|Bid||18.83 x 1400|
|Ask||18.84 x 1400|
|Day's range||18.30 - 18.92|
|52-week range||15.04 - 28.42|
|Beta (5Y monthly)||0.99|
|PE ratio (TTM)||29.79|
|Earnings date||15 Feb 2023|
|Forward dividend & yield||0.56 (3.05%)|
|Ex-dividend date||29 Dec 2022|
|1y target est||21.21|
PHILADELPHIA, January 27, 2023--Independence Realty Trust, Inc. ("IRT") (NYSE: IRT) today announced the tax reporting information for the 2022 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
The average real estate investment trust (REIT) shed a quarter of its value as rising interest rates weighed on valuations. One sector in particular that stands out is residential REITs focused on the fast-growing Sun Belt region, led by Camden Property Trust (NYSE: CPT), MAA (NYSE: MAA), and Independence Realty Trust (NYSE: IRT).
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