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Independence Realty Trust, Inc. (IRT)

Real Estate | REIT - Residential | Philadelphia, United States | NYSE
16.84 USD +0.10 (0.597%) ⇧ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 5:35 a.m. EDT

Independence Realty Trust presents a classic defensive income play rather than a growth opportunity. The company offers a robust 4.13% yield, recently increased by 6%, which is well-supported by a low payout ratio of 3.4%, indicating the dividend is safe even if earnings fluctuate. However, the underlying business shows signs of stagnation; while the stock has gained significantly over the last decade, the most recent annual performance was negative, and forward earnings estimates have actually declined. The balance sheet carries a heavy debt load relative to equity, and the valuation metrics are stretched with a trailing P/E of 83x. While the recent price action and options flow suggest a cautious bottom-fishing strategy where traders are betting on a floor at $15, there is no compelling catalyst for a major expansion in value. This is a hold for income, not a buy for capital appreciation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_105 ✓0.026301
MSTL_63_1050.028241
MSTL_630.030067
MSTL0.043299
AutoARIMA0.045549
AutoETS0.045550
AutoTheta0.048840

Forecast horizon: 60 days | Selected: MSTL_105

Forecast Reliability
Score 52%
H-stat 1.24
Ljung-Box p 0.000
Jarque-Bera p 0.101
Excess Kurtosis 0.06
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-25
Last Dividend Date 2026-06-25
Debt to Equity Ratio 69.185
Revenue per Share 2.857
Market Cap 4,069,492,480
Trailing P/E 84.20
Forward P/E 108.65
Beta 0.96
Profit Margins 7.16%
Website https://www.irtliving.com

As of July 11, 2026, 5:35 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts at the $15 strike, creating a significant floor around current prices. Conversely, call activity is sparse and concentrated near the money, suggesting limited aggressive bullish sentiment despite the recent price uptick.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.06% 4.23% 3.85% 3.61%
Dividend History
Date Dividend Yield %
2026-06-26 0.180 1.064459
2026-03-27 0.170 1.151761
2025-12-31 0.170 0.972540
2025-09-30 0.170 1.037218
2025-06-27 0.170 0.967558
2025-03-28 0.160 0.767018
2024-12-31 0.160 0.806452
2024-09-30 0.160 0.780488
2024-06-28 0.160 0.853789
2024-03-27 0.160 0.999375
2023-12-28 0.160 1.024328
2023-09-28 0.160 1.137171
2023-06-29 0.160 0.874795
2023-03-30 0.140 0.891720
2022-12-29 0.140 0.823529
2022-09-29 0.140 0.862069
2022-09-28 0.140 0.824985
2022-06-30 0.140 0.675350
2022-03-31 0.120 0.453858
2021-12-29 0.021 0.085925
2021-12-16 0.099 0.409938
2021-09-30 0.120 0.589681
2021-07-01 0.120 0.660793
2021-03-31 0.120 0.789474
2020-12-29 0.120 0.902935
2020-10-01 0.120 1.010952
2020-07-01 0.120 1.038062
2020-04-01 0.180 2.236025
2019-12-24 0.180 1.300578
2019-09-26 0.180 1.250000
2019-06-27 0.180 1.566580
2019-03-28 0.180 1.666667
2018-12-26 0.180 1.954397
2018-10-04 0.180 1.846154
2018-07-05 0.180 1.752678
2018-04-03 0.180 1.960784
2017-12-28 0.060 0.588235
2017-11-29 0.060 0.576369
2017-10-30 0.060 0.587084
2017-09-28 0.060 0.593472
2017-08-29 0.060 0.592300
2017-07-27 0.060 0.593472
2017-06-28 0.060 0.606673
2017-05-26 0.060 0.627615
2017-04-26 0.060 0.641711
2017-03-29 0.060 0.647249
2017-02-24 0.060 0.650054
2017-01-27 0.060 0.657174
2016-12-28 0.060 0.691244
2016-11-28 0.060 0.674916
2016-10-27 0.060 0.700117
2016-09-28 0.060 0.655022
2016-08-29 0.060 0.646552
2016-07-27 0.060 0.676437
2016-06-28 0.060 0.787402
2016-05-26 0.060 0.781250
2016-04-27 0.060 0.836820
2016-03-29 0.060 0.874636
2016-02-25 0.060 0.921659
2016-01-27 0.060 0.892857
2015-12-29 0.060 0.774194
2015-11-25 0.060 0.779221
2015-10-28 0.060 0.781250
2015-09-28 0.026 0.364146
2015-09-11 0.034 0.482955
2015-08-27 0.060 0.804290
2015-07-29 0.060 0.736196
2015-06-26 0.060 0.750000
2015-05-27 0.060 0.679502
2015-04-28 0.060 0.647249
2015-03-27 0.060 0.644468
2015-02-25 0.060 0.661522
2015-01-28 0.060 0.623701
2014-12-29 0.060 0.647249
2014-11-25 0.060 0.634921
2014-10-29 0.060 0.638298
2014-09-26 0.060 0.616650
2014-08-27 0.060 0.584226
2014-07-29 0.060 0.612870
2014-06-26 0.060 0.650054
2014-05-28 0.060 0.662983
2014-04-28 0.060 0.674157
2014-03-27 0.060 0.685714
2014-02-26 0.060 0.701754
2014-01-29 0.060 0.724638
2013-12-27 0.053 0.633971
2013-11-26 0.053 0.626478
2013-10-29 0.053 0.616279
2013-09-26 0.053 0.640097
2013-08-30 0.053 0.630952
Additional Data
dividendRate 0.69
dividendYield 4.12
exDividendDate 2026-06-26
trailingAnnualDividendRate 0.68
trailingAnnualDividendYield 0.040621266
lastDividendValue 0.18
lastDividendDate 2026-06-26
dividendDate 2026-07-17

