Based on the Independence Realty Trust Inc stock forecast from 6 analysts, the average analyst target price for Independence Realty Trust Inc is USD 16.88 over the next 12 months. Independence Realty Trust Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Independence Realty Trust Inc is Neutral, which is based on 7 positive signals and 7 negative signals. At the last closing, Independence Realty Trust Inc’s stock price was USD 15.62. Independence Realty Trust Inc’s stock price has changed by -2.38% over the past week, +1.36% over the past month and -3.82% over the last year.
No recent analyst target price found for Independence Realty Trust Inc
No recent average analyst rating found for Independence Realty Trust Inc
Company Overview Independence Realty Trust Inc
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. 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. Read Less
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nash...Read More
Frequently Asked Questions About Independence Realty Trust Inc (IRT) Stock
Based on ratings from 6 analysts Independence Realty Trust Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 7 buy, 1 sell and hold ratings.
IRT stock's dividend yield is 4.00%.
Our analysis grades IRT stock's dividend yield at F. This means that IRT stock's dividend yield is above 29% of the stocks in the REIT - Residential sector in the NYE exchange.
Based on this IRT may be a poor dividend stock for its sector.
Based on targets from 6 analysts, the average taret price for IRT is USD 16.88 over the next 12 months. The maximum analyst target price is USD 18 while the minimum anlayst target price is USD 15.
IRT stock's Price/Earning ratio is 56.48.
Our analysis grades IRT stock's Price / Earning ratio at F. This means that IRT stock's Price/Earning ratio is above 70% of the stocks in the REIT - Residential sector in the NYE exchange.
Based on this IRT may be a overvalued for its sector.
The last closing price of IRT's stock was USD 15.62.
The most recent market capitalization for IRT is USD 3.70B.
Based on targets from 6 analysts, the average taret price for IRT is projected at USD 16.88 over the next 12 months.
This means that IRT's stock price may go up by +8.03% over the next 12 months.
We can't find any ETFs which contains Independence Realty Trust Inc's stock.
As per our most recent records Independence Realty Trust Inc has 952 Employees.
Independence Realty Trust Inc's registered address is 1835 Market Street, Philadelphia, PA, United States, 19103-2935.
You can get more information about it from Independence Realty Trust Inc's website at https://www.irtliving.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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