Independence Realty Trust Stock Buy Hold or Sell Recommendation
| IRT Stock | USD 15.76 0.09 0.57% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Independence Realty Trust is 'Strong Hold'. Macroaxis provides Independence Realty buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding IRT positions. The advice algorithm takes into account all of Independence Realty's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Independence Realty's buy or sell advice are summarized below:
Real Value 15.56 | Target Price 20.09 | Hype Value 15.67 | Market Value 15.76 | Naive Value 15.49 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Independence Realty Trust given historical horizon and risk tolerance towards Independence Realty. When Macroaxis issues a 'buy' or 'sell' recommendation for Independence Realty Trust, the advice is generated through an automated system that utilizes algorithms and statistical models.
Independence |
Execute Independence Realty Buy or Sell Advice
The Independence recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Independence Realty Trust. Macroaxis does not own or have any residual interests in Independence Realty Trust or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Independence Realty's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Insignificant | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Independence Realty Trading Alerts and Improvement Suggestions
| The company 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. Debt can assist Independence Realty until it has trouble settling it off, either with new capital or with free cash flow. So, Independence Realty's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Independence Realty Trust sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Independence to invest in growth at high rates of return. When we think about Independence Realty's use of debt, we should always consider it together with cash and equity. | |
| 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. | |
| Over 91.0% of Independence Realty shares are owned by institutional investors | |
| On 19th of April 2024 Independence Realty paid $ 0.16 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: Independence Realty Trust Q1 2024 Earnings Preview |
Independence Realty Returns Distribution Density
The distribution of Independence Realty's historical returns is an attempt to chart the uncertainty of Independence Realty's future price movements. The chart of the probability distribution of Independence Realty daily returns describes the distribution of returns around its average expected value. We use Independence Realty Trust price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Independence Realty returns is essential to provide solid investment advice for Independence Realty.
| Mean Return | 0.05 | Value At Risk | -2.87 | Potential Upside | 2.49 | Standard Deviation | 1.89 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Independence Realty historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Independence Stock 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 originates 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 | Dimensional Fund Advisors, Inc. | 2023-12-31 | 3.2 M | Charles Schwab Investment Management Inc | 2023-12-31 | 3.2 M | Ranger Global Real Estate Advisors, Llc | 0002-12-31 | 3.2 M | Ubs Group Ag | 2023-12-31 | 3.1 M | Frontier Capital Management Co Inc | 2023-12-31 | 3 M | Northern Trust Corp | 2023-12-31 | 2.7 M | Bank Of New York Mellon Corp | 2023-12-31 | 2.5 M | Wellington Management Company Llp | 2023-12-31 | 2.5 M | Centersquare Investment Management Llc | 2023-12-31 | 2.2 M | Blackrock Inc | 2023-12-31 | 35.9 M | Vanguard Group Inc | 2023-12-31 | 32.4 M |
Independence Realty Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (1.6M) | (818K) | 52.1M | (21.7M) | 6.7M | 3.6M | |
| Free Cash Flow | 29.4M | 37.6M | 9.3M | 165.6M | 115.5M | 121.3M | |
| Capital Expenditures | 45.6M | 37.4M | 43.0M | 84.0M | 146.6M | 154.0M | |
| Net Income | 46.4M | 14.9M | 45.5M | 120.7M | (17.2M) | (16.4M) | |
| End Period Cash Flow | 14.4M | 13.6M | 65.7M | 44.0M | 50.7M | 53.3M | |
| Net Borrowings | 74.8M | (41.3M) | (48.0M) | (69.5M) | (80.0M) | (76.0M) | |
| Depreciation | 52.8M | 60.7M | 76.9M | 252.8M | 219.0M | 229.9M | |
| Other Non Cash Items | 1.4M | 2.2M | 1.5M | (125.5M) | 71.0M | 74.5M | |
| Dividends Paid | 64.7M | 56.1M | 49.8M | 105.8M | 134.9M | 141.6M | |
| Change To Netincome | (32.1M) | (2.0M) | (70.2M) | (102.8M) | (92.5M) | (87.9M) | |
| Investments | (106.4M) | (124.5M) | (25.0M) | (57.4M) | (104.2M) | (109.4M) |
