Independence Realty Trust, Inc. (IRT)
Stock Price:
$11.68 USD
0.07 (0.60%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed
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
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 203 | 191 | 161 | 153 | 110 | 49.17 | 19.94 | 16.63 | 8.67 | 0.01 |
| Revenue Growth | 6.27% | 18.62% | 5.1% | 39.98% | 122.85% | 146.56% | 19.93% | 91.84% | 173260% | - |
| Gross Profit | 116 | 108 | 90.49 | 85.39 | 59.62 | 25.78 | 10.51 | 8.56 | 4.19 | 0.01 |
| Operating Income | 50.37 | 51.82 | 45.43 | -5.31 | 10.18 | 8.54 | 4.93 | 3.73 | 1.36 | 0.01 |
| Net Income | 45.90 | 26.29 | 30.21 | -9.80 | 28.24 | 2.94 | 0.63 | -0.11 | -0.11 | - |
| Shares Outstanding | 89.80 | 87.09 | 73.34 | 52.18 | 36.15 | 21.32 | 5.33 | 0.28 | 0.02 | 0.02 |
| Earnings Per Share | 0.51 | 0.30 | 0.41 | -0.19 | 0.78 | 0.14 | 0.12 | -0.45 | -5.60 | 0.20 |
| EPS Growth | 70% | -26.83% | - | - | 457.14% | 16.67% | - | - | - | - |
| Dividend Per Share | 0.72 | 0.72 | 0.72 | 0.72 | 0.75 | 0.72 | 0.32 | - | - | - |
| Dividend Growth | 0% | 0% | 0% | -4.51% | 4.72% | 125% | - | - | - | - |
| Operating Cash Flow | 75.00 | 68.53 | 54.32 | -7.53 | 18.73 | 15.72 | 6.02 | 4.48 | 2.20 | - |
| Capital Expenditures | -45.63 | -40.43 | -14.37 | -10.66 | -8.94 | -4.16 | -1.45 | -1.15 | -0.87 | - |
| Free Cash Flow | 29.38 | 28.10 | 39.95 | -18.20 | 9.78 | 11.57 | 4.57 | 3.34 | 1.33 | - |
| Cash & Equivalents | 14.43 | 16.05 | 14.62 | 26.41 | 43.71 | 19.97 | 4.46 | 3.68 | 2.18 | 0.00 |
| Total Debt | 986 | 985 | 778 | 744 | 967 | 419 | 103 | 92.41 | 82.18 | - |
| Net Cash / Debt | -971 | -969 | -764 | -717 | -923 | -399 | -98.85 | -88.73 | -80.00 | 0.00 |
| Assets | 1,664 | 1,659 | 1,451 | 1,294 | 1,383 | 694 | 182 | 146 | 131 | - |
| Liabilities | 1,044 | 1,029 | 805 | 766 | 993 | 431 | 107 | 95.35 | 84.29 | - |
| Book Value | 613 | 623 | 624 | 507 | 364 | 251 | 74.91 | 3.09 | 0.09 | - |
Numbers in millions USD, except per-share numbers.
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.