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Independence Realty (IRT)
NYSE:IRT
IRT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$14.35 - $22.26
Previous CloseN/A
Volume625.91K
Average Volume (3M)1.84M
Market Cap
$4.91B
Enterprise Value$7.01B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)119.1
Beta1.18
Next Earnings
Apr 23, 2025EPS Estimate
0.04Last Dividend Ex-Date
Dec 31, 2024Dividend Yield3.08%
Share Statistics
EPS (TTM)0.17
Shares Outstanding230,914,120
10 Day Avg. Volume2,581,447
30 Day Avg. Volume1,839,578
Standard Deviation0.09
R-Squared0.47
Alpha-0.00239
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)7.49
Price to Cash Flow (P/CF)18.90
P/FCF Ratio0.00
Enterprise Value/Market Cap1.43
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.95
Enterprise Value/Ebitda21.10
Forecast
1Y Price Target
$21.75Price Target Upside6.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
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Independence Realty News
PremiumCompany Announcements
Independence Realty Trust Reports Strong 2024 Results
PremiumCompany Announcements
Independence Realty Trust Shines in Earnings Call---
Bulls Say, Bears Say
Bulls Say
Capital StructureManagement has enhanced the capital structure and received a credit rating upgrade, which reflects declining leverage and an improving debt maturity profile.
EarningsThe stock's price target has been increased to $25, reflecting a 25% NAV premium, which is a significant increase from the prior 15% premium.
Financial FlexibilityThe expanded unsecured credit facility, increasing borrowing capacity to $750mm, gives Independence Realty Trust greater financial flexibility and a more favorable capital structure.
Bears Say
Lease GrowthNew supply has negatively impacted blended lease growth, leading IRT to reduce SS Revenue guidance twice this year.
Leasing RecoveryThe Core FFO estimate for 2025 is lowered, reflecting a slower pace of leasing recovery.
Value-add ProgramRent increases on IRT's value-add program have flatlined, causing ROI on the program to decline.
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Ownership Overview
0.74% Insiders
33.01% Mutual Funds
22.81% Other Institutional Investors
13.89% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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IRT FAQ
What was Independence Realty’s price range in the past 12 months?
Independence Realty lowest stock price was $14.35 and its highest was $22.26 in the past 12 months.
What is Independence Realty’s market cap?
Independence Realty’s market cap is $4.91B.
When is Independence Realty’s upcoming earnings report date?
Independence Realty’s upcoming earnings report date is Apr 23, 2025 which is in 59 days.
How were Independence Realty’s earnings last quarter?
Independence Realty released its earnings results on Feb 12, 2025. The company reported $0 earnings per share for the quarter, missing the consensus estimate of $0.063 by -$0.063.
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 $0.636 which represents an annual dividend yield of 3.08%. See more information on Independence Realty dividends here
What is Independence Realty’s EPS estimate?
Independence Realty’s EPS estimate is 0.04.
How many shares outstanding does Independence Realty have?
Independence Realty has 230,914,120 shares outstanding.
What happened to Independence Realty’s price movement after its last earnings report?
Independence Realty reported an EPS of $0 in its last earnings report, missing expectations of $0.063. Following the earnings report the stock price went up 2.242%.
Which hedge fund is a major shareholder of Independence Realty?
Currently, no hedge funds are holding shares in IRT
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Independence Realty Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$21.75 (6.62% Upside)
$21.75 (6.62% Upside)
Blogger Sentiment
Bullish
IRT Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 388.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 2.0%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
37.43%
12-Months-Change
Fundamentals
Return on Equity
1.14%
Trailing 12-Months
Asset Growth
-3.54%
Trailing 12-Months
Company Description
Independence Realty
Independence Realty Trust, Inc. is a real estate investment trust. It acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.
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IRT Earnings Call
Q4 2025
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant achievements in FFO growth, occupancy rates, and strategic acquisitions. While there are challenges related to supply pressures in specific markets and declining new lease rates, the overall outlook remains positive with strategic initiatives in place to drive future growth.Read More>---
IRT Stock 12 Month Forecast
Average Price Target
$21.75
▲(6.62% Upside)
Technical Analysis
Best Analysts Covering IRT
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+29.20%
reiterated a buy rating 6 months ago
Copying Amanda Sweitzer's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +29.20% per trade.
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