How to Buy Independence Realty Trust Stock
Independence Realty Trust Inc
Independence Realty Trust is a residential REIT company located in Pennsylvania, United States, which is part of the Real Estate sector, and is traded under the ticker IRT on the NYSE exchange.
Independence Realty Trust stock last closed at $18.91, down 1.25% from the previous day, and has increased 19.46% in one year. It has overperformed other stocks in the REIT - Residential industry by 0.12 percentage points. Independence Realty Trust stock is currently +23.84% from its 52-week low of $15.27, and -15.05% from its 52-week high of $22.26.
At the moment, there are 230.91M IRT shares outstanding. The market capitalization of IRT is $4.37B. In the past 24 hours, 1.26M IRT shares were traded.
How to Buy Independence Realty Trust Stock
Wondering how to invest in Independence Realty Trust stock? Here's how.
- Figure out where to buy Independence Realty Trust stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Independence Realty Trust stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Evaluate Independence Realty Trust stock: The Independence Realty Trust ticker symbol is IRT. Is Independence Realty Trust stock a good investment? Should you buy shares of IRT? How do IRT's underlying business fundamentals look? Do top analysts think Independence Realty Trust is a good buy? Why has IRT's stock price moved recently? (Hint: Our stock research website can help you evaluate if IRT is a good stock to buy).
- Execute your IRT purchase: Decide if you will purchase IRT shares at the current market price or use a limit order to buy IRT stock at a specific price.
- Get the latest news on your IRT investment: Create a watchlist to monitor your investment in Independence Realty Trust shares.
Step 1: Figure out where to buy Independence Realty Trust stock
You will need an online brokerage account in order to access the NYSE market and buy IRT shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you are able to invest in IRT stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on the best stock buying app, you can securely and quickly fund your account:
Check out the walkthrough below for more details transferring funds into your brokerage account.
Step 4: Evaluate Independence Realty Trust stock
After you have decided on the best place to buy Independence Realty Trust stock, it's critical to research their stock prior to buying, so you actually wrap your head around the risk as well as the upside.
Independence Realty Trust stock at a glance
IRT Fundamentals
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on IRT's stock page.
Is IRT stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IRT's intrinsic value.
Using relative valuations ratios:
- IRT could be overvalued based on its P/E ratio of 111.24x, relative to REIT - Residential industry P/E ratio of 60.45x
- IRT could be undervalued based on its P/B ratio of 1.27x, relative to REIT - Residential industry P/B ratio of 2.36x
- IRT could be overvalued based on its PEG ratio of 1.13x
You can do more valuation analysis on IRT's stock here.
IRT Financial Health Summary
Passed Financial Due Diligence Checks:
- Total IRT debt is lower than 5 years ago, relative to shareholder equity.
- IRT profit margin has gone up from -2.6% to 6.1% in the past year.
Failed Financial Due Diligence Checks:
- IRT's operating cash flow of $259.75M allows it to safely service it's debt of $2.33B.
- IRT has a relatively high debt to equity ratio of 0.72.
- IRT earnings of $115.43M is not enough to cover its interest payments.
Is it a good time to buy Independence Realty Trust stock, according to analysts?
Out of 6 sell side analysts who give forecasts on IRT, the consensus analyst rating on Independence Realty Trust is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest IRT Analyst Forecasts
John Kim, a bottom 18% analyst from BMO Capital upgrades IRT to a hold rating and raises their IRT price target from $19.00 to $21.00, on Nov 15, 2024.
You can dig deeper into what analysts are projecting on the Independence Realty Trust stock forecast page.
IRT Momentum
IRT Performance Metrics
Last year, IRT earnings were $39.29M. In the past five year, IRT's earnings have increased by -19.73% per year. This was slower than the REIT - Residential industry average of 3.81%.
Last year, IRT revenue was $640.04M. During the past 5 year, IRT's revenue has gone up by 25.79% per year. This was faster than the REIT - Residential industry average of 7.4%.
You can research IRT's earnings and revenue performance here.
Who is buying/selling IRT?
Over the past year, insiders at IRT have sold more shares than they have bought.
Richard D. Gebert, Director of IRT, was the latest IRT insider to sell. They sold $10,640.00 worth of IRT stock on Apr 1, 2025.
Dig into more about who owns IRT stock here.
Does IRT stock generate passive income?
Independence Realty Trust pays a dividend of 3.38%, compared to the REIT - Residential industry's average dividend yield of 3.55%. If you owned $1,000 of IRT stock, you would have received $33.84 in the past year.
Independence Realty Trust dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Independence Realty Trust dividend yield and history here.
IRT Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your IRT purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open button and eToro will execute the order.
If you need additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your IRT investment
Now that you own some shares in IRT, you'll want to keep up with your new investment.
Put IRT on a watchlist to track the latest developments regarding your IRT stock.
IRT Feed
How to Buy Stock in Independence Realty Trust
To reiterate, here are the 6 steps to buy stock in Independence Realty Trust:
- Figure out where to buy Independence Realty Trust stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Independence Realty Trust stock
- Execute your IRT purchase
- Get the latest news on your IRT investment
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Independence Realty Trust, add IRT to your watchlist below.
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