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Independence Realty Trust, Inc is currently in a long term uptrend where the price is trading 26.1% above its 200 day moving average.
From a valuation standpoint, the stock is 29.4% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 7.0.
Independence Realty Trust, Inc's total revenue rose by 5.2% to $54M since the same quarter in the previous year.
Its net income has dropped by 44.2% to $13M since the same quarter in the previous year.
Finally, its free cash flow grew by 205.3% to $4M since the same quarter in the previous year.
Based on the above factors, Independence Realty Trust, Inc gets an overall score of 4/5.
ISIN | US45378A1060 |
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Sector | Real Estate |
CurrencyCode | USD |
Exchange | NYSE |
Industry | REIT-Residential |
Dividend Yield | 3.5% |
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Market Cap | 4B |
PE Ratio | 30.47 |
Beta | 1.0 |
Target Price | 20.91 |
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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