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How to buy Independence Realty Trust stock | $13.24

Own Independence Realty Trust stock in just a few minutes.

Fact checked

Independence Realty Trust, Inc is a reit-residential business based in the US. Independence Realty Trust shares (IRT) are listed on the NYSE and all prices are listed in US Dollars. Independence Realty Trust employs 410 staff and has a trailing 12-month revenue of around USD$209.2 million.

How to buy shares in Independence Realty Trust

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Independence Realty Trust. Find the stock by name or ticker symbol: IRT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Independence Realty Trust reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$13.24, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Independence Realty Trust, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Independence Realty Trust. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Independence Realty Trust share price

Use our graph to track the performance of IRT stocks over time.

Independence Realty Trust shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$13.24
52-week rangeUSD$6.7182 - USD$16.1692
50-day moving average USD$13.3318
200-day moving average USD$11.9917
Wall St. target priceUSD$13.66
PE ratio 49.7436
Dividend yield USD$0.48 (3.53%)
Earnings per share (TTM) USD$0.273

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Independence Realty Trust stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Independence Realty Trust price performance over time

Historical closes compared with the close of $13.24 from 2020-12-09

1 week (2021-01-07) 0.38%
1 month (2020-12-17) -3.07%
3 months (2020-10-16) 12.97%
6 months (2020-07-16) 18.74%
1 year (2020-01-16) -9.13%
2 years (2019-01-16) 31.61%
3 years (2018-01-16) 39.37%
5 years (2016-01-15) 89.68%

Is Independence Realty Trust under- or over-valued?

Valuing Independence Realty Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Independence Realty Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Independence Realty Trust's P/E ratio

Independence Realty Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 50x. In other words, Independence Realty Trust shares trade at around 50x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Independence Realty Trust's PEG ratio

Independence Realty Trust's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.57. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Independence Realty Trust's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Independence Realty Trust's EBITDA

Independence Realty Trust's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$104.2 million.

The EBITDA is a measure of a Independence Realty Trust's overall financial performance and is widely used to measure a its profitability.

Independence Realty Trust financials

Revenue TTM USD$209.2 million
Operating margin TTM 21.38%
Gross profit TTM USD$115.9 million
Return on assets TTM 1.67%
Return on equity TTM 4.21%
Profit margin 12.09%
Book value $6.387
Market capitalisation USD$1.3 billion

TTM: trailing 12 months

Shorting Independence Realty Trust shares

There are currently 10.4 million Independence Realty Trust shares held short by investors – that's known as Independence Realty Trust's "short interest". This figure is 10.1% up from 9.4 million last month.

There are a few different ways that this level of interest in shorting Independence Realty Trust shares can be evaluated.

Independence Realty Trust's "short interest ratio" (SIR)

Independence Realty Trust's "short interest ratio" (SIR) is the quantity of Independence Realty Trust shares currently shorted divided by the average quantity of Independence Realty Trust shares traded daily (recently around 603189.98252766). Independence Realty Trust's SIR currently stands at 17.17. In other words for every 100,000 Independence Realty Trust shares traded daily on the market, roughly 17170 shares are currently held short.

However Independence Realty Trust's short interest can also be evaluated against the total number of Independence Realty Trust shares, or, against the total number of tradable Independence Realty Trust shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Independence Realty Trust's short interest could be expressed as 0.11% of the outstanding shares (for every 100,000 Independence Realty Trust shares in existence, roughly 110 shares are currently held short) or 0.1541% of the tradable shares (for every 100,000 tradable Independence Realty Trust shares, roughly 154 shares are currently held short).

A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Independence Realty Trust.

Find out more about how you can short Independence Realty Trust stock.

Independence Realty Trust share dividends

69%

Dividend payout ratio: 69.23% of net profits

Recently Independence Realty Trust has paid out, on average, around 69.23% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.53% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Independence Realty Trust shareholders could enjoy a 3.53% return on their shares, in the form of dividend payments. In Independence Realty Trust's case, that would currently equate to about $0.48 per share.

Independence Realty Trust's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Independence Realty Trust's most recent dividend payout was on 22 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 December 2020 (the "ex-dividend date").

Independence Realty Trust share price volatility

Over the last 12 months, Independence Realty Trust's shares have ranged in value from as little as $6.7182 up to $16.1692. A popular way to gauge a stock's volatility is its "beta".

IRT.US volatility(beta: 0.95)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Independence Realty Trust's is 0.9533. This would suggest that Independence Realty Trust's shares are less volatile than average (for this exchange).

Independence Realty Trust overview

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

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