Independence Realty Trust (IRT)
NYSE:IRT
IRT Stock Chart & Stats
$15.00
-$0.11(-0.59%)
At close: 4:00 PM EST
$15.00
-$0.11(-0.59%)
Day’s Range― - ―
52-Week Range$14.90 - $21.56
Previous CloseN/A
Volume625.91K
Average Volume (3M)2.99M
Market Cap
$3.65B
Enterprise Value$5.74B
Total Cash (Recent Filing)$47.62M
Total Debt (Recent Filing)$2.28B
Price to Earnings (P/E)72.3
Beta0.65
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. Volume2,441,341
30 Day Avg. Volume2,993,975
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 Cap1.57
Enterprise Value/Revenue8.72
Enterprise Value/Gross Profit21.85
Enterprise Value/Ebitda15.10
Forecast
1Y Price Target
$19.45Price Target Upside29.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.18
Revenue Forecast (FY)$680.66M
Bulls Say, Bears Say
Bulls Say
Market DemandAnalyst believes above-average population growth and continued net migration into Sunbelt markets should support demand for the company's affordable rental housing.
Same-store OperationsAnalyst notes that occupancy, revenue, and blended lease growth all improved at same-store properties, signaling stronger internal leasing momentum for the company.
ValuationAnalyst highlights that the company trades at a valuation discount to peers and upgraded the stock, indicating potential upside if the valuation gap narrows.
Bears Say
Guidance And Development RiskAnalyst views core funds from operations guidance as disappointing because slower lease-up and capitalized interest from a Denver development will weigh on results.
LeverageAnalyst notes that leverage remains relatively elevated despite modest declines, which could constrain the company's financial flexibility and borrowing capacity.
Non-same-store IncomeAnalyst points out weaker non-same-store income will reduce overall cash flow and place additional pressure on near-term results.
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 $14.90 and its highest was $21.56 in the past 12 months.
What is Independence Realty Trust’s market cap?
Independence Realty Trust’s market cap is $3.65B.
When is Independence Realty Trust’s upcoming earnings report date?
Independence Realty Trust’s upcoming earnings report date is May 06, 2026 which is in 39 days.
How were Independence Realty Trust’s earnings last quarter?
Independence Realty Trust 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 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 $0.17 which represents an annual dividend yield of 3.88%. See more information on Independence Realty Trust dividends here
What is Independence Realty Trust’s EPS estimate?
Independence Realty Trust’s EPS estimate is 0.03.
How many shares outstanding does Independence Realty Trust have?
Independence Realty Trust has 237,280,270 shares outstanding.
What happened to Independence Realty Trust’s price movement after its last earnings report?
Independence Realty Trust 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 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
1
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5
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7
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$19.45 (29.67% Upside)
$19.45 (29.67% Upside)
Blogger Sentiment
Bullish
IRT Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 2.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-26.42%
12-Months-Change
Fundamentals
Return on Equity
1.64%
Trailing 12-Months
Asset Growth
-0.60%
Trailing 12-Months
Company Description
Independence Realty Trust
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
$19.45
▲(29.67% Upside)
Technical Analysis
Apartment Investment & Management
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Ownership Overview
0.78% Insiders
34.41% Mutual Funds
17.24% Other Institutional Investors
16.83% Public Companies and
Individual Investors