Independence Realty Trust(IRT) is having a Dividend Yield of 7.68% with the Annual cash Dividend per share of $0.72. The last quarter cash dividend per share pay out was $0.18. Independence Realty Trust has a 5 year average dividend yield of 8.42% and the stock has a Indicated annual dividend of $0.72. Independence Realty Trust(IRT) formally announced its most recent dividend on January 13, 2017 with a Dividend per share of $0.06. The new indicated annual dividend based on announced dividend per share is $0.72. The dividend yield based on the forward looking indicated annual dividend is 7.68%. Independence Realty Trust(IRT) has the most recent dividend payout ratio of 0.84 with a 5-year average payout ratio of 0.93. The 5 year historical dividend growth of Independence Realty Trust(IRT) is at the rate of 2.52% while the R-Squared dividend growth is 0.37. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Independence Realty Trust, Inc. (NYSEMKT:IRT) witnessed a decline in the market cap on Thursday as its shares dropped 0.21% or 0.02 points. After the session commenced at $9.42, the stock reached the higher end at $9.44 while it hit a low of $9.2. With the volume soaring to 888,734 shares, the last trade was called at $9.35. The company has a 52-week high of $10.7. The company has a market cap of $645 million and there are 68,996,070 shares in outstanding. The 52-week low of the share price is $5.97. Shares of Independence Realty Trust, Inc. rose by 1.3% in the last five trading days and 4.47% for the last 4 weeks. Independence Realty Trust, Inc. is up 6.37% in the last 3-month period. Year-to-Date the stock performance stands at 4.82%.
Currently the company Insiders own 0.67% of Independence Realty Trust, Inc. shares according to the proxy statements. Institutional Investors own 71.9% of Independence Realty Trust, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 7.15%. Company has reported several Insider transactions to the SEC, on Nov 7, 2016, Scott Schaeffer (CEO) purchased 10,000 shares at 8.42 per share price.On Nov 7, 2016, James J Sebra (CFO) purchased 2,500 shares at 7.90 per share price.On Nov 7, 2016, Farrell M. Ender (President) purchased 2,000 shares at 7.91 per share price.
Independence Realty Trust Inc Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.16. The company had revenue of $38.00 million for the quarter, compared to analysts expectations of $38.72 million. The companys revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Independence Realty Trust, Inc. is a real estate investment trust. It is focused on acquiring and owning well-located garden-style and mid-rise apartment properties. The Company owns apartment properties primarily in Arizona, Colorado, Georgia, Indiana, Texas and Virginia. Independence Realty Trust, Inc. is based in United States.