Independence Realty Trust Stock Z Score

IRT Stock  USD 16.13  0.12  0.75%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Independence Realty Piotroski F Score and Independence Realty Valuation analysis.
  
At this time, Independence Realty's Capital Surpluse is comparatively stable compared to the past year. Additional Paid In Capital is likely to gain to about 849.9 M in 2024, whereas Capital Stock is likely to drop slightly above 1.7 M in 2024. At this time, Independence Realty's Cost Of Revenue is comparatively stable compared to the past year. Non Recurring is likely to gain to about 8.6 M in 2024, despite the fact that Income Before Tax is likely to grow to (16.9 M).

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..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

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.

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

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.
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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 Inc2023-12-31
3.2 M
Ranger Global Real Estate Advisors, Llc2023-12-31
3.2 M
Ubs Group Ag2023-12-31
3.1 M
Frontier Capital Management Co Inc2023-12-31
M
Northern Trust Corp2023-12-31
2.7 M
Bank Of New York Mellon Corp2023-12-31
2.5 M
Wellington Management Company Llp2023-12-31
2.5 M
Centersquare Investment Management Llc2023-12-31
2.2 M
Blackrock Inc2023-12-31
35.9 M
Vanguard Group Inc2023-12-31
32.4 M

Independence Fundamentals

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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When determining whether Independence Realty Trust is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Independence Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Independence Realty Trust Stock. Highlighted below are key reports to facilitate an investment decision about Independence Realty Trust Stock:
Check out Independence Realty Piotroski F Score and Independence Realty Valuation analysis.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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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.