.00 in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lowered shares of Independence Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research note on Tuesday, January 20th. Citigroup reissued an “outperform” rating on shares of Independence Realty Trust in a report on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of Independence Realty Trust in a report on Friday, March 27th. Finally, UBS Group upped their target price on Independence Realty Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Independence Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Independence Realty Trust Stock Up 0.1%

Shares of IRT traded up $0.02 during mid-day trading on Thursday, hitting $16.31. 3,540,097 shares of the company’s stock were exchanged, compared to its average volume of 2,725,273. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 67.94, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00. The stock’s 50-day simple moving average is $15.81 and its 200-day simple moving average is $16.41. Independence Realty Trust has a 52 week low of $14.60 and a 52 week high of $19.83.

Independence Realty Trust (NYSE:IRT) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.23. The firm had revenue of $165.32 million for the quarter, compared to analyst estimates of $167.24 million. Independence Realty Trust had a return on equity of 1.58% and a net margin of 8.60%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. Analysts forecast that Independence Realty Trust will post 1.14 earnings per share for the current fiscal year.

Independence Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Friday, March 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.68 annualized dividend and a yield of 4.2%. Independence Realty Trust’s dividend payout ratio is currently 283.33%.

Hedge Funds Weigh In On Independence Realty Trust

Hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Independence Realty Trust by 209.5% during the 4th quarter. Morgan Stanley now owns 5,649,829 shares of the real estate investment trust’s stock worth $98,759,000 after acquiring an additional 3,824,512 shares during the period. Franklin Resources Inc. raised its position in Independence Realty Trust by 1,435.4% during the third quarter. Franklin Resources Inc. now owns 3,827,503 shares of the real estate investment trust’s stock valued at $62,733,000 after purchasing an additional 3,578,221 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Independence Realty Trust during the second quarter worth $30,368,000. Millennium Management LLC lifted its stake in Independence Realty Trust by 7,297.4% during the fourth quarter. Millennium Management LLC now owns 1,601,973 shares of the real estate investment trust’s stock worth $28,002,000 after purchasing an additional 1,580,317 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Independence Realty Trust in the 3rd quarter valued at $21,965,000. 88.25% of the stock is owned by institutional investors.

Independence Realty Trust Company Profile

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.