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IRT Stock Chart & Stats
$16.61
-$0.06(-0.36%)
At close: 4:00 PM EDT
$16.61
-$0.06(-0.36%)
Day’s Range― - ―
52-Week Range$14.60 - $18.19
Previous CloseN/A
Volume372.00K
Average Volume (3M)2.65M
Market Cap
$4.01B
Enterprise Value$6.47K
Total Cash (Recent Filing)$22.51M
Total Debt (Recent Filing)$2.44B
Price to Earnings (P/E)90.4
Beta0.66
Next Earnings
Nov 04, 2026EPS Estimate
0.04Next Dividend Ex-DateN/A
Dividend Yield4.16%
Share Statistics
EPS (TTM)0.18
Shares Outstanding235,744,570
10 Day Avg. Volume2,369,568
30 Day Avg. Volume2,649,245
Financial Highlights & Ratios
PEG Ratio1.77
Price to Book (P/B)1.18
Price to Sales (P/S)6.22
P/FCF Ratio27.91
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$19.17Price Target Upside15.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.13
Revenue Forecast (FY)$675.42M
Bulls Say, Bears Say
Bulls Say
Same-store OperationsImproved same-store metrics—higher occupancy, revenue, and blended lease rate growth—support stronger organic performance and demonstrate improving pricing momentum.
Sunbelt Demographic DemandAbove-average population migration to Sunbelt markets and demand for more affordable rental housing underpin sustained leasing demand in core markets such as Texas, Florida, and the Carolinas.
Valuation GapA valuation discount to peers, together with an analyst upgrade to Outperform, creates potential upside if sector supply pressures remain muted and the pricing gap narrows.
Bears Say
FFO GuidanceCore funds from operations guidance is pressured by slower lease-up at new units, capitalized interest on a Denver development, and weaker non-same-store income, which may weigh on reported cash flow.
Leverage And Financial FlexibilityRelatively elevated leverage, despite modest declines, could constrain financial flexibility and limit capacity for acquisitions or discretionary capital spending.
Independence Realty News
IRT FAQ
What was Independence Realty Trust’s price range in the past 12 months?
Independence Realty Trust lowest stock price was $14.60 and its highest was $18.18 in the past 12 months.
What is Independence Realty Trust’s market cap?
Independence Realty Trust’s market cap is $4.01B.
When is Independence Realty Trust’s upcoming earnings report date?
Independence Realty Trust’s upcoming earnings report date is Nov 04, 2026 which is in 73 days.
How were Independence Realty Trust’s earnings last quarter?
Independence Realty Trust released its earnings results on Aug 03, 2026. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.025 by -$0.015.
Is Independence Realty Trust overvalued?
According to Wall Street analysts Independence Realty Trust’s price is currently Undervalued.
Does Independence Realty Trust pay dividends?
Independence Realty Trust pays a Quarterly dividend of $0.18 which represents an annual dividend yield of 4.16%. See more information on Independence Realty Trust dividends here
What is Independence Realty Trust’s EPS estimate?
Independence Realty Trust’s EPS estimate is 0.04.
How many shares outstanding does Independence Realty Trust have?
Independence Realty Trust has 235,744,570 shares outstanding.
What happened to Independence Realty Trust’s price movement after its last earnings report?
Independence Realty Trust reported an EPS of $0.01 in its last earnings report, missing expectations of $0.025. Following the earnings report the stock price went up 1.79%.
Which hedge fund is a major shareholder of Independence Realty Trust?
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
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Analyst Consensus
Moderate Buy
Average Price Target:
$19.17 (15.39% Upside)
$19.17 (15.39% Upside)
Blogger Sentiment
Bullish
IRT Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 460.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 2.0%
Last 30 Days ▲ 3.4%
Last 30 Days ▲ 3.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.47%
12-Months-Change
Fundamentals
Return on Equity
4.16%
Trailing 12-Months
Asset Growth
2.16%
Trailing 12-Months
Company Description
Independence Realty Trust
Independence Realty Trust (IRT), publicly traded as NYSE: IRT, operates as a real estate investment trust specializing in owning and managing multifamily apartment communities. Their portfolio is concentrated in non-gateway U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh. The company's strategy involves establishing a strong presence in select, amenity-rich submarkets, which are identified by features like excellent school systems, quality retail establishments, and significant employment hubs. Ultimately, IRT seeks to deliver appealing risk-adjusted returns to its shareholders. This is accomplished through meticulous portfolio oversight, robust operational execution, and a reliable return on capital, generated via both dividend distributions and asset value appreciation.
IRT Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed clear operational momentum: improving leasing spreads, rising asking rents, materially lower concession usage, a successful early Wi‑Fi rollout, renovation program execution and an upgrade/affirmation of credit metrics. Offsetting negatives include slower lease-up at a development asset, certain markets still requiring concession normalization, elevated bad debt relative to pre‑COVID levels, and higher interest expense that tempers near‑term FFO upside. Overall, the positives—broad portfolio recovery, upgraded same‑store NOI guidance, new recurring revenue (Wi‑Fi), and demonstrated renovation ROI—outweigh the challenges.View all IRT earnings summariesIRT Stock 12 Month Forecast
Average Price Target
$19.17
▲(15.39% Upside)
Technical Analysis
Apartment Investment & Management
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Centerspace
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NexPoint Residential
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Millrose Properties Inc Class A
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Ownership Overview
0.79% Insiders
34.84% Mutual Funds
21.52% Other Institutional Investors
10.45% Public Companies and
Individual Investors