1 day Ago By ABMN Staff
Independence Realty Trust, Inc. ( NYSE:IRT – Get Free Report ) announced a quarterly dividend on Tuesday, September 17th, NASDAQ reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.
16 per share by the real estate investment trust on Friday, October 18th. This represents a $0.64 dividend on an annualized basis and a yield of 3.
07%. The ex-dividend date of this dividend is Monday, September 30th. Independence Realty Trust has increased its dividend payment by an average of 4.
7% annually over the last three years. Independence Realty Trust has a dividend payout ratio of 206.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Equities research analysts expect Independence Realty Trust to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 52.
5%. Independence Realty Trust Trading Down 0.1 % Shares of NYSE:IRT traded down $0.
02 on Wednesday, reaching $20.85. 1,507,200 shares of the company were exchanged, compared to its average volume of 2,294,355.
Independence Realty Trust has a 1-year low of $11.61 and a 1-year high of $21.18.
The company has a 50-day moving average of $19.64 and a 200-day moving average of $17.73.
The firm has a market cap of $4.69 billion, a price-to-earnings ratio of -696.17, a price-to-earnings-growth ratio of 3.
00 and a beta of 1.17. Analyst Ratings Changes Read Our Latest Report on IRT Independence Realty Trust Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Independence Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independence Realty Trust and related companies with MarketBeat.
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