Independence Realty Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Independence Realty or Diversified REITs sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Independence Realty's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Independence stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.11 | |
β | Beta against NYSE Composite | 1.72 | |
σ | Overall volatility | 1.90 | |
Ir | Information ratio | -0.03 |
Independence Realty Volatility Alert
Independence Realty Trust has relatively low volatility with skewness of 1.28 and kurtosis of 3.1. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Independence Realty's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Independence Realty's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Independence Realty Fundamentals Vs Peers
Comparing Independence Realty's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Independence Realty's direct or indirect competition across all of the common fundamentals between Independence Realty and the related equities. This way, we can detect undervalued stocks with similar characteristics as Independence Realty or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Independence Realty's fundamental indicators could also be used in its relative valuation, which is a method of valuing Independence Realty by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Independence Realty to competition |
| Fundamentals | Independence Realty | Peer Average |
| Return On Equity | -0.0049 | -0.31 |
| Return On Asset | 0.014 | -0.14 |
| Profit Margin | (0.03) % | (1.27) % |
| Operating Margin | 0.25 % | (5.51) % |
| Current Valuation | 6.15 B | 16.62 B |
| Shares Outstanding | 225.08 M | 571.82 M |
| Shares Owned By Insiders | 0.74 % | 10.09 % |
| Shares Owned By Institutions | 90.91 % | 39.21 % |
| Number Of Shares Shorted | 9.24 M | 4.71 M |
| Price To Earning | 103.51 X | 28.72 X |
| Price To Book | 1.05 X | 9.51 X |
| Price To Sales | 5.63 X | 11.42 X |
| Revenue | 660.98 M | 9.43 B |
| Gross Profit | 371.27 M | 27.38 B |
| EBITDA | 363.57 M | 3.9 B |
| Net Income | (17.23 M) | 570.98 M |
| Cash And Equivalents | 16.08 M | 2.7 B |
| Cash Per Share | 0.15 X | 5.01 X |
| Total Debt | 2.43 B | 5.32 B |
| Debt To Equity | 0.68 % | 48.70 % |
| Current Ratio | 0.79 X | 2.16 X |
| Book Value Per Share | 15.29 X | 1.93 K |
| Cash Flow From Operations | 262.17 M | 971.22 M |
| Short Ratio | 4.84 X | 4.00 X |
| Earnings Per Share | (0.08) X | 3.12 X |
| Price To Earnings To Growth | 4.57 X | 4.89 X |
| Target Price | 17.59 | |
| Number Of Employees | 952 | 18.84 K |
| Beta | 1.06 | -0.15 |
| Market Capitalization | 3.62 B | 19.03 B |
| Total Asset | 6.28 B | 29.47 B |
| Retained Earnings | (348.4 M) | 9.33 B |
| Working Capital | (646.24 M) | 1.48 B |
Note: Acquisition by Thomas Purcell of 5510 shares of Independence Realty subject to Rule 16b-3 [view details]
Independence Realty Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Independence . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Independence Realty Buy or Sell Advice
When is the right time to buy or sell Independence Realty Trust? Buying financial instruments such as Independence Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 3.5B | 3.6B | 3.4B | 3.6B | Total Current Liabilities | 1.0B | 149.6M | 993.3M | 1.0B |
Use Investing Ideas to Build Portfolios
In addition to having Independence Realty in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Independence Realty Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary 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.
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Is Independence Realty's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independence Realty. If investors know Independence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independence Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Dividend Share 0.62 | Earnings Share (0.08) | Revenue Per Share 2.925 | Quarterly Revenue Growth 0.016 |
The market value of Independence Realty Trust is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Realty's value that differs from its market value or its book value, called intrinsic value, which is Independence Realty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independence Realty's market value can be influenced by many factors that don't directly affect Independence Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independence Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Realty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.