Independence Realty Trust Azioni (NYSE: IRT)

Ultime notizie per Independence Realty Trust (NYSE:IRT) Azioni

Independence Realty Trust

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.

Independence Realty Trust, Inc. Common Stock

Independence Realty Trust Inc

iRhythm Technologies, Inc. - Common Stock

iRhythm Technologies Inc

iShares Trust iShares LifePath Retirement ETF

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $21.75, a high estimate of $22.00, and a low estimate of $21.00. Observing a 12.99% increase, the current average has risen from the previous average price target of $19.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1731700858_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Independence Realty Trust by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Kim</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Derek Johnston</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$22.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Austin Wurschmidt</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Independence Realty Trust. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Independence Realty Trust compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Independence Realty Trust's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Independence Realty Trust's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/IRT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Independence Realty Trust analyst ratings.</a>
<h2>About Independence Realty Trust</h2>
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
<h3>A Deep Dive into Independence Realty Trust's Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Independence Realty Trust faced challenges, resulting in a decline of approximately -5.02% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.72%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Independence Realty Trust's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.37% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Independence Realty Trust's ROA stands out, surpassing industry averages. With an impressive ROA of 0.21%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.68.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Expectations For Independence Realty Trust's Future

BMO Capital analyst John Kim upgrades Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) from Underperform to Market Perform and raises the price target from $19 to $21.

News

Upgrades

Price Target

BMO Capital Upgrades Independence Realty Trust to Market Perform, Raises Price Target to $21

Guidance

Independence Realty Trust Adjusts FY24 Total Operating Expense Growth From 2.6%-3.4% To 2.8%-$3.2%

Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.30 by 3.33 percent. The company reported quarterly sales of $159.860 million which missed the analyst consensus estimate of $159.939 million by 0.05 percent. This is a 5.06 percent decrease over sales of $168.375 million the same period last year.

Earnings

Earnings Misses

Independence Realty Trust Q3 2024 FFO $0.29 Misses $0.30 Estimate, Sales $159.860M Miss $159.939M Estimate

Macro Economic Events

Economics

Independence Realty Trust Did Not Incur Significant Damage From Hurricane Helene

Deutsche Bank analyst Derek Johnston maintains Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) with a Buy and raises the price target from $18 to $22.

Deutsche Bank Maintains Buy on Independence Realty Trust, Raises Price Target to $22

In the latest quarter, 4 analysts provided ratings for Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>), showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Independence Realty Trust, presenting an average target of $21.25, a high estimate of $22.00, and a low estimate of $20.00. This upward trend is evident, with the current average reflecting a 13.33% increase from the previous average price target of $18.75.
<img src="https://www.benzinga.com/files/images/story/2024/1725883283_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Independence Realty Trust is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Austin Wurschmidt</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Michael Gorman</td>
<td>BTIG</td>
<td>Raises</td>
<td>Buy</td>
<td>$21.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$20.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Independence Realty Trust. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Independence Realty Trust compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Independence Realty Trust's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Independence Realty Trust's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/IRT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Independence Realty Trust analyst ratings.</a>
<h2>About Independence Realty Trust</h2>
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
<h3>Independence Realty Trust's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Independence Realty Trust's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -3.39%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: Independence Realty Trust's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 6.54%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Independence Realty Trust's ROE excels beyond industry benchmarks, reaching 0.3%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Independence Realty Trust's ROA stands out, surpassing industry averages. With an impressive ROA of 0.17%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Independence Realty Trust's debt-to-equity ratio is below the industry average at 0.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Independence Realty Trust

JMP Securities analyst Aaron Hecht maintains Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) with a Market Outperform and raises the price target from $20 to $22.

JMP Securities Maintains Market Outperform on Independence Realty Trust, Raises Price Target to $22

Keybanc analyst Austin Wurschmidt maintains Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) with a Overweight and raises the price target from $20 to $22.

Keybanc Maintains Overweight on Independence Realty Trust, Raises Price Target to $22

Reported Earlier, Independence Realty Trust Prices Public Offering Of 10M Common Shares At $19.75/Share, Secures Forward Sale Agreement With Citigroup

IRT expects to grant the underwriters a 30-day option to purchase up to 1.50 million additional shares of common stock.
IRT expects to enter into a forward sale agreement with Citigroup or one of its affiliates&nbsp;with respect to 10 million shares of its common stock.

