Independence Realty Trust, Inc. (IRT): Price and Financial Metrics
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IRT POWR Grades
- Stability is the dimension where IRT ranks best; there it ranks ahead of 71.75% of US stocks.
- IRT's strongest trending metric is Sentiment; it's been moving up over the last 31 weeks.
- IRT's current lowest rank is in the Quality metric (where it is better than 18.26% of US stocks).
IRT Stock Summary
- IRT's current price/earnings ratio is 104.54, which is higher than 91.66% of US stocks with positive earnings.
- Of note is the ratio of Independence Realty Trust Inc's sales and general administrative expense to its total operating expenses; only 9.19% of US stocks have a lower such ratio.
- For IRT, its debt to operating expenses ratio is greater than that reported by 93.67% of US equities we're observing.
- Stocks with similar financial metrics, market capitalization, and price volatility to Independence Realty Trust Inc are ROIC, UBA, STOR, DEI, and WSR.
- Visit IRT's SEC page to see the company's official filings. To visit the company's web site, go to www.irtliving.com.
IRT Valuation Summary
- IRT's price/sales ratio is 9.5; this is 41.79% higher than that of the median Real Estate stock.
- IRT's price/sales ratio has moved up 6.7 over the prior 97 months.
- Over the past 97 months, IRT's EV/EBIT ratio has gone up 16.6.
Below are key valuation metrics over time for IRT.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| IRT | 2021-07-09 | 9.0 | 2.7 | 119.4 | 55.7 |
| IRT | 2021-06-16 | 8.7 | 2.6 | 115.9 | 54.6 |
| IRT | 2017-08-23 | 4.6 | 1.4 | -44.5 | 95.7 |
| IRT | 2016-05-27 | 2.9 | 1.0 | 13.1 | 22.1 |
| IRT | 2015-02-26 | 6.1 | 1.2 | 77.4 | 47.3 |
| IRT | 2014-10-07 | 8.2 | 1.9 | 73.7 | 53.5 |
IRT Growth Metrics
- The year over year cash and equivalents growth rate now stands at -78.93%.
- The 2 year revenue growth rate now stands at 22.17%.
- Its 5 year revenue growth rate is now at 137.4%.
The table below shows IRT's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2021-06-30 | 220.844 | 83.872 | 18.823 |
| 2021-03-31 | 215.668 | 83.913 | 16.226 |
| 2020-12-31 | 211.906 | 74.959 | 14.768 |
| 2020-09-30 | 209.246 | 76.21 | 25.291 |
| 2020-06-30 | 206.345 | 73.24 | 29.064 |
| 2020-03-31 | 205.033 | 72.481 | 42.984 |
IRT Price Target
For more insight on analysts targets of IRT, see our IRT price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $12.91 | Average Broker Recommendation | 1.62 (Moderate Buy) |
IRT Stock Price Chart Interactive Chart >
IRT Price/Volume Stats
| Current price | $19.88 | 52-week high | $20.27 |
| Prev. close | $19.72 | 52-week low | $10.84 |
| Day low | $19.46 | Volume | 1,358,800 |
| Day high | $19.95 | Avg. volume | 727,170 |
| 50-day MA | $18.54 | Dividend yield | 2.49% |
| 200-day MA | $15.32 | Market Cap | 2.09B |
Independence Realty Trust, Inc. (IRT) Company Bio
Independence Realty Trust, Inc is an equity real estate investment trust launched by RAIT Financial Trust. It makes investments in apartment properties to create its portfolio. The company was founded in 2009 and is based in Philadelphia, Pennsylvania.
IRT Price Forecast Based on DCF Valuation
| Current Price | DCF Fair Value Target: | Forecasted Gain: |
| $19.88 | $6.08 | -63% |
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Independence Realty Trust Inc. To summarize, we found that Independence Realty Trust Inc ranked in the 29th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for IRT, they are:
- Independence Realty Trust Inc's weighted average cost of capital (WACC) is 11%; for context, that number is higher than 75.07% of tickers in our DCF set.
- Independence Realty Trust Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
- The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than 64.6% of stocks in its sector (Real Estate).
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | -64% |
| 1% | -63% |
| 2% | -63% |
| 3% | -62% |
| 4% | -62% |
| 5% | -62% |
Want more companies with a valuation profile/forecast similar to that of Independence Realty Trust Inc? See STRS, BFS, UE, DOC, and AMT.
Latest IRT News From Around the Web
Below are the latest news stories about Independence Realty Trust Inc that investors may wish to consider to help them evaluate IRT as an investment opportunity.
Lifshitz Law Firm, P.C. Announces Investigation of BRBS, IRT, RYFL, and VNENEW YORK, NY / ACCESSWIRE / August 2, 2021 /Blue Ridge Bankshares, Inc. (NYSE:BRBS)Lifshitz Law Firm, P. |
Independence Realty Inc Trust (IRT) Q2 2021 Earnings Call TranscriptThank you for joining us to review Independence Realty Trust Second Quarter 2021 Financial Results and Recent Merger Announcement. On the call with me today are Scott Schaeffer, our Chief Executive Officer; Jim Sebra, our Chief Financial Officer; and Farrell Ender, our President. Before I turn the call over to Scott, I'd like to remind everyone that there may be forward-looking statements made on this call. |
Independence Realty Trust, Inc. Announces Closing of Public Offering of 16,100,000 shares of Common Stock, Including Exercise in Full of Underwriters Option to Purchase Additional SharesPHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced the closing of its previously announced underwritten public offering of 16,100,000 shares of common stock at a public offering price of $17.75 per share, including 2,100,000 shares sold pursuant to the exercise in full of the underwriters option to purchase additional shares of common stock. In connection with the offering, IRT entered into forward sale agreements with Bank of Montreal. Barclays, |
Independence Realty Trust, Inc. Announces Closing of Public Offering of 16,100,000 shares of Common Stock, Including Exercise in Full of Underwriters’ Option to Purchase Additional SharesPHILADELPHIA, July 30, 2021--Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") today announced the closing of its previously announced underwritten public offering of 16,100,000 shares of common stock at a public offering price of $17.75 per share, including 2,100,000 shares sold pursuant to the exercise in full of the underwriters’ option to purchase additional shares of common stock. In connection with the offering, IRT entered into forward sale agreements with Bank of Montreal. |
INVESTIGATION ALERT: Halper Sadeh LLP Investigates ISBC, IRT, KRG, BRBS; Shareholders are Encouraged to Contact the FirmHalper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: |
IRT Price Returns
| 1-mo | N/A |
| 3-mo | 23.68% |
| 6-mo | 41.72% |
| 1-year | 80.97% |
| 3-year | 129.02% |
| 5-year | 183.65% |
| YTD | 50.16% |
| 2020 | 0.28% |
| 2019 | 62.55% |
| 2018 | -1.90% |
| 2017 | 21.74% |
| 2016 | 30.07% |
IRT Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
|---|---|---|---|---|---|---|---|---|---|
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Continue Researching IRT
Here are a few links from around the web to help you further your research on Independence Realty Trust Inc's stock as an investment opportunity:Independence Realty Trust Inc (IRT) Stock Price | Nasdaq
Independence Realty Trust Inc (IRT) Stock Quote, History and News - Yahoo Finance
Independence Realty Trust Inc (IRT) Stock Price and Basic Information | MarketWatch
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