IRT

Independence Realty Trust Inc

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Advanced Chart

17.400

+0.32(1.874%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

17.485

Open

17.170

VWAP

17.38

Vol

3.08M

Mkt Cap

4.15B

Low

17.120

Amount

53.50M

EV/EBITDA(TTM)

50.74

Total Shares

225.08M

6.53B

EV/OCF(TTM)

23.64

P/S(TTM)

6.32

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

171.80M

+6.73%

170.02M

+6.36%

164.78M

+4.22%

Estimates Revision

The market is revising Upward the revenue expectations for Independence Realty Trust, Inc. (IRT) for FY2025, with the revenue forecasts being adjusted by 0.25% over the past three months. During the same period, the stock price has changed by -10.08%.

Revenue Estimates for FY2025

Revise Upward

+0.25%

In Past 3 Month

Stock Price

Go Down

-10.08%

In Past 3 Month

9 Analyst Rating

30.92% Upside

Wall Street analysts forecast IRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IRT is 22.78 USD with a low forecast of 22.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

6 Buy

3 Hold

0 Sell

Moderate Buy

30.92% Upside

Current: 17.400

Low

22.00

Averages

22.78

High

25.00

30.92% Upside

Current: 17.400

Low

22.00

Averages

22.78

High

25.00

UBS

Buy

downgrade

$24 -> $21

2025-07-15

Reason

UBS

Price Target

$24 -> $21

2025-07-15

downgrade

Buy

Reason

UBS lowered the firm's price target on Independence Realty Trust to $21 from $24 and keeps a Buy rating on the shares.

Compass Point

Merrill Ross

Buy -> Neutral

downgrade

$22

2025-05-13

Reason

Compass Point

Merrill Ross

Price Target

$22

2025-05-13

downgrade

Buy -> Neutral

Reason

Compass Point analyst Merrill Ross downgraded Independence Realty Trust to Neutral from Buy with an unchanged price target of $22.

Barclays

Richard Hightower

Equal Weight

maintain

$21 -> $22

2025-05-09

Reason

Barclays

Richard Hightower

Price Target

$21 -> $22

2025-05-09

maintain

Equal Weight

Reason

Barclays analyst Richard Hightower raised the firm's price target on Independence Realty Trust to $22 from $21 and keeps an Equal Weight rating on the shares. The firm cites the company's better than expected Q1 results for the target increase.

Barclays

Richard Hightower

Hold

Maintains

$20 → $21

2025-04-11

Reason

Barclays

Richard Hightower

Price Target

$20 → $21

2025-04-11

Maintains

Hold

Reason

Barclays raised the firm's price target on Independence Realty Trust to $21 from $20 and keeps an Equal Weight rating on the shares as part of a Q1 preview for the residential real estate investment trust group. The firm cut funds from operations estimates across the board on a diminished economic outlook.

UBS

Ami Probandt

Strong Buy

Initiates

$24

2025-04-07

Reason

UBS

Ami Probandt

Price Target

$24

2025-04-07

Initiates

Strong Buy

Reason

UBS analyst Ami Probandt initiated coverage of Independence Realty Trust with a Buy rating and $24 price target.

Wells Fargo

Cooper Clark

Buy

Initiates

$24

2025-03-19

Reason

Wells Fargo

Cooper Clark

Price Target

$24

2025-03-19

Initiates

Buy

Reason

Wells Fargo initiated coverage of Independence Realty Trust with an Overweight rating and $24 price target. The company offers investors "differentiated" class and geographic exposure, with upside from external growth and redevelopment, the analyst tells investors in a research note. The firm likes Independence's "outsized" growth from its value-add pipeline and external growth.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Independence Realty Trust Inc (IRT.N) is 77.96, compared to its 5-year average forward P/E of 62.00. For a more detailed relative valuation and DCF analysis to assess Independence Realty Trust Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

62.00

Current PE

77.96

Overvalued PE

141.67

Undervalued PE

-17.67

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

18.17

Current EV/EBITDA

17.33

Overvalued EV/EBITDA

20.64

Undervalued EV/EBITDA

15.70

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

6.30

Current PS

6.25

Overvalued PS

7.53

Undervalued PS

5.07

Financials

Annual

Quarterly

FY2025Q1

YoY :

+0.44%

161.24M

Total Revenue

FY2025Q1

YoY :

-12.72%

27.02M

Operating Profit

FY2025Q1

YoY :

-52.53%

8.53M

Net Income after Tax

FY2025Q1

YoY :

-50.00%

0.04

EPS - Diluted

FY2025Q1

YoY :

+488.67%

31.79M

Free Cash Flow

FY2025Q1

YoY :

-1.19%

57.24

Gross Profit Margin - %

FY2025Q1

YoY :

+131.51%

17.34

FCF Margin - %

FY2025Q1

YoY :

-52.73%

5.29

Net Margin - %

FY2025Q1

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

26.4K

USD

3-6

Months

232.3K

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds areSelling! The selling amount has increased 38968.2% over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

7.8M

Volume

6-9

Months

20.0K

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

1.1M

Volume

Months

6-9

801.3K

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

8.0K

USD

Months

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

26.4K

USD

3-6

Months

232.3K

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

IRT News & Events

Events Timeline

2025-07-30 (ET)

2025-07-30

16:07:48

Independence Realty Trust reports Q2 core FFO 28c, consensus 28c

2025-05-14 (ET)

2025-05-14

16:33:01

Independence Realty Trust raises quarterly dividend 6% to 17c per share

2025-04-30 (ET)

2025-04-30

16:09:48

Independence Realty Trust sees FY25 core FFO $1.16-$1.19, consensus $1.18

News

6.5

12:00 PMNASDAQ.COM

Analysts Anticipate MDYV Will Reach $93

2.0

08-04Yahoo Finance

Independence Realty Trust (IRT) Traded Down in Q2 Due to Economic Concerns

4.0

08-01Benzinga

Compass Point Upgrades Independence Realty Trust to Buy, Raises Price Target to $24

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FAQ

What is Independence Realty Trust Inc (IRT) stock price today?

The current price of IRT is 17.4 USD — it has increased 1.87 % in the last trading day.

IRT

Market Estimates

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

IRT News & Events

Events Timeline

News

People Also Watch

FAQ

What is Independence Realty Trust Inc (IRT) stock price today?

What is Independence Realty Trust Inc (IRT)'s business?

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What is Independence Realty Trust Inc (IRT)'s revenue for the last quarter?

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