Independence Realty Trust (IRT) Stock Price, News & Analysis

Company Overview

Independence Realty Trust (NYSE: IRT) is a publicly traded real estate investment trust focused on the acquisition, development and operation of multifamily apartment communities. Headquartered in Wayne, Pennsylvania, the company targets high-growth markets across the U.S. Sunbelt, including Texas, Florida, Georgia and the Carolinas. Independence Realty Trust’s portfolio features a diverse mix of garden-style, mid-rise and luxury apartment properties designed to meet the needs of a broad tenant base, from young professionals to families and empty nesters.

Since its founding in 2015, the company has pursued an active value-add strategy, acquiring underperforming assets and enhancing them through targeted renovations, leasing initiatives and operational improvements. Through its in-house property management platform, IRT Property Management, the trust oversees day-to-day leasing and maintenance, enabling consistent service standards and rapid turnaround on capital projects. The firm’s disciplined approach emphasizes risk-adjusted returns, with a focus on markets exhibiting strong employment growth and demographic trends.

In 2017, the trust rebranded to Independence Realty Trust to reflect its growing presence and independence in the multifamily real estate sector. Leadership is anchored by industry veterans, including Michael R. Landy, President and Chief Executive Officer, and Mark D. Witmer, Executive Vice President and Chief Financial Officer. Under their guidance, the company has expanded its footprint through strategic joint ventures and recapitalizations, diversifying its access to capital while maintaining a conservative leverage profile.

Looking ahead, Independence Realty Trust aims to continue its disciplined growth by sourcing off-market opportunities and leveraging its operational expertise to drive rental income and asset appreciation. The company remains committed to sustainable property enhancements and community engagement, aligning resident satisfaction with long-term shareholder value creation in the dynamic multifamily sector.

Key Stats

• Today's Range: $17.19 to $17.66
• 50-Day Range: $17.41 to $19.63
• 52-Week Range: $17.10 to $22.26
• Volume: 6.18 million shs
• Average Volume: 2.01 million shs
• Market Capitalization: $4.13 billion
• P/E Ratio: 126.07
• Dividend Yield: 3.85%
• Price Target: $22.70
• Consensus Rating: Moderate Buy

Independence Realty Trust Stock Analysis - MarketRank™

Independence Realty Trust scored higher than 87% of companies evaluated by MarketBeat, and ranked 211th out of 938 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Independence Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Independence Realty Trust has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 6.72%

Earnings Growth

Earnings for Independence Realty Trust are expected to grow by 6.72% in the coming year, from $1.19 to $1.27 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Independence Realty Trust is 126.07, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Independence Realty Trust is 126.07, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.95.

Price to Earnings Growth Ratio

Independence Realty Trust has a PEG Ratio of 2.48. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Independence Realty Trust has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.01% of the float of Independence Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Independence Realty Trust has a short interest ratio ("days to cover") of 9.5.

Change versus previous month

Short interest in Independence Realty Trust has recently decreased by 1.74%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Independence Realty Trust is a leading dividend payer. It pays a dividend yield of 3.87%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Independence Realty Trust has only been increasing its dividend for 3 years.

Dividend Coverage

The dividend payout ratio of Independence Realty Trust is 485.71%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Independence Realty Trust will have a dividend payout ratio of 53.54% next year. This indicates that Independence Realty Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -3.54

Percentage of Shares Shorted

8.01% of the float of Independence Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Independence Realty Trust has a short interest ratio ("days to cover") of 9.5.

Change versus previous month

Short interest in Independence Realty Trust has recently decreased by 1.74%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 1.44

News Sentiment

Independence Realty Trust has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.86 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Independence Realty Trust this week, compared to 6 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Independence Realty Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27,495.00 in company stock.

Percentage Held by Insiders

Only 0.58% of the stock of Independence Realty Trust is held by insiders.

Percentage Held by Institutions

88.25% of the stock of Independence Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IRT Stock Analysis - Frequently Asked Questions

How have IRT shares performed this year?

Independence Realty Trust's stock was trading at $19.84 at the beginning of the year. Since then, IRT shares have decreased by 11.0% and is now trading at $17.65.
View the best growth stocks for 2025 here.

How were Independence Realty Trust's earnings last quarter?

Independence Realty Trust, Inc. (NYSE:IRT) released its quarterly earnings data on Wednesday, April, 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by $0.01. The company's revenue for the quarter was up .4% compared to the same quarter last year.
Read the conference call transcript.

How do I buy shares of Independence Realty Trust?

Shares of IRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Independence Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Independence Realty Trust investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM), Tesla (TSLA) and Home Depot (HD).

Company Calendar

• Record date for 4/21 Dividend: 3/28/2025
• Ex-Dividend for 4/21 Dividend: 3/28/2025
• Dividend Payable: 4/21/2025
• Last Earnings: 4/30/2025
• Record date for 7/18 Dividend: 6/27/2025
• Ex-Dividend for 7/18 Dividend: 6/27/2025
• Today: 7/02/2025
• Dividend Payable: 7/18/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - RESID
• Sub-Industry: Trading
• Current Symbol: NYSE:IRT
• CIK: 1466085
• Web: www.irtliving.com
• Phone: (267) 270-4800
• Fax: N/A
• Employees: 920
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $22.70
• High Stock Price Target: $25.00
• Low Stock Price Target: $21.00
• Potential Upside/Downside: +28.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.14
• Trailing P/E Ratio: 126.07
• Forward P/E Ratio: 14.83
• P/E Growth: 2.48
• Net Income: $39.29 million
• Net Margins: 4.70%
• Pretax Margin: 4.78%
• Return on Equity: 0.85%
• Return on Assets: 0.50%

Debt

• Debt-to-Equity Ratio: 0.63
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $640.03 million
• Price / Sales: 6.45
• Cash Flow: $1.17 per share
• Price / Cash Flow: 15.06
• Book Value: $15.88 per share
• Price / Book: 1.11

Miscellaneous

• Outstanding Shares: 233,790,000
• Free Float: 232,429,000
• Market Cap: $4.13 billion
• Optionable: Optionable
• Beta: 0.93