INDEPENDENCE REALTY INC (IRT)
Real Estate · Multifamily REIT · NYSE
Independence Realty Trust is a REIT focused on the ownership, operation, and value-add renovation of multifamily apartment communities across the United States.
What INDEPENDENCE REALTY INC does
Independence Realty Trust, Inc. is a real estate investment trust (REIT) that owns, manages, operates, and develops multifamily apartment communities. The company focuses on the acquisition, development, and repositioning of apartment properties to enhance value. Its business model includes a 'Value Add Initiative' aimed at optimizing property performance.
Themes: residential real estate, multifamily housing, value-add real estate investment, REITs
Fundamentals
- Price$14.64 as of 2026-10-08 close
- Market cap$3.5B as of 2026-07-29 (share count; price 2026-10-08)
- 1-year return-10.5% 2025-10-08 close $16.36 → 2026-10-08 close $14.64
- P/E80.09 as of 2026-10-08
- Net margin+8.6% FY2025, SEC XBRL
- ROE+1.6% FY2025, SEC XBRL
- Debt / equity0.73 as of 2026-09-02
- Revenue growth (YoY)+3.5% as of 2026-09-02
- Revenue CAGR (3y)+1.5% SEC XBRL
- Beta0.52 as of 2026-09-02
- Last reported earnings2026-08-03 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.9%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
How IRT compares in its sector
- price-to-earnings ratiotop 25% 120 covered Real Estate peers, as of 2026-10-08
- net profit marginmiddle range 154 covered Real Estate peers, as of 2026-09-02
- return on equitymiddle range 158 covered Real Estate peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldmiddle range 140 covered Real Estate peers, as of 2026-09-02
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
IRT is not currently in any published Top 10 list. Its scores are below.
Top 10 score
36.6 #1257 of 1,379 scored · #75 of 87 in Real Estate
Financial health 61st (free cash flow margin 20.8%, debt to equity 0.7) and valuation 54th (price to book 1, price to earnings 80.1); weakest is profitability (20th, return on equity 1.6%).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, IRT's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 273%, operating-cash-flow payout 55%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout273% dividends / net income
- Operating-cash-flow payout55% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How INDEPENDENCE REALTY INC looks technically
INDEPENDENCE REALTY INC (IRT) is trading 10.0% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 17 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 31, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive). It made a new 20-day low about 2 trading days ago. It is 2.2% above its 52-week low (its lowest price of the past year).
Trend
7
| Distance from the 200-day | it is trading 10.0% below its 200-day average, the long-term trend line — a long-term downtrend | -10.0% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $15.82 | $15.82 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $16.27 | $16.27 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 9 calendar days ago — the swings before that are what the structure reading is measured on | 9 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 17 trading days ago — a "death cross", a bearish long-term signal | 17 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 31, with sellers in control | 31.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30) | 38.9 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($14.33 to $15.08) — its "stochastic" reading is 41 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 41.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $17.79 | $17.79 |
|---|---|---|
| From the 52-week high | it is 17.7% below its 52-week high (its highest price of the past year) | -17.7% |
| Above the 52-week low | it is 2.2% above its 52-week low (its lowest price of the past year) | +2.2% |
| Below the 52-week high | it is 17.7% below its highest point of the past year | 17.7% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $28.42 (set on 2022-04-21) | $28.42 |
| Given back of the 52-week move | over the past year its closes ranged ($14.44 to $17.77), and it has recovered only a small part of its fall from last year’s high — 6% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $16.50 to $16.60. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 6.0% |
| From the all-time high | it is 48.5% below its all-time high | -48.5% |
| Nearest price level | it is trading 3.0% below a resistance level at $15.07 — a price it turned at twice since 2025-10-29, most recently on 2026-09-29. Since 2024-10-08 it has 0 such levels below the current price and 13 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +3.0% |
| All-time low | its lowest closing price on record is $5.97 (set on 2016-03-18) | $5.97 |
| Above the all-time low | it is 145.2% above its all-time low | +145.2% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 74% of it) | 26th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.309 between its high and its low — about 2.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.309 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $14.28 and $15.26 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $14.28 – $14.77 – $15.26 |
| Typical daily range (% of price) | its price moves about 2.1% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.1% |
| Stretch from the 200-day average | it is trading 5.3 daily ranges below its 200-day average price (10.0% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.3 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.18× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bullish engulfing | 3 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 3 sessions ago |
| Since a bearish engulfing | 1 session ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 1 session ago |
Price gaps
1
| Gap at the open | it opened on 2026-10-08 0.5% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.5% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 9.0 percentage points (the stock lost 8.0% while the market gained 1.0%) | -9.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 17.0 percentage points (the stock lost 13.2% while the market gained 3.8%) | -17.0% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 20.3 percentage points (the stock lost 2.9% while the market gained 17.5%) | -20.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 25.5 percentage points (the stock lost 10.5% while the market gained 15.0%) | -25.5% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 12% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 0.4% of the share price, which is taken to mean a barrier that gives way easily. | -11.9% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 9% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $16.11 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | -9.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 6% below the average price paid since it last reported on 2026-08-03 (its 8-K), so the typical buyer over that stretch is under water. That average is $15.55 — a volume-weighted average of daily closes over 48 sessions, not a true tick-by-tick VWAP. | -5.8% |
Price levels it has turned at before
IRT last closed at $14.64 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 13 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $15.07 | Resistance | 3.0% above the last close | turned there twice · 2025-10-29 to 2026-09-29 |
| $15.73 | Resistance | 7.4% above the last close | turned there six times · 2025-10-10 to 2026-06-22 |
| $16.20 | Resistance | 10.7% above the last close | turned there four times · 2025-12-04 to 2026-08-19 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent death cross (50-day crossed below 200-day) · Near the 52-week low · Broke down to a new 20-day low · lagging the market · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.69 mean, 1=Strong Buy…5=Strong Sell) — 13 analysts
- Mean price target$19.27 range $17.00 – $22.00; median $19.00
Analyst estimates, as of 2026-10-09. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for IRT
- Consensus EPS estimate$0.05 next reporting period, as of 2026-10-09
- Estimate change, 30 days$0.00 from $0.05, on 2026-09-04, 35-day window
- Readings revised upward0% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Risks related to the ability to service substantial indebtedness.","Fluctuations in economic conditions and the real estate market affecting rental income and property values.","Failure to maintain REIT qualification, which could have significant tax implications."]
