Head to Head Analysis: Independence Realty Trust (IRT) and The Competition
Independence Realty Trust (NYSE: IRT) is one of 45 public companies in the “Residential REITs” industry, but how does it weigh in compared to its peers? We will compare Independence Realty Trust to similar companies based on the strength of its analyst recommendations, dividends, institutional ownership, profitability, valuation, risk and earnings.
Earnings and Valuation
This table compares Independence Realty Trust and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Independence Realty Trust||$153.36 million||-$9.80 million||-39.96|
|Independence Realty Trust Competitors||$721.30 million||$355.95 million||82.24|
Independence Realty Trust’s peers have higher revenue and earnings than Independence Realty Trust. Independence Realty Trust is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Independence Realty Trust pays an annual dividend of $0.72 per share and has a dividend yield of 6.9%. Independence Realty Trust pays out -276.9% of its earnings in the form of a dividend. As a group, “Residential REITs” companies pay a dividend yield of 3.4% and pay out 129.0% of their earnings in the form of a dividend. Independence Realty Trust is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.
This is a summary of current ratings for Independence Realty Trust and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Independence Realty Trust||0||0||6||0||3.00|
|Independence Realty Trust Competitors||183||1222||1262||31||2.42|
Independence Realty Trust presently has a consensus price target of $10.80, indicating a potential upside of 3.95%. As a group, “Residential REITs” companies have a potential upside of 6.49%. Given Independence Realty Trust’s peers higher probable upside, analysts clearly believe Independence Realty Trust has less favorable growth aspects than its peers.
Volatility & Risk
Independence Realty Trust has a beta of 1.07, suggesting that its share price is 7% more volatile than the S&P 500. Comparatively, Independence Realty Trust’s peers have a beta of 0.53, suggesting that their average share price is 47% less volatile than the S&P 500.
This table compares Independence Realty Trust and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Independence Realty Trust||-10.91%||-3.08%||-1.28%|
|Independence Realty Trust Competitors||23.36%||5.45%||2.05%|
Insider & Institutional Ownership
62.1% of Independence Realty Trust shares are owned by institutional investors. Comparatively, 77.0% of shares of all “Residential REITs” companies are owned by institutional investors. 0.6% of Independence Realty Trust shares are owned by insiders. Comparatively, 7.1% of shares of all “Residential REITs” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Independence Realty Trust peers beat Independence Realty Trust on 10 of the 15 factors compared.
Independence Realty Trust Company Profile
Independence Realty Trust, Inc. is an internally-managed real estate investment trust (REIT). The Company is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. The Company owns apartment properties in geographic non-gateway markets. As of September 26, 2017, the Company owns and operates 55 multifamily apartment properties, totaling 15,165 units. Its properties include Copper Mill, Crestmont, Heritage Trace, Runaway Bay, Berkshire Square, The Crossings, Reserve at Eagle Ridge, Windrush, Heritage Park, Raindance, Augusta, Invitational, Carrington Park, Walnut Hill, Lenoxplace, Bennington Pond, Jamestown, Meadows, Oxmoor, Bayview Club, Arbors River Oaks, Fox Trails, Bridge Pointe, The Aventine Greenville and Westmont Commons.
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