Offerings

Independence Realty Trust Reveals Public Offering Of 10M Shares Of Common Stock

Mortgage applications skyrocketed by 16.8% in the week ending Aug. 9, according to data released Wednesday by the <a href="https://www.benzinga.com/topic/mortgages">Mortgage Bankers Association</a>.
This impressive increase follows a 6.9% rise in the previous week and represents the largest one-week jump since January 2023. 
The surge comes despite the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remaining relatively stable at 6.54%, compared to 6.55% the week before.
<h3 class="wp-block-heading">Refinance Activity Hits Highest Level Since May 2022</h3>
The Refinance Index, which is highly sensitive to interest rate changes, surged by 35% from the previous week, marking a 118% increase compared to the same week last year. 
This sharp rise is the highest weekly gain for the Refinance Index since May 2022. 
Consequently, the refinance share of mortgage activity grew to 48.6% of total applications, up from 41.7% the previous week. Additionally, the share of adjustable-rate mortgage (ARM) applications increased to 7.3% of total applications.
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Joel Kan, MBA's vice president and deputy chief economist, commented on the data, stating, &#8220;Rates on both 30- and 15-year fixed-rate mortgages decreased for the second consecutive week, and combined with the previous week's rate moves, spurred another strong week for application activity as borrowers with higher rates took the opportunity to refinance.&#8221; 
Kan also highlighted that purchase applications increased by 3%, with modest gains across various loan types, suggesting that prospective homebuyers are gradually returning to the market.
<h3 class="wp-block-heading">Mortgage-Linked Stocks Soar To September 2022 Levels</h3>
The recent surge in mortgage activity has positively impacted mortgage-linked stocks, pushing them to their highest levels since September 2022. 
The iShares Residential and Multisector Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REZ#NYSE">REZ</a>) rose 0.3% on Wednesday, putting it on track to close the session at its highest point since September 2022.
Notably, the ETF has posted gains for 12 straight weeks, achieving its longest winning streak since the fund&#8217;s launch in 2007. Additionally, the fund has closed in the green 16 out of the last 17 weeks.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="478" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-1024x478.png" alt="" class="wp-image-494968" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-1024x478.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-768x358.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-1536x717.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081424&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
Below are the top-performing stocks in the REZ ETF year-to-date:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Ytd Return (%)</td>
</tr>
<tr>
<td>Diversified Healthcare Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DHC#NASDAQ">DHC</a>)</td>
<td>310.64</td>
</tr>
<tr>
<td>National Health Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NHI#NYSE">NHI</a>)</td>
<td>37.44</td>
</tr>
<tr>
<td>Welltower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>)</td>
<td>33.37</td>
</tr>
<tr>
<td>UMH Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>)</td>
<td>31.73</td>
</tr>
<tr>
<td>Independence Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>)</td>
<td>31.51</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">As of Aug. 14, 2024 at 10:30 a.m. ET</figcaption></figure>
Read Next:
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</ul>
Photo via Shutterstock.

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iShares FTSE NAREIT Residential PLUS Capped Index Fund

WELL

Mortgage Applications Rocket By 16.8%, Notch Strongest Weekly Increase In 1.5 Years: 'Homebuyers Took The Opportunity To Refinance'

BTIG analyst Michael Gorman maintains Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) with a Buy and raises the price target from $18 to $21.

BTIG Maintains Buy on Independence Realty Trust, Raises Price Target to $21

JMP Securities analyst Aaron Hecht maintains Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) with a Market Outperform and raises the price target from $17 to $20.

JMP Securities Maintains Market Outperform on Independence Realty Trust, Raises Price Target to $20

The company&nbsp;increased the midpoint of our 2024 earnings per diluted share, FFO, CFFO per share, and same-store NOI&nbsp;guidance&nbsp;ranges, while updating our interest expense, transaction volume, and capital expenditure&nbsp;guidance. Earnings per diluted share is now projected to be in the range of&nbsp;$0.36&nbsp;to&nbsp;$0.38.&nbsp;

Independence Realty Trust Revises CFFO Per Share Forecast From $1.12 - $1.16 To $1.14 - $1.16, Est $1.13

Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) reported quarterly Core FFO of $0.28 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $158.104 million which missed the analyst consensus estimate of $161.238 million by 1.94 percent. This is a 3.36 percent decrease over sales of $163.601 million the same period last year.

