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Independence Realty Trust, Inc. (IRT)

Stock Price: $11.68 USD 0.07 (0.60%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 1.20B
Revenue (ttm) 206.34M
Net Income (ttm) 29.06M
Shares Out 94.75M
EPS (ttm) 0.32
PE Ratio 36.50
Forward PE 400.00
Dividend $0.48
Dividend Yield 4.11%

Stock Quote

Trading Day Aug 14, 2020
Last Price $11.68
Previous Close $11.61
Change ($) 0.07
Change (%) 0.60%
Day's Open 11.54
Day's Range 11.45 - 11.83
Day's Volume 379,872
52-Week Range 6.86 - 16.85

More Stats

Market Cap 1.20B
Enterprise Value 2.19B
Earnings Date (est) Oct 29, 2020
Ex-Dividend Date Apr 1, 2020
Shares Outstanding 94.75M
Float 87.12M
EPS (basic) 0.32
EPS (diluted) 0.32
FCF / Share 0.32
Dividend $0.48
Dividend Yield 4.11%
Earnings Yield 2.74%
FCF Yield 2.54%
Payout Ratio n/a
Shares Short 8.64M
Short Ratio 14.68
Short % of Float 12.87%
Beta 1.09
PE Ratio 36.50
Forward PE 400.00
P/FCF Ratio 39.29
PS Ratio 5.80
PB Ratio 1.85
Revenue 206.34M
Operating Income 32.91M
Net Income 29.06M
Free Cash Flow 30.48M
Net Cash -990.75M
Net Cash / Share -9.66
Gross Margin 56.18%
Operating Margin 15.95%
Profit Margin 14.10%
FCF Margin 14.77%
ROA 1.68%
ROE 4.80%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (8)

Buy 2
Overweight 2
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$11.72*
(0.34% upside)
Low
10.0
Current: $11.68
High
13.0
Target: 11.72
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue20319116115311049.1719.9416.638.670.01
Revenue Growth6.27%18.62%5.1%39.98%122.85%146.56%19.93%91.84%173260%-
Gross Profit11610890.4985.3959.6225.7810.518.564.190.01
Operating Income50.3751.8245.43-5.3110.188.544.933.731.360.01
Net Income45.9026.2930.21-9.8028.242.940.63-0.11-0.11-
Shares Outstanding89.8087.0973.3452.1836.1521.325.330.280.020.02
Earnings Per Share0.510.300.41-0.190.780.140.12-0.45-5.600.20
EPS Growth70%-26.83%--457.14%16.67%----
Dividend Per Share0.720.720.720.720.750.720.32---
Dividend Growth0%0%0%-4.51%4.72%125%----
Operating Cash Flow75.0068.5354.32-7.5318.7315.726.024.482.20-
Capital Expenditures-45.63-40.43-14.37-10.66-8.94-4.16-1.45-1.15-0.87-
Free Cash Flow29.3828.1039.95-18.209.7811.574.573.341.33-
Cash & Equivalents14.4316.0514.6226.4143.7119.974.463.682.180.00
Total Debt98698577874496741910392.4182.18-
Net Cash / Debt-971-969-764-717-923-399-98.85-88.73-80.000.00
Assets1,6641,6591,4511,2941,383694182146131-
Liabilities1,0441,02980576699343110795.3584.29-
Book Value61362362450736425174.913.090.09-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Independence Realty Trust, Inc.
Country United States
Employees 410
CEO Scott F. Schaeffer

Stock Information

Ticker Symbol IRT
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Residential
Unique Identifier NYSE: IRT
IPO Date August 13, 2013

Description

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.