Independence Realty Trust, Inc. (IRT) To Go Ex-Dividend on June 26th

Independence Realty Trust, Inc. (NYSE:IRT) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Friday, June 26th will be given a dividend of 0.18 per share by the real estate investment trust on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, June 26th. This is a 5.9% increase from Independence Realty Trust’s previous quarterly dividend of $0.17.

Independence Realty Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Independence Realty Trust has a payout ratio of 248.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Independence Realty Trust to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 60.0%.

Independence Realty Trust Stock Performance

Shares of IRT opened at $16.28 on Wednesday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 81.40, a P/E/G ratio of 1.79 and a beta of 0.96. The company’s fifty day moving average is $16.28 and its two-hundred day moving average is $16.41. Independence Realty Trust has a 1 year low of $14.60 and a 1 year high of $18.18.

Independence Realty Trust (NYSE:IRT) last announced 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 company had revenue of $165.32 million during the quarter, compared to the consensus estimate of $166.35 million. Independence Realty Trust had a net margin of 7.27% and a return on equity of 1.35%. Independence Realty Trust’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Independence Realty Trust has set its FY 2026 guidance at 1.120-1.160 EPS. Sell-side analysts predict that Independence Realty Trust will post 1.14 EPS for the current year.

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.