Independence Realty Trust Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $15.84
- Today's High:
- $16.18
- Open Price:
- $16.14
- 52W Low:
- $14.2921
- 52W High:
- $19.3312
- Prev. Close:
- $16.18
- Volume:
- 6447581
Company Statistics
- Market Cap.:
- $3.73 billion
- Book Value:
- 15.846
- Revenue TTM:
- $647.68 million
- Operating Margin TTM:
- 22.94%
- Gross Profit TTM:
- $372.22 million
- Profit Margin:
- 10.69%
- Return on Assets TTM:
- 1.44%
- Return on Equity TTM:
- 1.93%
Company Profile
Independence Realty Trust Inc had its IPO on 2013-08-13 under the ticker symbol IRT.
The company operates in the Real Estate sector and REIT-Residential industry. Independence Realty Trust Inc has a staff strength of 923 employees.
Stock update
Shares of Independence Realty Trust Inc opened at $16.14 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $15.84 - $16.18, and closed at $15.94.
This is a -1.48% slip from the previous day's closing price.
A total volume of 6,447,581 shares were traded at the close of the day’s session.
In the last one week, shares of Independence Realty Trust Inc have slipped by -3.98%.
Independence Realty Trust Inc's Key Ratios
Independence Realty Trust Inc has a market cap of $3.73 billion, indicating a price to book ratio of 1.1224 and a price to sales ratio of 7.6008.
In the last 12-months Independence Realty Trust Inc’s revenue was $647.68 million with a gross profit of $372.22 million and an EBITDA of $353.04 million. The EBITDA ratio measures Independence Realty Trust Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Independence Realty Trust Inc’s operating margin was 22.94% while its return on assets stood at 1.44% with a return of equity of 1.93%.
In Q2, Independence Realty Trust Inc’s quarterly earnings growth was a negative -88.6% while revenue growth was a positive 5.8%.
Independence Realty Trust Inc’s PE and PEG Ratio
- Forward PE
- 62.1118
- Trailing PE
- 50.5625
- PEG
- 4.57
Its diluted EPS in the last 12-months stands at $0.32 per share while it has a forward price to earnings multiple of 62.1118 and a PEG multiple of 4.57. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Independence Realty Trust Inc’s profitability.
Independence Realty Trust Inc stock is trading at a EV to sales ratio of 12.3939 and a EV to EBITDA ratio of 16.1331. Its price to sales ratio in the trailing 12-months stood at 7.6008.
Independence Realty Trust Inc stock pays annual dividends of $0.58 per share, indicating a yield of 3.99% and a payout ratio of 1.87%.
Balance sheet and cash flow metrics
- Total Assets
- $6.52 billion
- Total Liabilities
- $160.51 million
- Operating Cash Flow
- $-64438000.00
- Capital Expenditure
- $38.23 million
- Dividend Payout Ratio
- 1.87%
Independence Realty Trust Inc ended 2024 with $6.52 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.52 billion while shareholder equity stood at $3.56 billion.
Independence Realty Trust Inc ended 2024 with $0 in deferred long-term liabilities, $160.51 million in other current liabilities, 2247000.00 in common stock, $-239972000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $14.35 million and cash and short-term investments were $14.35 million. The company’s total short-term debt was $849,386,000 while long-term debt stood at $2.65 billion.
Independence Realty Trust Inc’s total current assets stands at $129.09 million while long-term investments were $99.97 million and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $115.66 million and inventory worth $86.58 million.
In 2024, Independence Realty Trust Inc's operating cash flow was $-64438000.00 while its capital expenditure stood at $38.23 million.
Comparatively, Independence Realty Trust Inc paid $0.02 in dividends in 2024.
Other key metrics
- Current Trading Price
- $15.94
- 52-Week High
- $19.3312
- 52-Week Low
- $14.2921
- Analyst Target Price
- $20.73
Independence Realty Trust Inc stock is currently trading at $15.94 per share. It touched a 52-week high of $19.3312 and a 52-week low of $19.3312. Analysts tracking the stock have a 12-month average target price of $20.73.
Its 50-day moving average was $16.9 and 200-day moving average was $17.02 The short ratio stood at 6.1 indicating a short percent outstanding of 0%.
Around 61.4% of the company’s stock are held by insiders while 8924.3% are held by institutions.
Frequently Asked Questions About Independence Realty Trust Inc
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About
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.