What changed in the latest 10-Q
AI-assisted comparison of IRT's 10-Q filed 2026-04-30 against the prior one filed 2025-10-30.
Management's Discussion & Analysis (MD&A)
- Added:
- Added language about 'two newly developed properties' in Denver, Colorado (296 units) and Austin, Texas (378 units) as of March 31, 2026 (newer filing)
- Added reference to 'the impacts from existing and/or future U.S. foreign policy decisions including the involvement of the U.S. in foreign disputes and foreign wars' in forward-looking statements (newer filing)
- Added '2025 Annual Report' reference in Risk Factors disclosure instead of separate 10-K and 10-Q references (newer filing)
- Removed:
- Removed reference to 'planned use of remaining proceeds from our sales of common stock on a forward basis' from forward-looking statements (older filing, 2025-10-30)
- Removed reference to 'our expectations with respect to our new joint venture' (older filing, 2025-10-30)
- Removed reference to 'three properties which are classified as held for sale' - changed to 'two properties' (older filing referenced three as of September 30, 2025)
- Removed description of four unconsolidated joint ventures with specific unit counts (862 units operating, 324 units developing) and replaced with three unconsolidated joint ventures with different unit counts (275 units operating, 642 units developing) (older filing)
- Removed reference to 'one investment in real estate under development in Colorado' as the only development property and replaced with two newly developed/completed properties (newer filing)
- Removed specific references to 'Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025' (older filing, 2025-10-30)
- Reworded:
- Changed 'increase costs' to 'increased costs' in the capital markets risk discussion (older vs. newer)
- Changed 'value add initiatives' to 'Value Add Initiatives' (capitalization change in newer filing)
- Changed 'new and/or increased regulations' to 'new and/or increased regulations' - added 'new and/or' language emphasis (newer filing)
- Reordered risk factors: removed forward stock sales language and new joint venture expectations from risk section; repositioned other risks (newer filing)
- Notes:
- The two filings represent different fiscal quarter-end dates (March 31, 2026 vs. September 30, 2025), so some numeric changes reflect actual portfolio changes over time rather than simple wording revisions
- The unconsolidated joint venture description changed materially - from four joint ventures to three, with different composition, but this reflects actual portfolio changes between the two periods
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 3 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-040 buys · 1 sell ($7235) — 1 selling insider
- Last 90 days · read to 2026-10-040 buys · 3 sells ($23665) — 1 selling insider
- Last 180 days · read to 2026-10-040 buys · 6 sells ($48280) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-10-01. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about IRT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 6 matched disclosures for IRT from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Short interest (FINRA)
IRT had 15,738,463 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
IRT had 6.68% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.66 days to cover at the same settlement.
- Reported short interest (shares) 15,738,463
- Short interest (% of shares outstanding) 6.68%
- Prior settlement (shares) 13,100,321
- Reported change 20.14%
- Days to cover (reported) 3.66
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Mid-America Apartment Communities (MAA)
- Camden Property Trust (CPT)
- AvalonBay Communities (AVB)
- Equity Residential (EQR)
- UDR (UDR)
- Essex Property Trust (ESS)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does INDEPENDENCE REALTY INC (IRT) do?
Independence Realty Trust, Inc. is a real estate investment trust (REIT) that owns, manages, operates, and develops multifamily apartment communities. The company focuses on the acquisition, development, and repositioning of apartment properties to enhance value. Its business model includes a 'Value Add Initiative' aimed at optimizing property performance.
What sector is INDEPENDENCE REALTY INC (IRT) in?
INDEPENDENCE REALTY INC (IRT) is classified in the Real Estate sector. Its industry is Multifamily REIT. It trades on NYSE.
Does IRT pay a dividend?
Yes — INDEPENDENCE REALTY INC (IRT) pays a dividend, with an indicated yield of about 4.87% and 5-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-02). Informational only — not financial advice.
Who are INDEPENDENCE REALTY INC's (IRT) competitors?
Notable peers of INDEPENDENCE REALTY INC (IRT) include Mid-America Apartment Communities, Camden Property Trust, AvalonBay Communities, Equity Residential and UDR. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in IRT?
Yes — we hold 6 matched STOCK Act disclosures for IRT from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is INDEPENDENCE REALTY INC (IRT) overbought or oversold right now?
INDEPENDENCE REALTY INC (IRT) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 39, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on IRT come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.