Independence Realty Trust Inc (IRT)

Currency in USD
17.52
+0.33(+1.92%)
Closed·
After Hours
17.82+0.30(+1.71%)
·
IRT Scorecard
Full Analysis
Has raised its dividend for 3 consecutive years
IRT is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
17.2017.56
52 wk Range
17.0522.26
Key Statistics
Prev. Close
17.52
Open
17.23
Day's Range
17.2-17.56
52 wk Range
17.05-22.26
Volume
1.94M
Average Volume (3m)
2.28M
1-Year Change
-6.76%
Book Value / Share
14.97
Fair Value
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Fair Value Upside
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IRT Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
21.68
Upside
+23.74%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Independence Realty Trust Inc Company Profile

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. 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 aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

Independence Realty Trust Inc SWOT Analysis


Sunbelt REIT Surge
Independence Realty Trust's strategic focus on Sunbelt and Midwest markets positions it for growth, capitalizing on demand for affordable housing in expanding regions
Financial Fortification
Explore IRT's improved capital structure, with reduced leverage ratios and enhanced financial flexibility, setting the stage for strategic acquisitions and development
Market Dynamics Shift
Delve into the anticipated reduction in new apartment supply, potentially driving rental rate growth and NOI improvements for IRT from 2025 onwards
Analyst Optimism
Discover why analysts are bullish on IRT, with price targets ranging from $21 to $25, reflecting confidence in the company's transformation and growth prospects
Read full SWOT analysis

Independence Realty Trust Inc Earnings Call Summary for Q1/2025

  • Core FFO per share stable at $0.27; revenue missed forecast at $160.91M, causing 2.03% after-hours stock decline
  • Same Store NOI grew 2.7%; company maintains full-year guidance, expecting rental rate gains without occupancy loss
  • Value-add renovation program targets 5,000-6,000 units in 2025, yielding 16.2% weighted average ROI in Q1
  • CEO projects multiyear period of improving fundamentals; leasing demand up 25% year-over-year
  • Analysts bullish with price targets $20.50-$25.00; company aims for mid-five net debt to adjusted EBITDA by year-end
Last Updated: 01/05/2025, 14:58
Read Full Transcript

Compare IRT to Peers and Sector

Metrics to compare
IRT
Peers
Sector
Relationship
P/E Ratio
136.0x−53.4x9.1x
PEG Ratio
0.32−0.090.01
Price/Book
1.2x1.4x0.9x
Price / LTM Sales
6.5x4.1x3.9x
Upside (Analyst Target)
23.0%21.9%12.0%
Fair Value Upside
Unlock3.2%0.4%Unlock

Analyst Ratings

10 Buy
4 Hold
0 Sell
Ratings:
14 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 21.68
(+23.74% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.13%
Dividend Yield
3.88%
Industry Median 4.75%
Annualised payout
0.68
Paid quarterly
5-Years Growth
-2.33%
Growth Streak

Earnings

Latest Release
May 01, 2025
EPS / Forecast
0.04 / 0.04
Revenue / Forecast
160.65M / 164.15M
EPS Revisions
Last 90 days

IRT Income Statement

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FAQ

What Stock Exchange Does Independence Realty Trust Inc Trade On?

Independence Realty Trust Inc is listed and trades on the New York Stock Exchange stock exchange.

What Is the Stock Symbol for Independence Realty Trust Inc?

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

What Is the Independence Realty Trust Inc Market Cap?

As of today, Independence Realty Trust Inc market cap is 4.19B.

What Is Independence Realty Trust Inc's Earnings Per Share (TTM)?

The Independence Realty Trust Inc EPS (TTM) is 0.13.

When Is the Next Independence Realty Trust Inc Earnings Date?

Independence Realty Trust Inc will release its next earnings report on 21 Oct 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 Neutral.

How Many Times Has Independence Realty Trust Inc Stock Split?

Independence Realty Trust Inc has split 0 times.

How Many Employees Does Independence Realty Trust Inc Have?

Independence Realty Trust Inc has 917 employees.

What is the current trading status of Independence Realty Trust Inc (IRT)?

As of 30 Jul 2025, Independence Realty Trust Inc (IRT) is trading at a price of 17.52, with a previous close of 17.52. The stock has fluctuated within a day range of 17.20 to 17.56, while its 52-week range spans from 17.05 to 22.26.
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