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Independence Realty (IRT)
NYSE:IRT
IRT Stock Chart & Stats
$16.74
-$0.11(-0.59%)
At close: 4:00 PM EST
$16.74
-$0.11(-0.59%)
Day’s Range― - ―
52-Week Range$15.07 - $21.67
Previous CloseN/A
Volume625.91K
Average Volume (3M)3.13M
Market Cap
$4.07B
Enterprise Value$6.19B
Total Cash (Recent Filing)$47.62M
Total Debt (Recent Filing)$2.28B
Price to Earnings (P/E)72.3
Beta0.63
Next Earnings
May 06, 2026EPS Estimate
0.03Next Dividend Ex-DateN/A
Dividend Yield3.88%
Share Statistics
EPS (TTM)0.14
Shares Outstanding237,280,270
10 Day Avg. Volume3,559,622
30 Day Avg. Volume3,130,321
Financial Highlights & Ratios
PEG Ratio1.76
Price to Book (P/B)1.18
Price to Sales (P/S)6.22
P/FCF Ratio27.91
Enterprise Value/Market Cap1.52
Enterprise Value/Revenue9.41
Enterprise Value/Gross Profit23.57
Enterprise Value/Ebitda16.28
Forecast
1Y Price Target
$19.49Price Target Upside16.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.2
Revenue Forecast (FY)$680.15M
Bulls Say, Bears Say
Bulls Say
Demographics And ValuationAnalyst upgraded the stock to Outperform, citing expected benefits from continued net migration into Sunbelt markets and an attractive valuation discount that could narrow if supply pressures remain lower.
Guidance Versus PeersAnalyst highlights company guidance for blended and same-store revenue that is meaningfully higher than Sunbelt peers, implying a stronger near-term revenue trajectory compared with competing landlords.
Same-store Operating ImprovementAnalyst notes that same-store operations improved, with higher occupancy and accelerating blended lease rate growth, indicating stronger pricing momentum that supports rental income and operating margins.
Bears Say
Core Funds From Operations GuidanceAnalyst views core funds from operations guidance as disappointing because slower lease-up and capitalized interest from a Denver development, along with weaker non-same-store income, will weigh on reported cash flow.
Leverage And Financial FlexibilityAnalyst notes leverage declined modestly but remains relatively elevated, which could constrain financial flexibility for acquisitions, redevelopment, or responding to market stress.
Rent Growth And Acquisition SlowdownAnalyst points to slowing acquisition volume, a significant cut to acquisition guidance, and a portfolio concentrated in markets with below-average rent growth, which could restrain earnings growth until reinvestment activity picks up.
Independence Realty News
IRT FAQ
What was Independence Realty’s price range in the past 12 months?
Independence Realty lowest stock price was $15.06 and its highest was $21.67 in the past 12 months.
What is Independence Realty’s market cap?
Independence Realty’s market cap is $4.07B.
When is Independence Realty’s upcoming earnings report date?
Independence Realty’s upcoming earnings report date is May 06, 2026 which is in 61 days.
How were Independence Realty’s earnings last quarter?
Independence Realty released its earnings results on Feb 11, 2026. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.086 by $0.054.
Is Independence Realty overvalued?
According to Wall Street analysts Independence Realty’s price is currently Undervalued.
Does Independence Realty pay dividends?
Independence Realty pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 3.88%. See more information on Independence Realty dividends here
What is Independence Realty’s EPS estimate?
Independence Realty’s EPS estimate is 0.03.
How many shares outstanding does Independence Realty have?
Independence Realty has 237,280,270 shares outstanding.
What happened to Independence Realty’s price movement after its last earnings report?
Independence Realty reported an EPS of $0.14 in its last earnings report, beating expectations of $0.086. Following the earnings report the stock price went down -5.291%.
Which hedge fund is a major shareholder of Independence Realty?
Currently, no hedge funds are holding shares in IRT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Independence Realty Stock Smart Score
Neutral
1
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4
5
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7
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$19.49 (16.45% Upside)
$19.49 (16.45% Upside)
Blogger Sentiment
Bullish
IRT Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 2.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-19.27%
12-Months-Change
Fundamentals
Return on Equity
1.64%
Trailing 12-Months
Asset Growth
-0.60%
Trailing 12-Months
Company Description
Independence Realty
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. 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.
IRT Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a generally constructive and pragmatic outlook: operational execution (AI leasing, faster renovations, improved bad-debt) and disciplined capital actions (asset sales, JV exits, accretive buybacks, new term loan) underpin resilience and position the company for recovery. However, margin pressure from higher operating costs (payroll, utilities, Wi‑Fi costs), elevated concessions in select lease-ups, slower stabilization of certain developments (Denver/Flatirons and Austin lease-ups), and a slightly lower core FFO guidance versus 2025 temper near-term upside. Management’s balance-sheet actions and market exposure to favorable migration/job-growth markets support a positive forward view, while specific market and expense headwinds present near-term risks.View all IRT earnings summariesIRT Stock 12 Month Forecast
Average Price Target
$19.49
▲(16.45% Upside)
Technical Analysis
Apartment Investment & Management
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Ownership Overview
0.78% Insiders
35.41% Mutual Funds
8.15% Other Institutional Investors
25.52% Public Companies and
Individual Investors