Independence Realty Trust Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 35 out of 191 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 20.21.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
35 / 191
Overall Ranking
79 / 4521
Industry
Residential & Commercial REITs
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
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 173.60, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 247.19M shares, decreasing 2.88% 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.