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Independence Realty (IRT)
NYSE:IRT
Holding IRT?
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IRT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$14.08 - $22.26
Previous CloseN/A
Volume625.91K
Average Volume (3M)1.63M
Market Cap
$4.39B
Enterprise Value$7.01B
Total Cash (Recent Filing)$20.89M
Total Debt (Recent Filing)$743.82M
Price to Earnings (P/E)―
Beta1.23
Next Earnings
Feb 12, 2025EPS Estimate
0.06Last Dividend Ex-Date
Dec 31, 2024Dividend Yield3.36%
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding225,097,400
10 Day Avg. Volume1,599,038
30 Day Avg. Volume1,626,863
Standard Deviation0.09
R-Squared0.47
Alpha-0.00061
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)6.63
Price to Cash Flow (P/CF)15.50
P/FCF Ratio0.00
Enterprise Value/Market Cap1.59
Enterprise Value/Revenue10.82
Enterprise Value/Gross Profit17.99
Enterprise Value/Ebitda46.83
Forecast
1Y Price Target
$21.50Price Target Upside13.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Independence Realty News
PremiumCompany Announcements
Independence Realty Expands Credit Facility to Enhance Growth
PremiumCompany Announcements
Independence Realty Trust Expands Portfolio in Key Markets
PremiumCompany Announcements
Independence Realty Trust Achieves Strong Q3 2024 Performance
PremiumCompany Announcements
Independence Realty Trust’s Strong Q3 2024 PerformanceBulls Say, Bears Say
Bulls Say
Debt ManagementManagement has enhanced the capital structure and received a credit rating upgrade, which reflects declining leverage and an improving debt maturity profile.
Financial PerformanceIRT's results are better than those of Sunbelt peers, indicating strong financial performance and competitive advantage.
Strategic DevelopmentThe company is successfully executing on its strategy to prioritize occupancy during this period of outsized development deliveries in its markets.
Bears Say
Competitive Performance3Q24 blended rates of +0.8% was lower than peers (+1.5% sector average to date), and decreased -30bps to +0.5% in October 4QTD.
Return On InvestmentRent increases on IRT's value-add program have flatlined, causing ROI on the program to decline.
Revenue GuidanceNew supply has negatively impacted blended lease growth, leading IRT to reduce SS Revenue guidance twice this year.
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Ownership Overview
0.67% Insiders
33.30% Mutual Funds
0.24% Other Institutional Investors
35.46% 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 $14.07 and its highest was $22.26 in the past 12 months.
What is Independence Realty’s market cap?
Independence Realty’s market cap is $4.39B.
When is Independence Realty’s upcoming earnings report date?
Independence Realty’s upcoming earnings report date is Feb 12, 2025 which is in 21 days.
How were Independence Realty’s earnings last quarter?
Independence Realty released its earnings results on Oct 30, 2024. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.089 by -$0.039.
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 3.36%. See more information on Independence Realty dividends here
What is Independence Realty’s EPS estimate?
Independence Realty’s EPS estimate is 0.06.
How many shares outstanding does Independence Realty have?
Independence Realty has 225,097,400 shares outstanding.
What happened to Independence Realty’s price movement after its last earnings report?
Independence Realty reported an EPS of $0.05 in its last earnings report, missing expectations of $0.089. Following the earnings report the stock price went down -0.714%.
Which hedge fund is a major shareholder of Independence Realty?
Among the largest hedge funds holding Independence Realty’s share is Fisher Asset Management LLC. It holds Independence Realty’s shares valued at 41M.
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Independence Realty Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$21.50 (13.16% Upside)
$21.50 (13.16% Upside)
Blogger Sentiment
Bullish
IRT Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 831.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 0.9%
Last 30 Days ▼ 0.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.12%
12-Months-Change
Fundamentals
Return on Equity
>-0.01%
Trailing 12-Months
Asset Growth
-9.57%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with notable achievements such as investment-grade ratings and successful renovation strategies, despite challenges from new supply pressures and inflationary operating expenses.Read More>---
IRT Stock 12 Month Forecast
Average Price Target
$21.50
▲(13.16% Upside)
Technical Analysis
Mid-America Apartment
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Camden Property
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Equity Residential
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AvalonBay
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Apartment Investment & Management
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Equity Lifestyle
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Best Analysts Covering IRT
1 Year
1 Year Success Rate
9/13 ratings generated profit
1 Year Average Return
+26.59%
reiterated a buy rating 6 months ago
Copying Merrill Ross's trades and holding each position for 1 Year would result in 69.23% of your transactions generating a profit, with an average return of +26.59% per trade.
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