Independence Realty Trust Q2 2024 Core FFO $0.28, Inline, Sales $158.104M Miss $161.238M Estimate

The U.S. real estate market is more unaffordable than ever before, pushing more people to rent rather than buy and making residential real estate investment trusts (REITs) very attractive for long-term investors and those seeking dividend income.
Residential REITs offer investors the benefits of owning rental properties without the hassles of being a landlord or the large up-front expense of acquiring a property. They also carry the benefit of being liquid, since you can sell a stock any time the market is open, compared with a property that could take months or years to sell.
That said, let's take a look at two residential REITs you could buy today.
<h2 class="wp-block-heading">NexPoint Residential Trust, Inc.</h2>
NexPoint Residential Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXRT#NYSE">NXRT</a>) owns and manages a portfolio of 39 multifamily properties consisting of 14,485 units across 11 markets in the Southern U.S., including Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Orlando, Phoenix, Raleigh, and Tampa.
<h3 class="wp-block-heading">Don't Miss:</h3>
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<li>A new fund backed by Jeff Bezos offers a 7-9% target yield with monthly dividends.<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> Here&#8217;s how you can invest today.</a></li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These<a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail"> high-yield real estate notes that pay 7.5% &#8211; 9%</a> make earning passive income easier than ever.</li>
</ul>
NexPoint currently pays a quarterly dividend of $0.46242 per share, equating to an annualized dividend of about $1.85 per share and giving its stock a yield of about 4.8% at the time of this writing. 
On top of offering a high yield, NexPoint is a dividend-growth star. It has raised its annual dividend payment for eight consecutive years, and its 10.1% hike  in October has it on pace for 2024 to mark the ninth consecutive year with an increase.
Trending: <a href="https://www.benzinga.com/money/are-you-rich-advisor">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">Independence Realty Trust, Inc.</h2>
Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) owns and operates a portfolio of <a href="https://s29.q4cdn.com/320528805/files/doc_presentations/2024/May/IRT-Investor-Presentation-May-2024-FINAL-5-7-24.pdf">110 apartment communities</a> containing 32,685 apartment units across non-gateway U.S. markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Memphis, Nashville, Oklahoma City, Raleigh, and Tampa.
Independence Realty currently pays a quarterly dividend of $0.16 per share, equating to an annualized dividend of $0.64 per share, which gives its stock a yield of about 3.8% at the time of this writing. 
It's important to note that Independence Realty has also raised its dividend each of the last two years following a reduction in 2020 due to uncertainty caused by the COVID-19 pandemic. With operations back to normal, investors should count on it for a reliable source of growing income in the years ahead.
<h3 class="wp-block-heading">Keep Reading:</h3>
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<li>Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible</a>.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. This platform <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allows individuals to invest in commercial real estate with as little as $5,000.</a></li>
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NXRT

2 Residential REITs With Yields Up To 4.8% To Buy And Hold For The Long Term

Independence Realty Trust Sees FY24 CFFO $1.12-$1.16 Vs $1.14 Est.

Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) reported quarterly earnings of $0.27 per share which met the analyst consensus estimate. The company reported quarterly sales of $160.331 million which missed the analyst consensus estimate of $161.029 million by 0.43 percent. This is a 0.50 percent decrease over sales of $161.135 million the same period last year.

Independence Realty Trust Q1 2024 GAAP EPS $0.27, Inline, Sales $160.331M Miss $161.029M Estimate

