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Independence Realty (IRT)
NYSE:IRT
IRT Stock Chart & Stats
$16.31
-$0.11(-0.59%)
At close: 4:00 PM EST
$16.31
-$0.11(-0.59%)
Day’s Range― - ―
52-Week Range$15.87 - $22.26
Previous CloseN/A
Volume625.91K
Average Volume (3M)2.64M
Market Cap
$3.91B
Enterprise Value$6.48B
Total Cash (Recent Filing)$42.53M
Total Debt (Recent Filing)$2.25B
Price to Earnings (P/E)135.1
Beta0.80
Next Earnings
Oct 29, 2025EPS Estimate
0.08Last Dividend Ex-Date
Sep 30, 2025Dividend Yield4.05%
Share Statistics
EPS (TTM)0.03
Shares Outstanding233,817,110
10 Day Avg. Volume2,488,063
30 Day Avg. Volume2,635,812
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)1.30
Price to Sales (P/S)6.97
P/FCF Ratio52.66
Enterprise Value/Market Cap1.66
Enterprise Value/Revenue10.06
Enterprise Value/Gross Profit17.09
Enterprise Value/Ebitda19.22
Forecast
1Y Price Target
$20.95Price Target Upside28.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Bulls Say, Bears Say
Bulls Say
Management StrategyManagement raised guidance for 2025 acquisitions and dispositions, indicating opportunities to trade out older vintages for newer communities with lower capex requirements.
Operating ExpensesIRT had a favorable insurance renewal (-20% premium reduction vs. prior IRT expectations of a +5% increase), which drove a decrease of -60bps in operating expenses.
Regional Market PerformancePortions of the Sun Belt (Tampa, Orlando) and the Midwest (Indianapolis, Columbus) are improving, which could help offset continued supply pressures impacting other markets like Dallas.
Bears Say
Rental Rates And Occupancy2Q25 new lease rate (-3.1%) and occupancy (95.3%) came in below management's expectations.
Revenue Forecast’25 SS Revenue was lowered -90bps to +1.7%, implying -130bps decline y/y, and is below Street/BMOe of +2.0%/2.2%.
Independence Realty News
IRT FAQ
What was Independence Realty’s price range in the past 12 months?
Independence Realty lowest stock price was $15.87 and its highest was $22.26 in the past 12 months.
What is Independence Realty’s market cap?
Independence Realty’s market cap is $3.91B.
When is Independence Realty’s upcoming earnings report date?
Independence Realty’s upcoming earnings report date is Oct 29, 2025 which is in 5 days.
How were Independence Realty’s earnings last quarter?
Independence Realty released its earnings results on Jul 31, 2025. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by -$0.01.
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 4.05%. See more information on Independence Realty dividends here
What is Independence Realty’s EPS estimate?
Independence Realty’s EPS estimate is 0.08.
How many shares outstanding does Independence Realty have?
Independence Realty has 233,817,110 shares outstanding.
What happened to Independence Realty’s price movement after its last earnings report?
Independence Realty reported an EPS of $0.03 in its last earnings report, missing expectations of $0.04. Following the earnings report the stock price went down -0.12%.
Which hedge fund is a major shareholder of Independence Realty?
Currently, no hedge funds are holding shares in IRT
Independence Realty Stock Smart Score
Underperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$20.95 (28.45% Upside)
$20.95 (28.45% Upside)
Blogger Sentiment
Bullish
IRT Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 2.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 8.8%
Last 30 Days ▼ 8.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-13.34%
12-Months-Change
Fundamentals
Return on Equity
0.81%
Trailing 12-Months
Asset Growth
0.38%
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
Q2 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view of the company's performance. While there were notable achievements in terms of core FFO growth, successful renovations, and strategic acquisitions, the company faced challenges with rent growth, market conditions, and supply pressures. The revised outlook reflects these challenges, but operational efficiencies and investment strategies provide a positive long-term outlook.View all IRT earnings summariesIRT Stock 12 Month Forecast
Average Price Target
$20.95
▲(28.45% Upside)
Technical Analysis
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Ownership Overview
0.71% Insiders
36.34% Mutual Funds
0.85% Other Institutional Investors
31.97% Public Companies and
Individual Investors