Independence Realty Trust Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 16/196 in the Residential & Commercial REITs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 20.46.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Independence Realty Trust Inc's Score
Industry at a Glance
Industry Ranking
16 / 196
Overall Ranking
73 / 4582
Industry
Residential & Commercial REITs
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
14
analysts
Buy
Current Rating
20.462
Target Price
+24.39%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Independence Realty Trust Inc Highlights
StrengthsRisks
Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway United States markets. Its primary business objective is to provide attractive risk-adjusted returns to stockholders through diligent portfolio management, operational performance, and consistent returns on capital through distributions and capital appreciation. Its segments include same-store and non-same-store. It owns and operates approximately 113 multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 33,615 units in the Southeastern and Midwestern states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. The Company owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD .
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 369.02%.
Overvalued
The company’s latest PE is 175.59, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 242.37M shares, decreasing 4.81% quarter-over-quarter.
Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway United States markets. Its primary business objective is to provide attractive risk-adjusted returns to stockholders through diligent portfolio management, operational performance, and consistent returns on capital through distributions and capital appreciation. Its segments include same-store and non-same-store. It owns and operates approximately 113 multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 33,615 units in the Southeastern and Midwestern states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. The Company owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP.
Ticker SymbolIRT
CompanyIndependence Realty Trust Inc
CEOSchaeffer (Scott F)
Websitehttps://www.irtliving.com/
FAQs
What is the current price of Independence Realty Trust Inc (IRT)?
The current price of Independence Realty Trust Inc (IRT) is 16.785.
What is the symbol of Independence Realty Trust Inc?
The ticker symbol of Independence Realty Trust Inc is IRT.
What is the 52-week high of Independence Realty Trust Inc?
The 52-week high of Independence Realty Trust Inc is 21.865.
What is the 52-week low of Independence Realty Trust Inc?
The 52-week low of Independence Realty Trust Inc is 15.065.
What is the market capitalization of Independence Realty Trust Inc?
The market capitalization of Independence Realty Trust Inc is 4.01B.
What is the net income of Independence Realty Trust Inc?
The net income of Independence Realty Trust Inc is 39.29M.
Is Independence Realty Trust Inc (IRT) currently rated as Buy, Hold, or Sell?
According to analysts, Independence Realty Trust Inc (IRT) has an overall rating of Buy, with a price target of 20.462.
What is the Earnings Per Share (EPS TTM) of Independence Realty Trust Inc (IRT)?
The Earnings Per Share (EPS TTM) of Independence Realty Trust Inc (IRT) is 0.096.