Info Dump

Attribute Value
52 Week Change -0.041785896
Address1 1,835 Market Street
Address2 Suite 2601
All Time High 28.42
All Time Low 5.97
Ask 0.0
Ask Size 2,000
Audit Risk 2
Average Analyst Rating 1.7 - Buy
Average Daily Volume10 Day 3,034,500
Average Daily Volume3 Month 2,761,181
Average Volume 2,761,181
Average Volume10Days 3,034,500
Beta 0.962
Bid 6.74
Bid Size 2,600
Board Risk 3
Book Value 14.423
City Philadelphia
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 16.84
Current Ratio 0.495
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 16.99
Day Low 16.72
Debt To Equity 69.185
Display Name Independence Realty Trust
Dividend Date 1,784,246,400
Dividend Rate 0.69
Dividend Yield 4.12
Earnings Call Timestamp End 1,785,848,400
Earnings Call Timestamp Start 1,785,848,400
Earnings Timestamp 1,785,787,200
Earnings Timestamp End 1,785,787,200
Earnings Timestamp Start 1,785,787,200
Ebitda 378,796,000
Ebitda Margins 0.56336
Enterprise To Ebitda 17.139
Enterprise To Revenue 9.655
Enterprise Value 6,492,099,584
Eps Forward 0.155
Eps Trailing Twelve Months 0.2
Esg Populated 0
Ex Dividend Date 1,782,432,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 16.5354
Fifty Day Average Change 0.30459976
Fifty Day Average Change Percent 0.018421069
Fifty Two Week Change Percent -4.17859
Fifty Two Week High 18.18
Fifty Two Week High Change -1.3400002
Fifty Two Week High Change Percent -0.07370738
Fifty Two Week Low 14.6
Fifty Two Week Low Change 2.2399998
Fifty Two Week Low Change Percent 0.15342464
Fifty Two Week Range 14.6 - 18.18
Financial Currency USD
First Trade Date Milliseconds 1,376,400,600,000
Five Year Avg Dividend Yield 3.15
Float Shares 233,544,475
Forward Eps 0.155
Forward P E 108.645164
Free Cashflow 79,045,504
Full Exchange Name NYSE
Full Time Employees 904
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.60807
Gross Profits 408,856,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00679
Held Percent Institutions 1.03363
Implied Shares Outstanding 241,656,325
Industry REIT - Residential
Industry Disp REIT - Residential
Industry Key reit-residential
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,432,000
Last Dividend Value 0.18
Last Fiscal Year End 1,767,139,200
Long Business Summary Independence Realty Trust, Inc. a Maryland corporation, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. As of December 31, 2025, we owned and operated 114 multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 33,462 units in the following Southeastern and Midwestern states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. In addition, as of December 31, 2025, we owned one investment in real estate under development in Denver, Colorado that will, upon completion, contain 296 units. As of December 31, 2025, we also owned interests in four unconsolidated joint ventures, two of which own and operate multifamily apartment properties that contain an aggregate of 653 units and two that are developing multifamily apartment properties that will, upon completion, contain an aggregate of 642 units. Independence Realty Trust, Inc. was incorporated in 2009 in Maryland and is based in Philadelphia, United States.
Long Name Independence Realty Trust, Inc.
Market us_market
Market Cap 4,069,492,480
Market State PRE
Max Age 86,400
Message Board Id finmb_60414062
Most Recent Quarter 1,774,915,200
Net Income To Common 48,136,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,969,435,244
Number Of Analyst Opinions 14
Open 16.83
Operating Cashflow 277,103,008
Operating Margins 0.12642
Overall Risk 3
Payout Ratio 3.4
Phone 267 270 4800
Pre Market Change 0.030000687
Pre Market Change Percent 0.1782572
Pre Market Price 16.86
Pre Market Time 1,784,022,574
Previous Close 16.74
Price Hint 2
Price To Book 1.1675795
Price To Sales Trailing12 Months 6.052334
Profit Margins 0.07159
Quick Ratio 0.131
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.71429
Region US
Regular Market Change 0.1
Regular Market Change Percent 0.597374
Regular Market Day High 16.99
Regular Market Day Low 16.72
Regular Market Day Range 16.72 - 16.99
Regular Market Open 16.83
Regular Market Previous Close 16.74
Regular Market Price 16.84
Regular Market Time 1,783,972,803
Regular Market Volume 2,580,062
Return On Assets 0.013099999
Return On Equity 0.0138
Revenue Growth 0.023
Revenue Per Share 2.857
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 5
Shares Outstanding 235,714,682
Shares Percent Shares Out 0.044
Shares Short 10,372,169
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 9,641,063
Short Name Independence Realty Trust, Inc.
Short Percent Of Float 0.0616
Short Ratio 3.04
Source Interval 15
State PA
Symbol IRT
Target High Price 22.0
Target Low Price 17.0
Target Mean Price 19.21429
Target Median Price 19.0
Total Cash 34,927,000
Total Cash Per Share 0.148
Total Debt 2,436,457,984
Total Revenue 672,384,000
Tradeable 0
Trailing Annual Dividend Rate 0.68
Trailing Annual Dividend Yield 0.040621266
Trailing Eps 0.2
Trailing P E 84.2
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 16.4268
Two Hundred Day Average Change 0.41320038
Two Hundred Day Average Change Percent 0.02515404
Type Disp Equity
Volume 2,580,062
Website https://www.irtliving.com
Zip 19,103