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Independence Realty Trust, Inc. (IRT)

Stock Price: $13.02 USD 0.14 (1.09%)
Updated December 1, 4:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 1.23B
Revenue (ttm) 209.25M
Net Income (ttm) 25.29M
Shares Out 94.84M
EPS (ttm) 0.27
PE Ratio 48.22
Forward PE 91.74
Dividend $0.48
Dividend Yield 3.69%

Stock Quote

Trading Day December 1
Last Price $13.02
Previous Close $12.88
Change ($) 0.14
Change (%) 1.09%
Day's Open 13.02
Day's Range 12.86 - 13.17
Day's Volume 863,835
52-Week Range 6.89 - 15.83

More Stats

Market Cap 1.23B
Enterprise Value 2.22B
Earnings Date (est) n/a
Ex-Dividend Date Oct 1, 2020
Shares Outstanding 94.84M
Float n/a
EPS (basic) 0.28
EPS (diluted) 0.27
FCF / Share 0.40
Dividend $0.48
Dividend Yield 3.69%
Earnings Yield 2.07%
FCF Yield 3.03%
Payout Ratio 171.40%
Shares Short 9.41M
Short Ratio 17.48
Short % of Float n/a
Beta 0.99
PE Ratio 48.22
Forward PE 91.74
P/FCF Ratio 33.00
PS Ratio 5.90
PB Ratio 2.02
Revenue 209.25M
Operating Income 29.66M
Net Income 25.29M
Free Cash Flow 37.42M
Net Cash -987.13M
Net Cash / Share -10.41
Gross Margin 55.40%
Operating Margin 14.17%
Profit Margin 12.10%
FCF Margin 17.89%
ROA 1.67%
ROE 4.21%
ROIC 2.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (7)

Buy 1
Overweight 2
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$12.89*
(-1.00% downside)
Low
12.0
Current: $13.02
High
14.5
Target: 12.89
*Average 12-month price target from 7 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 & Equivalents14.4316.0514.6226.4143.7119.974.463.682.18-
Total Debt98698577874496741910392.4182.18-
Net Cash / Debt-971-969-764-717-923-399-98.85-88.73-80.00-
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 (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.