Independence Realty Trust Inc (IRT)

NYSE
Currency in USD
19.58
+0.17(+0.88%)
Closed·
After Hours
20.01+0.43(+2.20%)
·
IRT Scorecard
Full Analysis
Has raised its dividend for 3 consecutive years
Earnings results expected in 4 days
Fair Value
Day's Range
19.1419.63
52 wk Range
15.6522.26
Key Statistics
Edit
Prev. Close
19.41
Open
19.33
Day's Range
19.14-19.63
52 wk Range
15.65-22.26
Volume
3.34M
Average Volume (3m)
2.09M
1-Year Change
25.03%
Book Value / Share
15.32
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
IRT Scorecardpro icon
Company’s Health
Unlock
Fair Value
Unlock Price
Fair Price
Upside
Price Target
22.11
Upside
+12.91%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
Show more

Independence Realty Trust Inc Company Profile

Independence Realty Trust, Inc. (NYSE: IRT), an S&P MidCap 400 Company, is a real estate investment trust (“REIT”) that owns and operates multifamily communities across non-gateway U.S. markets. IRT’s investment strategy is focused on gaining scale near major employment centers within key amenity-rich submarkets that offer good school districts and high-quality retail. IRT’s main objective is to provide attractive risk-adjusted returns to stockholders through diligent portfolio management, strong operational performance, and consistent returns on capital through distributions and capital appreciation.

Independence Realty Trust Inc SWOT Analysis


Sunbelt REIT Surge
Independence Realty Trust's strategic focus on affordable housing in high-growth Sunbelt and Midwest markets drives impressive 43.66% year-to-date stock return
Financial Fortification
Explore IRT's proactive balance sheet management, including $227.1M equity raise and $150M note placement, enhancing acquisition potential and reducing leverage
Market Dynamics
Delve into projected multifamily supply decrease (2025-2028) and its potential impact on IRT's rental rates, occupancy, and NOI growth
Analyst Perspectives
Average price target of $21.80 reflects varied views on IRT's growth potential amid improving market fundamentals and strategic positioning
Read full SWOT analysis

Independence Realty Trust Inc Earnings Call Summary for Q3/2024

  • Net income rose to $12.4M; same-store NOI up 2.2%; core FFO at $0.29/share; occupancy strong at 95.4% with 66% renewals
  • 578 units renovated in Q3; targeting 1,700 by year-end; net debt to adjusted EBITDA improved to 6.3x; BBB rating from S&P Global
  • Full-year 2024 guidance updated: acquisition volume raised to $264M-$268M; higher revenue growth expected
  • Challenges: new lease rates below expectations; caution on new projects; high supply markets pose difficulties
  • Outlook: improved lease rate growth expected in 2025; focus on stable assets; Atlanta market showing positive trends
Last Updated: 01/11/2024, 10:26 pm
Read Full Transcript

Compare IRT to Peers and Sector

Metrics to compare
IRT
Peers
Sector
Relationship
P/E Ratio
115.0x−47.7x8.3x
PEG Ratio
0.36−0.180.01
Price/Book
1.3x1.5x0.9x
Price / LTM Sales
7.2x4.8x3.6x
Upside (Analyst Target)
12.4%16.9%19.7%
Fair Value Upside
Unlock−9.9%3.1%Unlock

Analyst Ratings

11 Buy
3 Hold
0 Sell
Ratings:
14 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 22.11
(+12.91% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.17%
Dividend Yield
3.27%
Industry Median 5.09%
Annualised payout
0.64
Paid quarterly
5-Years Growth
-2.33%
Growth Streak

Earnings

Latest Release
Feb 12, 2025
EPS / Forecast
0.17 / 0.06
Revenue / Forecast
160.62M / 163.11M
EPS Revisions
Last 90 days

People Also Watch

32.22
VICI
-0.74%
7.480
AMRX
+0.81%
72.18
CMS
-2.64%
93.75
PNW
-0.77%
107.73
WEC
-1.08%

FAQ

What Is the Independence Realty Trust Inc (IRT) Stock Price Today?

The Independence Realty Trust Inc stock price today is 19.58

What Stock Exchange Does Independence Realty Trust Inc Trade On?

Independence Realty Trust Inc is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Independence Realty Trust Inc?

The stock symbol for Independence Realty Trust Inc is "IRT."

Does Independence Realty Trust Inc Pay Dividends? What’s The Current Dividend Yield?

The Independence Realty Trust Inc dividend yield is 3.27%.

What Is the Independence Realty Trust Inc Market Cap?

As of today, Independence Realty Trust Inc market cap is 4.52B.

What is Independence Realty Trust Inc Earnings Per Share?

The Independence Realty Trust Inc EPS is 0.17.

What Is the Next Independence Realty Trust Inc Earnings Date?

Independence Realty Trust Inc will release its next earnings report on 29 Apr 2025.

From a Technical Analysis Perspective, Is IRT a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.