Independence Realty Trust: The Dividend Is Not Going To Grow And May Even Be Cut Soon [Seeking Alpha]
Independence Realty Trust, Inc. (IRT)
NASDAQ:AMEX Investor Relations:
irtliving.com/page.aspx/contentid/7/investor-relations
Company Research
Source: Seeking Alpha
Independence Realty Trust: The Dividend Is Not Going To Grow And May Even Be Cut Soon Summary IRT has solid Class B apartment assets as well as a sound, value-add investment strategy. However, the company pays out almost all of its FFO to shareholders - around 96%. This leaves IRT unable to prevent debt and equity issuance, which has offset its ROI from value-add projects. It is possible that the company could see some FFO per share growth in the coming quarters. Even so, the stock is overvalued according to almost any realistic scenario. Independence Realty Trust ( I set out on my research of the company expecting to be affirmed in my preconceived opinion of it. That opinion had been shaped largely by other writers here on Seeking Alpha who I highly respect. My research unfortunately led me to a different conclusion than theirs. My basic conclusion is that IRT's dividend is not likely to rise anytime soon and is in fact highly susceptible to a cut in an economic downturn The followin
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News
- Independence Realty Trust Scheduled to Participate in Nareit’s REITworld Annual ConferenceBusiness Wire
- Independence Realty Trust, Inc. (NYSE: IRT) was upgraded by analysts at BMO Capital Markets from an "underperform" rating to a "market perform" rating. They now have a $21.00 price target on the stock, up previously from $19.00.MarketBeat
- Independence Realty Trust Announces Third Quarter 2024 Financial Results and ‘BBB’ Investment Grade Rating from S&PBusiness Wire
- Here's How You Can Earn $100 In Passive Income By Investing In Independence Realty Stock [Yahoo! Finance]Yahoo! Finance
- Invest in Housing Without Buying a Home: 3 Stocks with High Yields and Growing Dividends (IRT, AVB, ELS) [Yahoo! Finance]Yahoo! Finance
IRT
Earnings
- 10/30/24 - Beat
IRT
Sec Filings
- 11/18/24 - Form 8-K
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- IRT's page on the SEC website