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Independence Realty Trust, Inc. (IRT)

Real Estate | REIT - Residential | Philadelphia, United States | NYSE
16.31 USD -0.09 (-0.549%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 16.31
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 5:02 a.m. EDT

Independence Realty Trust presents a classic value trap scenario where the market has priced out the business despite a seemingly attractive yield. The long-term rating is capped at 2 stars because the company is currently in a multi-year downtrend, having lost nearly 11% of its value in the trailing year and suffering from severe earnings contraction (-58% quarterly growth). While the dividend yield of 4.15% looks generous, the payout ratio of 383% reveals that the company is distributing far more than it earns, likely burning through capital reserves rather than generating sustainable free cash flow. The balance sheet is fragile with a debt-to-equity ratio exceeding 70% and a current ratio below 0.6, leaving little room for error in a rising-rate environment. Although the stock trades at a discount to book value, this is a warning sign of deteriorating asset quality, not a margin of safety. The short-term outlook remains neutral to slightly bearish; the statistical forecast shows no directional edge, and the heavy put option activity confirms that smart money is hedging against further weakness rather than betting on a rebound. Investors seeking income here are essentially buying a coupon on a sinking ship.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.027449
AutoETS0.028573
AutoARIMA0.028574
AutoTheta0.035577

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 58%
H-stat 0.98
Ljung-Box p 0.000
Jarque-Bera p 0.400
Excess Kurtosis 0.14
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-25
Last Dividend Date 2026-06-25
Debt to Equity Ratio 70.156
Revenue per Share 2.875
Market Cap 3,941,414,400
Trailing P/E 90.61
Forward P/E 101.94
Beta 0.95
Profit Margins 6.42%
Website https://www.irtliving.com

As of Aug. 22, 2026, 5:02 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in out-of-the-money puts (688 contracts at the $15 strike) compared to negligible call volume. This 'put wall' suggests a fear of further decline or a desire to cap losses, while call activity remains thin and scattered, indicating a lack of aggressive bullish conviction in the near term.

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 4.21
exDividendDate 2026-06-26
trailingAnnualDividendRate 0.69
trailingAnnualDividendYield 0.04207317
lastDividendValue 0.18
lastDividendDate 2026-06-26
dividendDate 2026-07-17

Info Dump

Attribute Value
52 Week Change -0.073821664
Address1 1,835 Market Street
Address2 Suite 2601
All Time High 28.42
All Time Low 5.97
Ask 16.52
Ask Size 2,400
Audit Risk 2
Average Analyst Rating 1.6 - Buy
Average Daily Volume10 Day 1,883,980
Average Daily Volume3 Month 2,855,723
Average Volume 2,855,723
Average Volume10Days 1,883,980
Beta 0.95
Bid 11.7
Bid Size 3,100
Board Risk 3
Book Value 14.275
City Philadelphia
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 16.31
Current Ratio 0.588
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 16.505
Day Low 16.305
Debt To Equity 70.156
Display Name Independence Realty Trust
Dividend Date 1,784,246,400
Dividend Rate 0.69
Dividend Yield 4.21
Earnings Call Timestamp End 1,785,848,400
Earnings Call Timestamp Start 1,785,848,400
Earnings Growth -0.667
Earnings Quarterly Growth -0.579
Earnings Timestamp 1,785,787,200
Earnings Timestamp End 1,793,217,600
Earnings Timestamp Start 1,793,217,600
Ebitda 378,192,992
Ebitda Margins 0.5585
Enterprise To Ebitda 16.855
Enterprise To Revenue 9.413
Enterprise Value 6,374,293,504
Eps Forward 0.16
Eps Trailing Twelve Months 0.18
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 16.7058
Fifty Day Average Change -0.39579964
Fifty Day Average Change Percent -0.023692349
Fifty Two Week Change Percent -7.3821664
Fifty Two Week High 18.18
Fifty Two Week High Change -1.8700008
Fifty Two Week High Change Percent -0.10286033
Fifty Two Week Low 14.6
Fifty Two Week Low Change 1.7099991
Fifty Two Week Low Change Percent 0.117123224
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 3.2
Float Shares 233,581,940
Forward Eps 0.16
Forward P E 101.9375
Free Cashflow 186,066,880
Full Exchange Name NYSE
Full Time Employees 904
Fullday Change -0.0900002
Fullday Change Percent -0.548781
Fullday Price 16.31
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.60678
Gross Profits 410,891,008
Has Pre Post Market Data 1
Held Percent Insiders 0.00679
Held Percent Institutions 1.03787
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., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT's main investment objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. Independence Realty Trust, Inc. was established in 2009 and is incorporated in Maryland.
Long Name Independence Realty Trust, Inc.
Market us_market
Market Cap 3,941,414,400
Market State CLOSED
Max Age 86,400
Message Board Id finmb_60414062
Most Recent Quarter 1,782,777,600
Net Income To Common 43,480,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,866,210,898
Number Of Analyst Opinions 14
Open 16.47
Operating Cashflow 275,769,984
Operating Margins 0.14755
Overall Risk 3
Payout Ratio 3.8332999
Phone 267 270 4800
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 16.31
Post Market Time 1,787,959,806
Previous Close 16.4
Price Hint 2
Price To Book 1.1425569
Price To Sales Trailing12 Months 5.82049
Profit Margins 0.06421
Quick Ratio 0.158
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.64286
Region US
Regular Market Change -0.0900002
Regular Market Change Percent -0.548781
Regular Market Day High 16.505
Regular Market Day Low 16.305
Regular Market Day Range 16.305 - 16.505
Regular Market Open 16.47
Regular Market Previous Close 16.4
Regular Market Price 16.31
Regular Market Time 1,787,947,203
Regular Market Volume 1,848,944
Return On Assets 0.01286
Return On Equity 0.0125899995
Revenue Growth 0.03
Revenue Per Share 2.875
Sand P52 Week Change 0.20204377
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 0.0575
Shares Short 13,546,081
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 9,935,053
Short Name Independence Realty Trust, Inc.
Short Percent Of Float 0.0805
Short Ratio 4.6
Source Interval 15
State PA
Symbol IRT
Target High Price 22.0
Target Low Price 18.0
Target Mean Price 19.5
Target Median Price 19.0
Total Cash 37,363,000
Total Cash Per Share 0.159
Total Debt 2,446,127,104
Total Revenue 677,161,984
Tradeable 0
Trailing Annual Dividend Rate 0.69
Trailing Annual Dividend Yield 0.04207317
Trailing Eps 0.18
Trailing P E 90.61111
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 16.51005
Two Hundred Day Average Change -0.20005035
Two Hundred Day Average Change Percent -0.012116884
Type Disp Equity
Volume 1,848,944
Website https://www.irtliving.com
Zip 19,103