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with yields up to 4.4% that have been growing their dividends in recent years.
<h2 class="wp-block-heading">Public Storage</h2>
Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) is the largest owner, operator, and developer of self-storage facilities in the United States. Its portfolio currently consists of <a href="https://s1.q4cdn.com/588671402/files/doc_financials/2023/q4/Company-Update-Mar-24-vF.pdf">3,368 properties</a> containing 243 million rentable square feet located across 40 states.
Public Storage currently pays a quarterly dividend of $3.00 per share, equating to an annualized dividend of $12.00 per share, which gives its stock a yield of about 4.4% at the time of this writing.&nbsp;
In addition to offering a high yield, Public Storage has a track record of dividend growth. It has raised its annual dividend 12 times since 2008, and paid out a $13.15 per share special dividend in 2022, so investors should count it as both a high-yield and dividend-growth stock.
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<h2 class="wp-block-heading">Independence Realty Trust, Inc.</h2>
Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) owns and operates a portfolio of <a href="https://s29.q4cdn.com/320528805/files/doc_presentations/2024/Mar/01/irt-investor-presentation-march-2024-final.pdf">110 apartment communities</a> containing 32,685 apartment units across non-gateway U.S. markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Memphis, Nashville, Oklahoma City, Raleigh, and Tampa.
Independence Realty currently pays a quarterly dividend of $0.16 per share, equating to an annualized dividend of $0.64 per share, which gives its stock a yield of about 4% at the time of this writing.&nbsp;
Independence Realty has also raised its dividend each of the last two years following a 33% reduction in 2020 due to uncertainty caused by the COVID-19 pandemic. With operations back to normal, investors should consider the stock a reliable source of dividend income.
<h2 class="wp-block-heading">Explore Opportunities Beyond REITs</h2>
While publicly traded REITs offer a convenient way to invest in real estate, we believe that some of the most compelling opportunities lie in the private market. Benzinga's <a href="https://www.benzinga.com/go/real-estate-screener">real estate offering screener</a> features a curated selection of private market real estate offerings from trusted platforms with a track record of strong returns.
Whether you&#8217;re an accredited or non-accredited investor, you can filter opportunities based on your investment criteria, including minimum investment, property type and target return. These offerings provide a unique chance to diversify your portfolio and tap into potential high-yield investments that are not available on public exchanges.
<a href="https://www.benzinga.com/go/real-estate-screener">Browse offerings</a>
<h3 class="wp-block-heading">Latest Private Market Offerings</h3>
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<li><a href="https://www.benzinga.com/alternative-investments/listing/qoz-fund-iii">QOZ Fund III</a>: Realize massive tax benefits by investing in a portfolio of multifamily development projects with long-term growth potential located in designated Opportunity Zones.</li>
<li><a href="https://www.benzinga.com/alternative-investments/listing/incomeplus-fund">Income Plus Fund:</a> A private real estate fund for investors seeking passive income and appreciation &#8211; Target net annual return of 9% &#8211; 11%.&nbsp;</li>
<li><a href="https://www.benzinga.com/alternative-investments/listing/gold-leaf-farming-lp">Golden Leaf Farming LP</a>: Top-tier almond and pistachio farms with a target cash yield of 13.8%</li>
</ul>
Discover these and other exclusive real estate investment opportunities on Benzinga's offering screener. Dive into the private market and uncover the potential for substantial returns beyond the public REIT market.
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Image Credit: Shutterstock

These REITs Yield 4% or More and Have Been Growing Their Dividends

Barry Oxford, an analyst from Colliers Securities, maintained the Buy rating on Independence Realty (IRT – Research Report). The associated price t...

Buy Rating Affirmed: Independence Realty Trust's Strategic Growth and Financial Resilience

In a report released today, John Kim from BMO Capital maintained a Sell rating on Independence Realty (IRT – Research Report), with a price target ...

Sell Rating Due to Concerns Over Lease Growth and Same-Store Revenue Despite Revised Guidance

JMP Securities analyst Aaron Hecht reiterated a Buy rating on Independence Realty (IRT – Research Report) today and set a price target of $22.00. T...

JMP Securities Sticks to Their Buy Rating for Independence Realty (IRT)

There's a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on Whitestone REIT (WSR – Research Report) and Indepen...

Analysts Offer Insights on Real Estate Companies: Whitestone REIT (WSR) and Independence Realty (IRT)

BSR REIT: Sun Belt Growth Gets A Reality Check

Supreme Court turns away appeals on New York's rent control system

BMO Capital upgraded Independence Realty Trust (IRT) to Market Perform from Underperform with a price target of $21, up from $19. The company's res...

Independence Realty upgraded to Market Perform from Underperform at BMO Capital

Independence Realty raised to Market Perform at BMO on Sunbelt exposure

Independence Realty ( ($IRT) ) has shared an announcement. Independence Realty Trust, Inc. (IRT) showcases a strong performance in the Sunbelt regi...

Independence Realty Trust Achieves Strong Q3 2024 Performance

Short Sellers

Short seller Carson Block warns about Sun Belt apartment debt - report

BRSP

BSRTF

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Press Releases

Independence Realty Trust Promotes Jim Sebra to President

Independence Realty Trust Announces Public Offering of 10,000,000 Shares of Common Stock

Independence Realty Trust Announces Pricing of Public Offering of 10,000,000 Shares of Common Stock

Independence Realty Trust Announces Closing of Public Offering of 11,500,000 shares of Common Stock, Including Exercise in Full of Underwriters' Option to Purchase Additional Shares

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