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How to buy Independence Realty Trust (IRT) stocks in Canada
Learn how to easily invest in Independence Realty Trust stocks.
Independence Realty Trust is a reit-residential business based in the US. Independence Realty Trust stocks (IRT.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $18.46 – a decrease of 4.77% over the previous week. Independence Realty Trust employs 444 staff and has a trailing 12-month revenue of around $227.4 million.
How to buy shares in Independence Realty Trust
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – IRT – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- Can I buy shares in Independence Realty Trust?
- Has coronavirus impacted Independence Realty Trust shares?
- Independence Realty Trust shares summary
- Compare share dealing platforms
- Is Independence Realty Trust stock a buy or sell?
- Independence Realty Trust performance over time
- Are Independence Realty Trust shares over-valued?
- Independence Realty Trust's financials
- How volatile are Independence Realty Trust shares?
- Does Independence Realty Trust pay a dividend?
- Other common questions
Independence Realty Trust stock price (NYSE:IRT)Use our graph to track the performance of IRT stocks over time.
Independence Realty Trust shares at a glance
|Latest market close||$22.34|
|52-week range||$12.82 - $25.98|
|50-day moving average||$24.57|
|200-day moving average||$20.41|
|Wall St. target price||$26.48|
|Dividend yield||$0.48 (2.05%)|
|Earnings per share (TTM)||$0.29|
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Note: The dollar amounts in the table below are in Canadian dollars.
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.
Independence Realty Trust price performance over time
|1 week (2022-01-14)||-4.77%|
|1 month (2021-12-21)||-4.04%|
|3 months (2021-10-21)||0.68%|
|6 months (2021-07-21)||12.20%|
|1 year (2021-01-21)||64.14%|
|2 years (2020-01-21)||49.03%|
|3 years (2019-01-18)||121.85%|
|5 years (2017-01-20)||148.78%|
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 247x. In other words, Independence Realty Trust shares trade at around 247x 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 $115.1 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||$227.4 million|
|Operating margin TTM||21.54%|
|Gross profit TTM||$120.4 million|
|Return on assets TTM||1.73%|
|Return on equity TTM||433.22%|
|Market capitalisation||$2.5 billion|
TTM: trailing 12 months
Independence Realty Trust share dividends
Dividend payout ratio: 44.44% of net profits
Recently Independence Realty Trust has paid out, on average, around 44.44% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.05% 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 2.05% 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.
While Independence Realty Trust's payout ratio might seem fairly standard, it's worth remembering that Independence Realty Trust may be investing much of the rest of its net profits in future growth.
Independence Realty Trust's most recent dividend payout was on 20 January 2022. The latest dividend was paid out to all shareholders who bought their shares by 28 December 2021 (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 $12.8249 up to $25.98. A popular way to gauge a stock's volatility is its "beta".
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 0.9311. 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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