Independence Realty Trust (IRT) & Its Peers Critical Analysis
Independence Realty Trust (NYSE: IRT) is one of 45 public companies in the “Residential REITs” industry, but how does it contrast to its rivals? We will compare Independence Realty Trust to related businesses based on the strength of its institutional ownership, analyst recommendations, risk, profitability, earnings, valuation and dividends.
This table compares Independence Realty Trust and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Independence Realty Trust||-10.28%||-3.22%||-1.22%|
|Independence Realty Trust Competitors||25.15%||5.37%||2.16%|
Earnings & Valuation
This table compares Independence Realty Trust and its rivals gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Independence Realty Trust||N/A||N/A||-44.13|
|Independence Realty Trust Competitors||$653.39 million||$367.19 million||2.61|
Independence Realty Trust’s rivals have higher revenue and earnings than Independence Realty Trust. Independence Realty Trust is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Institutional & Insider Ownership
61.9% of Independence Realty Trust shares are owned by institutional investors. Comparatively, 77.0% of shares of all “Residential REITs” companies are owned by institutional investors. 0.6% of Independence Realty Trust shares are owned by insiders. Comparatively, 7.1% of shares of all “Residential REITs” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
This is a breakdown of current recommendations and price targets for Independence Realty Trust and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Independence Realty Trust||0||0||5||0||3.00|
|Independence Realty Trust Competitors||181||1215||1253||30||2.42|
Independence Realty Trust presently has a consensus price target of $10.80, indicating a potential upside of 6.40%. As a group, “Residential REITs” companies have a potential upside of 7.88%. Given Independence Realty Trust’s rivals higher probable upside, analysts plainly believe Independence Realty Trust has less favorable growth aspects than its rivals.
Risk & Volatility
Independence Realty Trust has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500. Comparatively, Independence Realty Trust’s rivals have a beta of 0.57, indicating that their average stock price is 43% less volatile than the S&P 500.
Independence Realty Trust pays an annual dividend of $0.72 per share and has a dividend yield of 7.1%. Independence Realty Trust pays out -313.0% of its earnings in the form of a dividend. As a group, “Residential REITs” companies pay a dividend yield of 3.4% and pay out 143.6% of their earnings in the form of a dividend. Independence Realty Trust is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.
Independence Realty Trust rivals beat Independence Realty Trust on 8 of the 14 factors compared.
About Independence Realty Trust
Independence Realty Trust, Inc. is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets. As of September 26, 2017, the Company owns and operates 55 multifamily apartment properties, totaling 15,165 units. Its properties include Copper Mill, Crestmont, Heritage Trace, Runaway Bay, Berkshire Square, The Crossings, Reserve at Eagle Ridge, Windrush, Heritage Park, Raindance, Augusta, Invitational, Carrington Park, Walnut Hill, Lenoxplace, Bennington Pond, Jamestown, Meadows, Oxmoor, Bayview Club, Arbors River Oaks, Fox Trails, Bridge Pointe, The Aventine Greenville and Westmont Commons.
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