BTIG Research resumed coverage on Independence Realty Trust with a new price target
$IRT
Real Estate Investment Trusts
Real Estate
BTIG Research resumed coverage of Independence Realty Trust with a rating of Buy and set a new price target of $27.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | $19.00 → $21.00 | Underperform → Market Perform | BMO Capital Markets |
| 1/30/2024 | $18.00 | Buy | Deutsche Bank |
| 12/15/2023 | $14.00 → $15.00 | Market Perform → Underperform | BMO Capital Markets |
| 7/18/2023 | $19.00 | Outperform → Market Perform | BMO Capital Markets |
| 5/8/2023 | $20.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 1/30/2023 | Mkt Perform | JMP Securities | |
| 1/4/2023 | $22.00 → $19.00 | Buy → Hold | Deutsche Bank |
| 1/3/2023 | $20.00 → $17.00 | Buy → Hold | Jefferies |
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and President, Jason Delozier, Chief Accounting Officer and Janice Richards, SVP of Operations are scheduled to host meetings with investors and analysts at Nareit's REITworld 2024 Annual Conference in Las Vegas on November 19 and 20. The company has posted its November Investor Presentation on its website at www.irtliving.com in the Investor Relations section under Presentations. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifami
Independence Realty Trust, Inc. ("IRT") (NYSE:IRT), a multifamily apartment REIT, today announced its third quarter 2024 financial results and that it has received a ‘BBB' issuer credit rating and stable outlook from S&P Global Ratings. Third Quarter Highlights Net income available to common shares of $12.4 million for the quarter ended September 30, 2024 compared to $3.9 million for the quarter ended September 30, 2023. Earnings per diluted share of $0.05 for the quarter ended September 30, 2024 compared to $0.02 for the quarter ended September 30, 2023. Same-store portfolio net operating income ("NOI") growth of 2.2% for the quarter ended September 30, 2024 compared to the quarter
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced today that its communities in Tampa and Orlando, Florida were minimally impacted by Hurricane Milton. "We extend our heartfelt thoughts to everyone affected by Hurricane Milton," said Scott Schaeffer, Chairman and CEO of IRT. "We are especially thankful to our on-site teams for their dedication in preparing our communities for this storm and responding quickly to ensure our residents remained safe." About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Den
Waives Option to Classify Board Under Maryland Law Independence Realty Trust, Inc. (NYSE:IRT) ("IRT" or the "Company") today announced the appointment of Craig Macnab to its Board of Directors (the "Board"), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE:NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's Board to 10 members, including 8 independent directors. In connection with this announcement, the Company has entered into a cooperation agreement with Argosy-Lionbridge Management,
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2020 financial results. Fourth Quarter Highlights Net income available to common shares of $13.3 million for the quarter ended December 31, 2020 compared to $23.8 million for the quarter ended December 31, 2019. Earnings per diluted share of $0.14 for the quarter ended December 31, 2020 compared to $0.26 for the quarter ended December 31, 2019. The quarter ended December 31, 2020 included $9.4 million of gains on sale of real estate assets, net, whereas the quarter ended December 31, 2019 included $20.7 million of gains
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the appointment of Lisa Washington as an independent director to IRT’s Board of Directors, effective January 5, 2021. The appointment increases the size of the Board from six to seven directors. “Lisa brings to IRT her expertise as an accomplished legal executive and corporate officer,” said Scott Schaeffer, IRT’s Chairman and CEO. “Lisa has more than 25 years of experience in corporate governance and public company compliance. She will add a valuable perspective to our company and be an important contributor as IRT continues to grow and deliver value for our stakeholders.” “The appo
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that it expects to release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024, and will hold its quarterly results conference call on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A replay of the conference call will be available shortly following the live call on the investor relations section of IRT's website and telephonically until Thursday, November 7, 2024 at 11:59 p.m. Eastern Time by dialing 1.800.
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on October 18, 2024 to stockholders of record at the close of business on September 30, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employm
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that it expects to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024, and will hold its quarterly results conference call on Thursday, August 1, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A replay of the conference call will be available shortly following the live call on the investor relations section of IRT's website and telephonically until Thursday, August 8, 2024 at 11:59 p.m. Eastern Time by dialing 1.800.770.2
BMO Capital Markets upgraded Independence Realty Trust from Underperform to Market Perform and set a new price target of $21.00 from $19.00 previously
Deutsche Bank initiated coverage of Independence Realty Trust with a rating of Buy and set a new price target of $18.00
BMO Capital Markets downgraded Independence Realty Trust from Market Perform to Underperform and set a new price target of $15.00 from $14.00 previously
8-K - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Filer)
10-Q - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Filer)
8-K - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Filer)
4 - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Issuer)
4 - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Issuer)
4 - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Issuer)
SC 13G - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Subject)
SC 13G - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Subject)
SC 13G/A - INDEPENDENCE REALTY TRUST, INC. (0001466085) (Subject)
Independence Realty Trust (NYSE:IRT) reported quarterly earnings of $0.27 per share which met the analyst consensus estimate. The company reported quarterly sales of $160.331 million which missed the analyst consensus estimate of $161.029 million by 0.43 percent. This is a 0.50 percent decrease over sales of $161.135 million the same period last year.
Baird analyst Wesley Golladay maintains Independence Realty Trust (NYSE:IRT) with a Outperform and raises the price target from $16 to $17.