Is Independence Realty Stock a Good Investment?
Independence Realty Investment Advice | IRT |
- Examine Independence Realty's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Independence Realty's leadership team and their track record. Good management can help Independence Realty navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Multi-Family Residential REITs space and any emerging trends that could impact Independence Realty's business and its evolving consumer preferences.
- Compare Independence Realty's performance and market position to its competitors. Analyze how Independence Realty is positioned in terms of product offerings, innovation, and market share.
- Check if Independence Realty pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Independence Realty's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Independence Realty Trust stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Independence Realty Trust is a good investment.
Sell | Buy |
Strong Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Independence Realty Stock
Researching Independence Realty's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 97.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.4. Some equities with similar Price to Book (P/B) outperform the market in the long run. Independence Realty Trust has Price/Earnings (P/E) ratio of 103.51. The entity last dividend was issued on the 30th of September 2024.
To determine if Independence Realty is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Independence Realty's research are outlined below:
| Independence Realty Trust has 2.43 B in debt with debt to equity (D/E) ratio of 0.68, which is OK given its current industry classification. Independence Realty Trust has a current ratio of 0.77, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Independence to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 660.98 M. Reported Net Loss for the year was (17.23 M) with profit before taxes, overhead, and interest of 371.27 M. | |
| Independence Realty has a poor financial position based on the latest SEC disclosures | |
| Over 97.0% of Independence Realty shares are owned by institutional investors | |
| On 18th of October 2024 Independence Realty paid $ 0.16 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Wellington Management Group LLP Bolsters Stake in Independence Realty Trust Inc |
Independence Realty Quarterly Cash And Short Term Investments |
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Independence Realty uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Independence Realty Trust. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Independence Realty's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Independence Realty's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Independence Realty's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-04-26 | 2023-03-31 | 0.03 | 0.04 | 0.01 | 33 | ||
2021-04-28 | 2021-03-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2020-10-28 | 2020-09-30 | 0.02 | 0.01 | -0.01 | 50 | ||
2019-10-30 | 2019-09-30 | 0.06 | 0.05 | -0.01 | 16 | ||
2019-02-21 | 2018-12-31 | 0.05 | 0.04 | -0.01 | 20 | ||
2018-11-01 | 2018-09-30 | 0.04 | 0.05 | 0.01 | 25 | ||
2018-08-02 | 2018-06-30 | 0.05 | 0.04 | -0.01 | 20 | ||
2018-04-25 | 2018-03-31 | 0.05 | 0.04 | -0.01 | 20 |
Know Independence Realty's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Independence Realty is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Independence Realty Trust backward and forwards among themselves. Independence Realty's institutional investor refers to the entity that pools money to purchase Independence Realty's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Charles Schwab Investment Management Inc | 2024-06-30 | 3.4 M | Dimensional Fund Advisors, Inc. | 2024-06-30 | 3.3 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 3.1 M | Northern Trust Corp | 2024-06-30 | 2.6 M | Bank Of New York Mellon Corp | 2024-06-30 | 2.5 M | Waterfront Capital Partners, Llc | 2024-06-30 | 2.3 M | Goldman Sachs Group Inc | 2024-06-30 | 2.1 M | Fisher Asset Management, Llc | 2024-06-30 | 2 M | Aew Capital Management Lp | 2024-06-30 | 1.9 M | Blackrock Inc | 2024-06-30 | 33 M | Vanguard Group Inc | 2024-06-30 | 32.6 M |
Independence Realty's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 4.83 B.Market Cap |
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Independence Realty's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.03 | 0.02 | |
| Return On Equity | (0.01) | (0.01) |
Determining Independence Realty's profitability involves analyzing its financial statements and using various financial metrics to determine if Independence Realty is a good buy. For example, gross profit margin measures Independence Realty's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Independence Realty's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Independence Realty's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Independence Realty Trust. Check Independence Realty's Beneish M Score to see the likelihood of Independence Realty's management manipulating its earnings.
