Independence Realty Trust Stock Z Score
IRT Stock | USD 16.13 0.12 0.75% |
Independence | Z Score |
Independence Z Score Analysis
Independence Realty's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Current Independence Realty Z Score | 1.01 |
Most of Independence Realty's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Independence Realty Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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Independence Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Independence Realty is extremely important. It helps to project a fair market value of Independence Stock properly, considering its historical fundamentals such as Z Score. Since Independence Realty's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Independence Realty's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Independence Realty's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition |
According to the company's disclosures, Independence Realty Trust has a Z Score of 1.01. This is 26.28% lower than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The z score for all United States stocks is 88.42% higher than that of the company.
Independence Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Independence Realty's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Independence Realty could also be used in its relative valuation, which is a method of valuing Independence Realty by comparing valuation metrics of similar companies.Independence Realty is currently under evaluation in z score category among related companies.
Independence Realty Institutional Holders
Institutional Holdings refers to the ownership stake in Independence Realty that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Independence Realty's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Independence Realty's value.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 | 2023-12-31 | 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 Fundamentals
Return On Equity | -0.0049 | ||||
Return On Asset | 0.014 | ||||
Profit Margin | (0.03) % | ||||
Operating Margin | 0.25 % | ||||
Current Valuation | 6.13 B | ||||
Shares Outstanding | 225.08 M | ||||
Shares Owned By Insiders | 0.74 % | ||||
Shares Owned By Institutions | 90.84 % | ||||
Number Of Shares Shorted | 7.13 M | ||||
Price To Earning | 103.51 X | ||||
Price To Book | 1.05 X | ||||
Price To Sales | 5.63 X | ||||
Revenue | 660.98 M | ||||
Gross Profit | 371.27 M | ||||
EBITDA | 363.57 M | ||||
Net Income | (17.23 M) | ||||
Cash And Equivalents | 16.08 M | ||||
Cash Per Share | 0.15 X | ||||
Total Debt | 2.43 B | ||||
Debt To Equity | 0.68 % | ||||
Current Ratio | 0.79 X | ||||
Book Value Per Share | 15.29 X | ||||
Cash Flow From Operations | 262.17 M | ||||
Short Ratio | 3.36 X | ||||
Earnings Per Share | (0.08) X | ||||
Price To Earnings To Growth | 4.57 X | ||||
Target Price | 17.42 | ||||
Number Of Employees | 952 | ||||
Beta | 1.04 | ||||
Market Capitalization | 3.7 B | ||||
Total Asset | 6.28 B | ||||
Retained Earnings | (348.4 M) | ||||
Working Capital | (646.24 M) | ||||
Current Asset | 47.08 M | ||||
Current Liabilities | 23.55 M | ||||
Z Score | 1.01 | ||||
Annual Yield | 0.04 % | ||||
Five Year Return | 4.81 % | ||||
Net Asset | 6.28 B | ||||
Last Dividend Paid | 0.62 |
About Independence Realty Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Independence Realty Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Independence Realty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Independence Realty Trust based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. Independence Realty operates under REITResidential classification in the United States and is traded on New York Stock Exchange. It employs 937 people.
Independence Realty Investors Sentiment
The influence of Independence Realty's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Independence. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
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's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Independence Realty's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Independence Realty.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independence Realty in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independence Realty's short interest history, or implied volatility extrapolated from Independence Realty options trading.
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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.