Independence Realty Trust, Inc. (IRT): Price and Financial Metrics
IRT Price/Volume Stats
| Current price | $18.18 | 52-week high | $23.16 |
| Prev. close | $18.60 | 52-week low | $14.55 |
| Day low | $18.07 | Volume | 388,146 |
| Day high | $18.54 | Avg. volume | 1,916,422 |
| 50-day MA | $16.68 | Dividend yield | 3.12% |
| 200-day MA | $17.33 | Market Cap | 4.08B |
IRT Stock Price Chart Interactive Chart >
IRT POWR Grades
- Growth is the dimension where IRT ranks best; there it ranks ahead of 77.47% of US stocks.
- IRT's strongest trending metric is Quality; it's been moving up over the last 179 days.
- IRT ranks lowest in Quality; there it ranks in the 13th percentile.
IRT Stock Summary
- With a price/earnings ratio of 73.12, INDEPENDENCE REALTY TRUST INC P/E ratio is greater than that of about 92.82% of stocks in our set with positive earnings.
- Of note is the ratio of INDEPENDENCE REALTY TRUST INC's sales and general administrative expense to its total operating expenses; just 3.83% of US stocks have a lower such ratio.
- Revenue growth over the past 12 months for INDEPENDENCE REALTY TRUST INC comes in at 85.1%, a number that bests 92.5% of the US stocks we're tracking.
- If you're looking for stocks that are quantitatively similar to INDEPENDENCE REALTY TRUST INC, a group of peers worth examining would be EGP, STAG, OHI, UE, and HIW.
- 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
- In comparison to the median Real Estate stock, IRT's EV/EBIT ratio is 85.2% higher, now standing at 46.3.
- IRT's price/earnings ratio has moved up 588.5 over the prior 119 months.
Below are key valuation metrics over time for IRT.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| IRT | 2023-05-11 | 6.1 | 1.1 | 75.6 | 46.3 |
| IRT | 2023-05-10 | 6.0 | 1.1 | 75.1 | 46.1 |
| IRT | 2023-05-09 | 5.9 | 1.1 | 74.1 | 45.7 |
| IRT | 2023-05-08 | 6.0 | 1.1 | 74.7 | 45.9 |
| IRT | 2023-05-05 | 5.9 | 1.1 | 74.2 | 45.8 |
| IRT | 2023-05-04 | 5.8 | 1.0 | 72.5 | 45.1 |
IRT Growth Metrics
- Its 3 year net cashflow from operations growth rate is now at 7.93%.
- Its 4 year price growth rate is now at 4.09%.
- Its year over year net income to common stockholders growth rate is now at 627.86%.
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 |
|---|---|---|---|
| 2022-12-31 | 628.525 | 249.537 | 117.249 |
| 2022-09-30 | 542.641 | 169.773 | 112.233 |
| 2022-06-30 | 442.821 | 120.592 | 107.512 |
| 2022-03-31 | 345.502 | 72.199 | 118.103 |
| 2021-12-31 | 250.252 | 52.257 | 44.589 |
| 2021-09-30 | 227.424 | 88.118 | 29.235 |
IRT's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- IRT has a Quality Grade of D, ranking ahead of 11.29% of graded US stocks.
- IRT's asset turnover comes in at 0.127 -- ranking 147th of 444 Trading stocks.
- HLNE, FHI, and ADC are the stocks whose asset turnover ratios are most correlated with IRT.
The table below shows IRT's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-09-30 | 0.127 | 0.583 | 0.023 |
| 2021-06-30 | 0.126 | 0.575 | 0.020 |
| 2021-03-31 | 0.126 | 0.572 | 0.019 |
| 2020-12-31 | 0.123 | 0.568 | 0.019 |
| 2020-09-30 | 0.123 | 0.569 | 0.023 |
| 2020-06-30 | 0.122 | 0.572 | 0.025 |
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 | 1.65 (Moderate Buy) |
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.
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.
AvalonBay (AVB) Sees 6.5% Rental Revenue Growth Through MaySurpassing expectations, AvalonBay's (AVB) Q2 performance through May reveals 6.5% growth in same-store residential rental revenues. Let's find out what this means for investors. |
Independence Realty Trust to Participate in Nareit’s REITweek 2023 Investor ConferencePHILADELPHIA, June 05, 2023--Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") today announced that Scott Schaeffer, Chairman and CEO, Jim Sebra, CFO, Mike Daley, EVP of Operations and People, and Janice Richards, SVP of Operations will be meeting with investors and analysts at Nareit’s REITweek 2023 Investor Conference on June 6-7 at the New York Hilton Midtown in New York City. There will also be a management presentation on Wednesday, June 7th at 2:45pm ET. The link to the webcast can be ac |
Equity Residential (EQR) Boosts 2023 View on Strong DemandAmid strong market demand and low delinquency, Equity Residential (EQR) raises its 2023 earnings guidance. The revision instills investors' optimism as EQR continues to thrive in dynamic U.S. cities. |
Renters Are Heading for Cheaper Metros. What's the Takeaway for REIT Investors?Location, location, location -- that's what any successful real estate agent will tell you matters most when it comes down to where an individual buyer will choose. The U.S. Census Bureau said in a May 2022 report that of the 15 fastest-growing metros in the U.S., eight were in the West, primarily Arizona and Texas. REITs can be a great source of passive income (their tax structures require them to distribute at least 90% of their taxable income as dividends) and capital appreciation, thus allowing you to share in the real estate profits without the pain of direct real estate management. |
Q1 2023 Independence Realty Trust Inc Earnings CallQ1 2023 Independence Realty Trust Inc Earnings Call |
IRT Price Returns
| 1-mo | 7.38% |
| 3-mo | 10.11% |
| 6-mo | 3.69% |
| 1-year | -18.71% |
| 3-year | 62.79% |
| 5-year | 128.93% |
| YTD | 8.80% |
| 2022 | -32.88% |
| 2021 | 96.41% |
| 2020 | 0.28% |
| 2019 | 62.55% |
| 2018 | -1.90% |
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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