Evaluate Independence Realty's management efficiency
Independence Realty Trust has Return on Asset of 0.0128 % which means that on every $100 spent on assets, it made $0.0128 of profit. This is way below average. Independence Realty's management efficiency ratios could be used to measure how well Independence Realty manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.0026 in 2024. Return On Capital Employed is likely to drop to 0.02 in 2024. At this time, Independence Realty's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 6.6 B in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 971.7 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 15.90 | 8.82 | |
| Tangible Book Value Per Share | 15.90 | 8.78 | |
| Enterprise Value Over EBITDA | 15.99 | 15.19 | |
| Price Book Value Ratio | 1.00 | 0.95 | |
| Enterprise Value Multiple | 15.99 | 15.19 | |
| Price Fair Value | 1.00 | 0.95 | |
| Enterprise Value | 5.8 B | 6.1 B |
The strategic initiatives led by Independence Realty's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.0306 | Forward Dividend Yield 0.0306 | Forward Dividend Rate 0.64 | Beta 1.158 |
Basic technical analysis of Independence Stock
As of the 11th of November 2024, Independence Realty retains the Market Risk Adjusted Performance of 0.1953, downside deviation of 1.31, and Risk Adjusted Performance of 0.0737. Independence Realty technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Independence Realty's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Independence Realty insiders, such as employees or executives, is commonly permitted as long as it does not rely on Independence Realty's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Independence Realty insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Independence Realty's Outstanding Corporate Bonds
Independence Realty issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Independence Realty Trust uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Independence bonds can be classified according to their maturity, which is the date when Independence Realty Trust has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Independence Realty's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Independence Realty's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0737 | |||
| Market Risk Adjusted Performance | 0.1953 | |||
| Mean Deviation | 1.02 | |||
| Semi Deviation | 1.17 | |||
| Downside Deviation | 1.31 | |||
| Coefficient Of Variation | 1089.66 | |||
| Standard Deviation | 1.28 | |||
| Variance | 1.65 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.0158 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1853 | |||
| Maximum Drawdown | 5.45 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.0 | |||
| Downside Variance | 1.71 | |||
| Semi Variance | 1.37 | |||
| Expected Short fall | (1.08) | |||
| Skewness | (0.09) | |||
| Kurtosis | 0.0162 |
| Risk Adjusted Performance | 0.0737 | |||
| Market Risk Adjusted Performance | 0.1953 | |||
| Mean Deviation | 1.02 | |||
| Semi Deviation | 1.17 | |||
| Downside Deviation | 1.31 | |||
| Coefficient Of Variation | 1089.66 | |||
| Standard Deviation | 1.28 | |||
| Variance | 1.65 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.0158 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1853 | |||
| Maximum Drawdown | 5.45 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.0 | |||
| Downside Variance | 1.71 | |||
| Semi Variance | 1.37 | |||
| Expected Short fall | (1.08) | |||
| Skewness | (0.09) | |||
| Kurtosis | 0.0162 |
Consider Independence Realty's intraday indicators
Independence Realty intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Independence Realty stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Independence Realty Corporate Filings
13A | 8th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
10Q | 31st of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 30th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 5th of September 2024 Other Reports | ViewVerify |
Independence Stock media impact
Far too much social signal, news, headlines, and media speculation about Independence Realty that are available to investors today. That information is available publicly through Independence media outlets and privately through word of mouth or via Independence internal channels. However, regardless of the origin, that massive amount of Independence data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Independence Realty news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Independence Realty relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Independence Realty's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Independence Realty alpha.
Independence Realty Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Independence Realty can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Independence Realty Trust Historical Investor Sentiment
Investor biases related to Independence Realty's public news can be used to forecast risks associated with an investment in Independence. The trend in average sentiment can be used to explain how an investor holding Independence can time the market purely based on public headlines and social activities around Independence Realty Trust. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Independence Realty's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Independence Realty and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Independence Realty news discussions. The higher the estimate score, the more favorable the investor's outlook on Independence Realty.
Independence Realty Corporate Directors
| Mack Pridgen | Independent Director | Profile | |
| Melinda McClure | Lead Independent Director | Profile | |
| William Dunkelberg | Independent Director | Profile | |
| Ella Neyland | Chief Operating Officer, Director | Profile |
Additional Tools for Independence Stock Analysis
When running Independence Realty's price analysis, check to measure Independence Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Realty is operating at the current time. Most of Independence Realty's value examination focuses on studying past and present price action to predict the probability of Independence Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Realty's price. Additionally, you may evaluate how the addition of Independence Realty to your portfolios can decrease your overall portfolio volatility.